Iran’s production of flat and long steel products during March 20-December 20, 2020, grew five percent and 14 percent respectively year-on-year, according to Iranian Steel Producers Association (ISPA).
ISPA statistics show that the country’s total production of steel products reached 16.61 million tons during the nine-month period, indicating a 10 percent increase compared to the figure for the same time span last year, IRNA reported.
Last year’s figure stood at 15.16 million tons.
In the nine-month duration to December 20, 2020, Iran produced 8.69 million tons of long steel products. Last year’s figure stood at 7.62 million tons.
In this period, the country’s production of flat steel products amounted to 7.91 million tons. In the same time span last year, the figure reached 7.53 million tons.
Earlier, Iran said it produced over 23 million tons of steel ingots during March 20-December 20, 2020. The figure indicated a 12 percent rise compared to the country’s output in the previous year, which amounted to 20.46 million tons.
Iran is the world’s 10th steel producer and is expected to produce 55 million tons of steel per year by 2025, to improve its ranking.
It also plans to increase its steel exports to between 10 million tons and 15 million tons per year by 2025.
Earlier, statistics by the World Steel Association (WSA) showed Iranian steelmakers produced 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 WSA figures, 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.