News ID: 279270
Published: 0318 GMT January 09, 2021

Iran’s nine-month steel exports fetch over $2b: IRICA

Iran’s nine-month steel exports fetch over $2b: IRICA
IRNA

Iranian steelmakers exported more than 5.6 million tons of steel ingots (billets, blooms, slabs and round bars) worth $2.1 billion during the nine months of the current Iranian year (March 20-December 20, 2020), according to data by the Islamic Republic of Iran Customs Administration (IRICA).

Based on the statistics, 2.7 million tons of billets and blooms were exported by Iranian steel mills, IRNA reported on Saturday.

Also, steel complexes of the country exported 1.5 million tons of slab during the said period.

A total of 839,000 tons of steel products worth $354 million were exported by Iranian steel plants during November 21-December 20, 2020, it added.

Iranian steelmakers cast over 26.3 million tons of crude steel during the first 11 months of 2020, marking a 12.7 percent rise compared to the figure for the same period last year, which was nearly 23.4 million tons.

According to figures released by the World Steel Association (WSA) on December 24, 2020, Iran produced more than 2.5 million tons of crude steel in November, showing a 14.1 percent increase compared to the figure for the same month in 2019, which was 2.2 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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