TEHRAN- Iran’s steel ingots export rose 18 percent in the first seven months of the current Iranian calendar year (March 21-October 22), as compared to the same period of time in the past year, the Iranian Steel Producers Association (ISPA) announced.

According to the data released by the ISPA, Iran exported 4.799 million tons of steel ingots in the seven-month period of this year, while the figure was 4.057 million tons in the same time span of the past year.

As announced by the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO), the country’s export of steel ingots increased by 25 percent in the past Iranian calendar year 1400 (ended on March 20), from its preceding year.

The IMIDRO’s data put the country’s annual steel ingot exports at 7.678 million tons in the past year, and at 6.162 million tons in the previous year.

The Iranian Steel industry has been constantly developing over the past years against all the pressures and obstacles created by outside forces like the U.S. sanctions and the coronavirus outbreak that has severely affected the performance of the world’s top producers.

According to the latest report released by the World Steel Association (WSA), the production of crude steel in Iran rose nine percent in the first 10 months of 2022, as compared to the same period of time in the past year. 

The WSA data put the country’s 10-month crude steel production at 25.1 million tons.

The report shows that Iran’s crude steel output has also increased by 3.5 percent in October compared to the same month in 2021, reaching 2.9 million tons.

Iran has maintained its place as the world’s 10th biggest steel producer during the mentioned 10 months, according to the WSA data.

The country is expected to climb to seventh place among the world’s top steel producers by the Iranian calendar year 1404 (March 2025).

MA/MA