News ID: 275389
Published: 0342 GMT October 11, 2020

Iran’s six-month iron ore concentrate production tops 24.6m tons

Iran’s six-month iron ore concentrate production tops 24.6m tons

Iran produced 24.62 million tons of iron ore concentrate during the first six months of the current Iranian year (March 20–September 21), according to statistics released by Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO).

The country’s major mineral production companies produced 23.74 million tons of iron ore concentrate in the same period last year, imidro.gov.ir reported on Sunday.

According to the IMIDRO report, in the mentioned period, 8.11 million tons of iron ore concentrate were produced by Gol-e Gohar Mining and Industrial Company, which had the lion’s share in the country’s output.

Based on the data, 4.24 million tons of iron ore concentrate were also produced during August 22- September 21 to register a six percent rise as compared to last year’s corresponding figure, which was 4.14 million tons.

The iron ore reserves of Gol-e Gohar in Kerman, in south-central Iran, are one of the world’s largest, yielding up to five million tons per year.

According to figures released by the World Steel Association (WSA) on September 26, Iranian steelmakers produced over 18.6 million tons of crude steel during the first eight months of 2020, marking an 11.2 percent rise compared to the figure for the same period last year, which was 16.7 million tons.

Iran produced 2.4 million tons of crude steel in August, showing a 14.6 percent increase compared to the figure for the same month in 2019, which was 2.09 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.

 

   
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