TEHRAN- Iran exported 3.7 million tons of steel ingots during the first half of the current Iranian calendar year (March 21-September 22), the Iranian Steel Producers Association (ISPA) announced.

As announced by the association, 15.422 million tons of steel ingots were produced in the country in the first six months of the present year, down 5.8 percent as compared to the same period of time in the past year.

As previously announced by the ISPA, Iran exported 7.372 million tons of steel ingots in the past Iranian calendar year 1401 (ended on March 20).

The country’s steel ingot export fell four percent in 1401, as compared to 1400 when the figure was 7.678 million tons.

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.

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