Iran’s crude steel output rose 8 per cent in the first 11 months of the fiscal year from a year earlier

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Tehran, March 17 (MNA) — Iranian steel mills produced 19.604 million metric tons of crude steel in the last 11 months of the current fiscal year, up 8 percent from the same period last year, according to the Iranian steel producers association (Irma).

 Iran’s production of semi-finished steel, or billets, was also reported to have increased by 13% during that time.

 The output of Chinese billets and natural billets was 12.958 million tons and that of slabs was 9.738 million tons.

 Among the finished steel products, hot-rolled coils accounted for the largest share with 7.277 million tons of output, up 3 percent year-on-year.

 Next came 7.102m tonnes of rebar, up 24 per cent on the same period last year.

 The output of cold rolled coils was 2.34 million tons, up 14% year on year.The output of colored coated steel coil was 1.272 million tons, down 9 percent year-on-year.

 Iran aims to become the world’s sixth largest producer of steel within 20 years, with a goal of producing 55 million tons of crude steel annually and exporting 20-25 million tons by 2025.At present, Iranian steel mills have achieved the production capacity target of more than 30 million tons.

 Iranian steel mills produced 21.88 million tons of semi-finished steel and 1.77 million tons of finished steel in the last fiscal year, up 19 percent and 9 percent year-on-year, respectively.In the same period, Iran exported 6.87 million tons of semi-finished steel and 1.62 million tons of finished steel, up 84% and 10% respectively.


Post time: Mar-20-2019
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