1236 GMT January 24, 2021
The country’s major mineral production companies produced 27.6 million tons of iron ore concentrate in the same period last year, IRNA reported on Tuesday.
According to the IMIDRO report, in the said period, 9.5 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, 4.2 million tons of iron ore concentrate were also produced during September 22- October 21 to register an 8.5 percent rise as compared to last year’s corresponding figure, which was 3.8 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 November 24, Iranian steelmakers produced over 23.79 million tons of crude steel during the first 10 months of 2020, marking a 12.6 percent rise compared to the figure for the same period last year, which was 21.12 million tons.
Iran produced 2.66 million tons of crude steel in October, showing a 27.9 percent increase compared to the figure for the same month in 2019, which was 2.08 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.