Economy, Business And Markets

Private Steel Output Up 45%

Private Steel Output Up 45%Private Steel Output Up 45%

Iranian private steelmakers produced 3.42 million tons of crude steel during the 10 months to January 19, registering a 45% rise compared with last year’s corresponding period, Iran Steel Producers Association’s latest data show. According to the data, the private sector accounted for more than 22% of the industry’s total 15.4-million-ton crude steel output during the period. Private steel mills also produced 5.56 million tons of steel products, including beams, rebar and galvanized, hot and cold-rolled coils in 10-month period to record an 11% growth year-on-year. Their output comprised over 37% of Iran’s total 15-million-ton production of steel products.


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