Jun 20, 2023, 3:00 PM

Iran's steel production increases in two months: ISPA

Iran's steel production increases in two months: ISPA

TEHRAN, Jun. 20 (MNA) – Iranian steelmakers produced a total of 6.31 million tons of semi-finished products during the first two months of the current fiscal year (March 21-May 21), 7.4% more than in the previous year’s corresponding period.

The Iranian Steel Producers Association said in a new report that production of billet and bloom stood at 3.85 million tons, registering a 12.9% year-on-year increase.

Slab output stood at 2.46 million tons registering a 0.2% fall. 

The output of finished steel increased by 3.6% to 3.93 million tons. Long steel products grabbed the highest share of finished steel output with 2.18 million tons, registering a 7.8% rise, Finacial Tribune reported.

MNA/PR

News ID 202231

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