News ID: 277160
Published: 0343 GMT November 22, 2020

Iran’s seven-month iron pellet output tops 18m tons

Iran’s seven-month iron pellet output tops 18m tons
IRNA

Iran produced over 18 million tons of iron pellets during March 20-October 21, which marks a 14.7 percent increase compared to the figure for the same period last year, which was 15.6 million tons.

According to a report by Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) on Sunday, Gol-e Gohar Complex produced 7.38 million tons of iron pellets during the period, IRNA reported.

The output of the Middle East Mines Industries Development Holding Company (MIDHCO) amounted to 3.89 million tons, Chadormalou produced 2.18 million tons and the output of Opal Parsian Sangan Industrial and Mineral (OPSIM) stood at 1.92 million tons of iron pellet.

The IMIDRO report added that Sanabad Iron Ore Complex and Saba Nour Iron Ore Plant produced 706,958 tons and 264,131 tons, respectively.

The mentioned companies supplied 9.71 million tons of iron pellets as the feed of domestic steel plants, while the remaining was exported.

According to figures released by the World Steel Association (WSA) published on October 24, Iranian steelmakers produced over 20.8 million tons of crude steel during the first nine months of 2020, marking a 9.3 percent rise compared to the figure for the same period last year, which was 19.05 million tons.

Iran produced 2.26 million tons of crude steel in September, showing a 2.2 percent decrease compared to the figure for the same month in 2019, which was 2.31 million tons.

Iran produced 31.9 million tons of crude steel in 2019, according to the WSA figures released in January.

The country plans to increase its annual steel production capacity to 55 million tons by 2025, with exports expected to reach between 10 million tons and 15 million tons per year.

The WSA is one of the largest and most dynamic industry associations in the world. Its members represent approximately 85 percent of the world’s steel producers, including over 150 steel producers, with nine of the 10 largest steel companies, national and regional steel industry associations and steel research institutes.


 

   
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