News ID: 280021
Published: 0345 GMT January 27, 2021

Iran 2020 steel output up 13.3%: WSA

Iran 2020 steel output up 13.3%: WSA

Iranian steelmakers churned out over 29 million tons of crude steel in 2020, according to figures released by World Steel Association (WSA).

The statistics show a 13.3-percent rise for Iran compared to the corresponding figure of 2019, which stood at 25.6 million tons.

Global crude steel production surpassed 1.8 billion tons for the year 2020, down by 0.9 percent compared to 2019.

According to the Islamic Republic's Vision Plan, the country's total steel production capacity is to hit 55 million tons a year by 2025, with exports figure expected to reach 10-15 million tons.

The World Steel Association (WSA) is one of the largest and most dynamic industry associations in the world. WSA 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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