TEHRAN- Iran exported 6.74 million tons of crude steel and steel products worth $3.7 billion in the first eight months of the current Iranian calendar year (March 21-November 21), according to the data released by the Islamic Republic of Iran Customs Administration (IRICA).

As reported, the eight-month export indicates an eight-percent drop in terms of weight year on 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