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Iran Becomes World’s 10th Largest Steelmaker

Iran’s steel sector ended January with the second highest production growth among all producers of more than 1 million tons of steel per month, overtaken only by Vietnam, with 38.8% to 1.06 million tons
The world’s 64 steelmakers produced 139.43 million tons of steel in January, up 0.8% YOY.The world’s 64 steelmakers produced 139.43 million tons of steel in January, up 0.8% YOY.

Iranian steel mills produced 1.98 million tons of steel in the first month of 2018, up 25.9% compared to last year’s similar period, according to the latest report released by World Steel Association.
Iran’s steel sector ended January with the second highest production growth among all producers of more than 1 million tons of steel per month, overtaken only by Vietnam, with 38.8% to 1.06 million tons.
Considering all producers regardless of output, Iran had the eighth fastest year-on-year growth.
Iran jumped three spots in global ranking to become the world’s 10th largest producer of steel in January. The country is currently placed between Ukraine (ninth) with 2.1 million tons and Taiwan (11th) with 1.96 million tons.

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