Iran Steel Output Up 48.9%

Iranian steel mills produced 4.46 million tons of steel in the first two months of 2018, up 48.9% compared with last year’s similar period, according to the latest report released by World Steel Association.
Iran’s steel output in February grew by 48.6% year-on-year to hit 2.12 million tons.
The Iranian steel industry had the fastest growth in production among all producers of more than 1 million tons of steel per month. Considering all producers, Iran is ranked fifth in terms of fastest annual and YOY growth in February respectively.
Iran is currently the world’s 10th largest producer of steel. The country is placed between Brazil (9th) with 5.58 million tons and Italy (11th) with 4.1 million tons.