News ID: 321267
Published: 1250 GMT April 26, 2022

Iran’s annual steel exports surpass 3.4m tons: IMIDRO

Iran’s annual steel exports surpass 3.4m tons: IMIDRO

Iran exported over 3.4 million tons of steel products in the past Iranian year (ended on March 20), according to the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO).

IMIDROs data put the countrys annual steel exports at 2.83 million tons in the year to March 20, 2021, according to shatanews.ir.

The Iranian steel industry has been constantly developing over the past years against all the pressures and obstacles created by outside forces like the U.S. sanctions and the coronavirus outbreak that has severely affected the performance of the worlds top producers.

Iranian steelmakers cast 6.9 million tons of crude steel in the first three months of 2022, marking a 4.4 percent drop compared to the corresponding figure for 2021, according to figures released by the World Steel Association (WSA).

Iranian steelmakers churned out over 28.5 million tons of crude steel in 2021, according to statistics released by the WSA in January.

The statistics show a 1.8 percent drop for Iran compared to the corresponding figure for 2020, which stood at 29 million tons.

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

 

   
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