Iran’s Steel Production Rises 8%
TEHRAN (Dispatches) - Iranian Steel Producers Association has reported that the country’s steel production in the 11 months between March 2018 and February 2019 witnessed an 8% growth compared with the corresponding period in the last year, outputting 19.604 million tons of crude steel in the span.
The report also recounting that the production of semis also observed a 13% growth during the past 11 months of the current local calendar year (through February 19).
Billet and bloom output stood at 12.958 million tons, while that of slab reached 9.738 million tons.
Hot-rolled coil had the lion’s share of finished steel production with 7.277 million tons, up 3% year-on-year.
It was followed by rebar with 7.102 million tons, up 24% in comparison with last year’s 11-month period.
Production of cold-rolled coil stood at 2.34 million tons, up 14%, while the production of coated coil with 1.272 million tons observed a 9% fall.
Earlier on January 26, the World Steel Association (WSA) announced that Iran ranked 10th among crude steel producers in the world in 2018 with 25 million tons of production, with a 17.72% rise compared with 2017.
Iran has pushed aside Italy, Taiwan and Ukraine to become the 10th biggest producer of crude steel in the world for the year 2018.
The WSA has put the global crude steel production for the year 2018 at 1,808.6 million tons (Mt), which shows a 4.6% increase compared to 2017.
According to the report, Iran’s crude steel industry has remained in good shape despite the U.S. sanctions.
Iran produced 25.0 Mt in 2018, showing a 17.72% increase compared to 2017 (21.2 Mt).
Iran’s share of global crude steel production has been estimated at 1.38% for the year 2018.
Based on the report, the second to ninth places went to India, Japan, the U.S., South Korea, Russia, Germany, Turkey and Brazil with 106.46 million tons, 104.33 million tons, 86.7 million tons, 72.46 million tons, 71.68 million tons, 42.44 million tons, 37.31 million tons and 34.73 million tons respectively.
The report also recounting that the production of semis also observed a 13% growth during the past 11 months of the current local calendar year (through February 19).
Billet and bloom output stood at 12.958 million tons, while that of slab reached 9.738 million tons.
Hot-rolled coil had the lion’s share of finished steel production with 7.277 million tons, up 3% year-on-year.
It was followed by rebar with 7.102 million tons, up 24% in comparison with last year’s 11-month period.
Production of cold-rolled coil stood at 2.34 million tons, up 14%, while the production of coated coil with 1.272 million tons observed a 9% fall.
Earlier on January 26, the World Steel Association (WSA) announced that Iran ranked 10th among crude steel producers in the world in 2018 with 25 million tons of production, with a 17.72% rise compared with 2017.
Iran has pushed aside Italy, Taiwan and Ukraine to become the 10th biggest producer of crude steel in the world for the year 2018.
The WSA has put the global crude steel production for the year 2018 at 1,808.6 million tons (Mt), which shows a 4.6% increase compared to 2017.
According to the report, Iran’s crude steel industry has remained in good shape despite the U.S. sanctions.
Iran produced 25.0 Mt in 2018, showing a 17.72% increase compared to 2017 (21.2 Mt).
Iran’s share of global crude steel production has been estimated at 1.38% for the year 2018.
Based on the report, the second to ninth places went to India, Japan, the U.S., South Korea, Russia, Germany, Turkey and Brazil with 106.46 million tons, 104.33 million tons, 86.7 million tons, 72.46 million tons, 71.68 million tons, 42.44 million tons, 37.31 million tons and 34.73 million tons respectively.