Iran eyes producing 33mn tons steel ingot this year

TEHRAN, Sep. 01 (MNA) – With the studies made, it has been targeted that 33 million tons of steel ingot will be produced before termination of the current year (to end March 20, 2021).

The steel industry is considered as the most important achievements of the current administration dubbed ‘Hope and Prudence’ which has experienced a considerable jump in recent years.

According to the statistics, steel output volume would hit 33 million tons by yearend.

Another statistic showed that about 120 million tons of steel was produced in 2013, the rate of which hit about 210 and 260 million tons in 2018 and 2019 respectively, showing significant growth during these years.

Accordingly, 8.2 million and 12 million tons of steel was exported from Iran to other countries in 2018 and 2019 respectively.

In this regard, about 25 million tons of steel was produced in 2018, the rate of which hit about 28 million tons in the past year (ended March 20, 2020).

Statistics of foreign trade of the country indicated that a huge amount of special steels (alloys) were imported into the country last year and presently, domestic steel production units are moving forwards to meet the domestic demand and prevent steel products from being imported into the country.

MA/IRN84021500

News Code 162973

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