TEHRAN – Production of steel ingot in Iran rose three percent in the first nine months of the current Iranian calendar year (March 21-December 21, 2023), as compared to the same period of time in the past year, the Iranian Steel Producers Association (ISPA) announced.

The ISPA put the country’s steel ingot output at 24.492 million tons at the first nine months of this year, and at 23.786 million tons in the first nine months of the previous year.

According to the latest report released by the World Steel Association (WSA), Iran’s steel production reached at 3.0 million tons in November, 2023, registering a 7.6 percent increase compared to the previous month.

The Islamic Republic produced 28.1 million tons of crude steel in the first 11 months of 2023, also registering a 0.6 percent increase as compared to the same period in the past year, the WSA report said.

Based on the WSA data, Iran maintained its place as the world’s 10th largest steel producer in the mentioned period.

The WSA data put the world’s 11-month crude steel production at 1.715 billion tons, indicating a 0.5 percent increase compared to the first 11 months of 2022.

The world’s 71 steel producers managed to produce 145.5 million tons of steel in November 2023, 3.3 percent more than the figure for the previous year’s same month.

Based on the WSA report, China, India, Japan, the U.S., and Russia were the world’s top steel producers in the first 11 months of 2023, respectively.

The previous WSA report had put Iran’s steel output in the first 10 months of 2023 at 25.1 million tons, 0.1 percent less than the same period in 2022.

The Islamic Republic’s monthly crude steel output stood at 3.1 million tons in October.

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