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TEHRAN- Iran exported crude steel and steel products worth $3.643 billion in the first seven months of the current Iranian calendar year (March 20-October 21), the Iranian Steel Producers Association (ISPA) reported.<\/p>\n
As reported, the figure shows 14 percent drop from $4.255 billion in the same period of time in the past year.<\/p>\n
The weight of the mentioned exported products was 16.519 million tons in the seven-month period of this year, dropping 0.5 percent from 16.601 million tons in the first seven months of the previous year.<\/p>\n
The World Steel Association (WSA) announced in its latest report that steel production in Iran during the first quarter of 2024 registered a 16.3 percent growth compared to the same period last year.<\/p>\n
The report added that the volume of steel production in the world in the 3-month period has risen by 0.5 percent.<\/p>\n
More than 469 million tons of steel was produced across the world in January-March 2024, 161.2 million tons of which was produced in March 2024.<\/p>\n
Iran has produced 7.6 million tons of steel from January to March 2024, showing a 16.3 percent growth compared to the same period last year, according to Mehr news agency.<\/p>\n
China, India, Japan, the US, Russia, South Korea, Germany, Turkey, Brazil and Iran were the world\u2019s top 10 steel producers in the first quarter of 2024.<\/p>\n
Production of steel in Iran increased by 5.8 percent in the previous Iranian calendar year 1402 (ended on March 19), as compared to the preceding year, according to the ISPA.<\/p>\n
Based on the data released by the ISPA, the country\u2019s steel production reached 29.334 million tons in the previous year.<\/p>\n
Of the mentioned amount, 18,452,000 tons were billet and bloom and 10,882,000 tons were slabs; Billet and bloom production increased by 9.2 percent and slab production increased by 0.7 percent in the previous year.<\/p>\n
According to the ISPA data, the production of sponge iron also increased by 8.5 percent in the previous year in comparison to the figure for the preceding year.<\/p>\n
Iran improved its global standing in steel production, becoming the ninth-largest producer in January 2024, according to new data released by the WSA.<\/p>\n
The Islamic Republic produced 31.1 million tons of crude steel in 2023 to account for 58.4 percent of West Asia\u2019s total production in the mentioned year, according to the WSA.<\/p>\n
The West Asian nations reviewed in the WSA report, including Iran, Iraq, Jordan, Kuwait, Oman, Qatar, Saudi Arabia, and Yemen, managed to produce 53.2 million tons of steel in 2023.<\/p>\n
The country\u2019s steel production increased by 1.8 percent in 2023 as compared to the previous year, when the production stood at 30.6 million tons, based on the WSA data.<\/p>\n
MA<\/p>\n<\/p><\/div>\n