Iran Ramps Up Production of Steel Products

Date: 18 June 2023 - 21:36

News ID: ۱۱۶۲۳۳

TEHRAN - Iranian Steel Producers Association (ISPA)has reported that the cointry’s steelmakers have ramped up production of steel ingots and other products during the first two months of the Iranian calendar year (March 21 to May 21, 2023.
The report said that during the steel companies produced a total of 6.319 million metric tons (mt) of steel ingots, including slabs, blooms, and billets, an increase of 7.4% from the same period last year, when the production stood at 5.885 million mt.
Additionally, Iranian steelmakers produced 3.932 million mt of various steel products, including rebars, wire rods, angles, and different types of sheets, during the two months to May 21, an increase of 3.6% compared to the previous year’s production of 3.797 million mt during the same period.
Furthermore, the production of sponge iron, a key component in steelmaking, reached 6.723 million mt in the same period, a 2.8% increase from the corresponding months last year.