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Iran’s Steel Ranking in World Climbs to 13th

Iran’s Steel Ranking  in World Climbs to 13th Iran’s Steel Ranking  in World Climbs to 13th

Iran produced 1.42 million tons of crude steel in the month of June, up by 1.5% compared with June 2014 and superseding France as the 13th largest steel producer in the World Steel Association’s crude steel production report of 65 countries.

Crude steel production in the first six months of 2015 stood at 8.37 million tons, which shows an increase of 4.5% over the similar period of last year when 8.01 million tons of crude steel was produced, Foolad News reported.

World crude steel production in the first six months of 2015 was 813 million tons, indicating a decrease of 2% compared to the same period of 2014. The Middle East showed an increase of 2.9% whereas both North America and Commonwealth of Independent States reported negative growth of 6.9% in the first half of 2015. Crude steel production in Asia declined by 1.5% while it increased by 0.5% in the European Union. South American production remained the same in the first six months of 2015 compared to the same period in 2014.

China’s crude steel production for June 2015 was 69 million tons, showing a 0.8% decrease compared to June 2014. Japan produced 8.6 million tons of crude steel in June 2015, registering a decrease of 6.2% compared to June 2014. India’s production was 7.4 million tons, up by 0.8% compared to June 2014. South Korea produced 5.9 million tons of crude steel, down by 3.6% compared to June 2014.

In the EU, Germany produced 3.8 million tons of crude steel in June 2015–an increase of 5.8% compared to June 2014. Italy produced 1.9 million tons–down by -11.4% on June 2014. France’s crude steel production was 1.4 million tons, showing a decrease of 1.3% compared to June 2014. Spain produced 1.3 million tons to record a 3.3% decrease year-on-year.

World Steel Association is one of the largest and most dynamic industry associations. Its members, including 170 steel producers, national and regional steel industry associations and steel research institutes, represent around 85% of world steel production.

 

Financialtribune.com