Iran Ranks 14th in World Steel Production

A new report released by the World Steel Association (WSA) shows that Iran has ranked 14th in the world in crude steel production in the first six months of 2017.

According to the report, Iran produced 9.947 million tons of crude steel in the first half of 2017 which shows 13.7 percent growth in compare to the same period in 2016 which was over 8.75.

The report added that the overall global production of crude steel totaled 836 million tons in the first six months of 2017 which shows 4.5 percent growth in compare to the same period of time in 2016.

According to the WSA report, Iran has graded 14th among major steel producers of the world and its production has been more than many major steel producers including Belgium, France, Spain, Britain and Canada.

The WSA report also said China, which is the largest consumer and producer of steel in the world, produced 419 million tons of steel in this period.

Japan and India rank second and third in steel production by producing 52 and 49 tons of steel, respectively.

The World Steel Association represents approximately 170 steel producers (including 9 of the world’s 10 largest steel companies), national and regional steel industry associations, and steel research institutes. Its members represent around 85% of world steel production.

(Source: Tasnim, under Creative Commons licence)

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