News ID: 193348
Published: 0218 GMT May 23, 2017

Four-month crude steel production rises over 14%

Four-month crude steel production rises over 14%

Iran produced 6.369 million tons of crude steel in the first four months of the current year, indicating a growth of 14.34 percent compared to the figure for the same period of 2016, which was 5.57 million tons.

According to figures released by World Steel Association (WSA) on Tuesday, China topped the list of crude steel producers during the period with 273.87 million tons.

Japan, India and the United States with 34.982 million tons, 33.159 million tons and 27.009 million tons respectively were listed in the second, third and fourth places, the report said.

In April, Iran produced 1.735 million tons of crude steel showing a rise of 6.11 percent against the figure for March, which was 1.635 million tons.

Global steel production in April amounted to 142.08 million tons, which shows a 0.97-percent drop compared with the March output that reached 143.469 million tons.

WSA is the international trade body of the iron and steel industry. The association represents approximately 170 steel producers, including 17 of the world's 20 largest steel companies, national and regional steel industry associations and steel research institutes.

Its members account for around 85 percent of world steel production.

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