Iran’s Steel Output Up by 24% in October
TEHRAN (Tasnim) – Iran’s total production of crude steel in October 2016 increased by 24 percent compared to the same month last year, the latest report by the World Steel Association said.
Iran’s crude steel production in October 2016 stood at 1.64 million tons, indicating a growth of 24% compared with the same period in 2015, data released by the World Steel Association showed.
According to the report, Iran had produced 1.324 million tons of steel in October 2015.
The volume of steel produced in Iran from January to October 2016 amounted to 14.85mln tons, which showed a 9.6 percent increase compared to the same period in 2015, during which the production stood at 13.555mln tons.
Back in February 2015, a master plan devised by the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) was released, showing that the country is planning to raise its annual capacity to produce steel by 11.6 million tons with the collaboration of a number of domestic and foreign companies.
Iran is the biggest steel producer in the Middle East and North Africa. The country’s main steel production facilities are located in Isfahan and Khuzestan provinces.
