Economy, Business And Markets

Steel Billet Production Up

Steel Billet Production UpSteel Billet Production Up

More than 1.432 million tons of steel billet were produced in the third month of the current Iranian year (May 22-June 21), indicating a 1.6% growth over the similar period of the previous year.

Billet production in the first quarter of the current Iranian year (March 21-June 21) stood at 4.317 million tons, up by 24,128 tons compared with the similar period of the previous year, Foolad News reported.

Mobarakeh Steel Company with 1.539 million tons of production, Khuzestan Steel Company with 878,724 tons, Zob Ahan Isfahan with 614,948 tons, Hormozgan Steel Company with 258,710 tons, Khorasan Steel Company with 171,562 tons, Iran Alloy Steel Company with 73,479 tons and Iran National Steel Industrial Group with 42,311 tons were major producers of steel billet during the year’s first quarter.

Also, 4.086 million tons of various steel products, including I-beams, reinforcing bars, pipes, sheets and plates, were produced during the period.