Annual steel ingot production exceeds 30mn tons in six months

TEHRAN, Oct. 31 (MNA) – Deputy Minister of Industry Mine and Trade said that the annual production of steel ingot in the first six months of the current year (from March 21 to Sep. 21) surpassed 30 million tons.

Speaking at the 8th International Steel Price Conference, held at the venue of Tehran Olympic Hotel on Sunday, Vajihollah Jafari Deputy Minister of Industry, Mine and Trade put the capacity of installed steel ingot from March 21 to Sep. 21 at over 40 million tons.

Turning to the export of steel products, he said that 5.8 million tons of steel products were exported overseas in the first six months of the current year (from March 21 to Sep. 21).

CEO of Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) put the capacity of installed sponge iron in the first six months of the current year at about 36 million tons.

It is predicted that the world’s demand for steel will reach 2.669 billion tons in 2050, the deputy minister of industry added.  

It should be noted that the Islamic Republic of Iran has been ranked among the top 10 steel producers in the world for the third consecutive year in the current Iranian calendar year in 1400 (started March 21, 2021).

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News Code 180220

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