TEHRAN- Over 40% of crude steel produced in Iran is exported to different markets worldwide, IRNA reported quoting Khodadad Gharibpour, the head of Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO), as saying on Tuesday.

Of the 1.79-billion tons of the world’s annual crude steel production, some 30 percent is exported by the producing countries, so Iran’s 40-percent share of export is higher than the global figure, the official noted.

A report released by the World Steel Organization (WSO) on Saturday indicated that Iran became the world’s tenth largest steel producer in 2018.

Iran which stood at the 13th place in 2017 could lag behind three major steel producers in the world, namely Italy, Taiwan, and Ukraine to stand at the 10th place in 2018, despite the re-imposition of sanctions by the U.S.

According to the WSO’s report, Iran produced 25 million tons of crude steel in 2018 which indicates 17.7 percent growth from 21.2 million tons in 2017.

MA/MA