Iran steel production increases ten times more than the world
Ministry of Industry, Mine and Trade reported that over 29,976 million tons of crude steel and steel products have been produced during the past nine months.
As per the targets set by the 20-Year Vision Plan (2005-25), domestic steelmakers aim to increase crude steel output capacity to 55 million tons per year.
Currently, Iran ranks 13th in term of steel production in the world.
In its latest report, World steel Association (WSA) put Iran’s steel production volume in the first three months of the current year in 2018 at 47 percent growth.
Iran managed to produce 2,350,000 tons of steel in March 2018, showing a significant 43.7 percent growth.
According to statistics, crude steel production volume in the world registered a considerable four percent (4%) growth. Totally, steel production volume in the world recorded a 4.1 percent hike in the first three months of the current year in 2018.