Iran’s Sponge Iron, Steel Exports Up
TEHRAN (Dispatches) - Iran has considerably boosted exports of sponge iron and steel products from its Southeastern province of Hormuzgan in a seven-month period, a customs office report said.
"Over $508 million of sponge iron and steel have been exported through the province's customs in the first seven months of the current Iranian calendar year (March 21, 2018-October 23, 2018) showing a considerable rise as compared to last year's corresponding period," Hormuzgan Customs Administration reported.
The customs report noted that the major part of the exports was destined to Thailand, Brazil, Indonesia, China, and Italy.
With three steel manufacturing companies and the capacity of producing over five million tons of steel, Hormuzgan is the third major producer of steel in the country.
According to statistics, crude steel production volume in the world registered a considerable four percent (4%) growth. Totally, steel production volume in the world recorded a 4.1 percent hike in the first three months of the current year in 2018.
Japan, India and the United States with 44.22 million tons, 44.12 million tons and 34.85 million tons, respectively ranked second, third and fourth, the report added.
Global steel production in May amounted to 154.86 million tons, showing an increase of 4.7 percent compared with the figure for April which was 147.89 million tons.
WSA is the international trade body of the iron and steel industry. The association represents approximately 170 steel producers, including 17 of the world’s 20 largest steel companies, national and regional steel industry associations and steel research institutes. WSA's members account for around 85 percent of world steel production.
"Over $508 million of sponge iron and steel have been exported through the province's customs in the first seven months of the current Iranian calendar year (March 21, 2018-October 23, 2018) showing a considerable rise as compared to last year's corresponding period," Hormuzgan Customs Administration reported.
The customs report noted that the major part of the exports was destined to Thailand, Brazil, Indonesia, China, and Italy.
With three steel manufacturing companies and the capacity of producing over five million tons of steel, Hormuzgan is the third major producer of steel in the country.
According to statistics, crude steel production volume in the world registered a considerable four percent (4%) growth. Totally, steel production volume in the world recorded a 4.1 percent hike in the first three months of the current year in 2018.
Japan, India and the United States with 44.22 million tons, 44.12 million tons and 34.85 million tons, respectively ranked second, third and fourth, the report added.
Global steel production in May amounted to 154.86 million tons, showing an increase of 4.7 percent compared with the figure for April which was 147.89 million tons.
WSA is the international trade body of the iron and steel industry. The association represents approximately 170 steel producers, including 17 of the world’s 20 largest steel companies, national and regional steel industry associations and steel research institutes. WSA's members account for around 85 percent of world steel production.