Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Gaza Ministry of Health: Direct threats to residential areas surrounding hospitals are part of "Israel’s" systematic plan targeting the healthcare system
Gaza Ministry of Health: We renew our urgent appeal to the relevant authorities to intervene and protect healthcare institutions
Gaza Ministry of Health: We warn against reaching the point of a complete collapse of the healthcare system in the southern part of the Strip
Gaza Health Ministry: Nasser Medical Complex in Khan Younis going out of service would lead to a humanitarian disaster with unpredictable consequences
Palestinian sources: Several displaced Palestinians were reportedly injured after being targeted by occupation forces while waiting for aid west of Rafah
Israeli media: A senior European Union official hinted that 'Israel' would be held accountable for violating international law in Gaza
Al-Qassam Brigades spokesperson Abu Obeida: The losses incurred by the occupation today in Khan Younis and Jabalia are an extension of a series of top-tier operations
Al Mayadeen's correspondent in South Lebanon: The invading Israeli force is digging a trench and erecting earthen berms, amid detected activity suggesting preparations to install espionage equipment
Al Mayadeen's correspondent in South Lebanon: An Israeli force breaches the "technical fence" in the Wazzani area
Israeli media: 4 Israeli soldiers killed in the Gaza Strip

Iran's steel output to reach record numbers by end of 2023

  • By Al Mayadeen English
  • Source: News websites
  • 17 Sep 2023 12:54
3 Min Read

Steel production in Iran continues to grow as officials expect the domestic production to reach 55 mt per year in 2025.

  • x
  • Iran's steel output continues to grow despite severe US sanctions.
    A worker cuts a steel roll at the Mobarakeh Steel Complex, southwest of Isfahan, Iran, on May 31, 2012 (AP)

A senior member of the Board of Directors of the Iranian Steel Producers Association (ISPA) has revealed that Iran's annual steel production capacity is set to achieve a target of 55 million tons (mt) by the year 2025.

Bahador Ehramian noted that this growth marks a significant increase, with Iran's steel output capacity having expanded by over sixfold within the past 20 years, currently expected to reach 45 mt per year.

Ehramian anticipates that Iran's steel output capacity will grow by more than 22% in the upcoming two years.

He emphasized that over half of Iran's current steel production is exported to foreign markets, and Iran aims to expand the locations it exports, given that domestic steel demand is expected to remain at around 20 mt per year in the coming years, leaving a large surplus for international trade.

Iran has witnessed a substantial surge in steel exports this year, driven by increased domestic production and the global supply shortages resulting from the war in Ukraine, as reported by Press TV.

Related News

White House reportedly pauses new US sanctions on Iran amid talks: WSJ

Diplomatic sources deny US reports about details of Iran-US deal

Read more: Iran completes South Pars Phase 11 four years ahead of schedule

Figures released by ISPA in early September indicated that Iran's exports of semi-finished steel had reached 3.093 mt in the first five months of the year, reflecting a 24.8% year-on-year increase.

Furthermore, Iran experienced a remarkable 15% surge in exports of steel sheets and long steel products from March to August this year compared to the corresponding period last year. In parallel, overseas shipments of sponge iron skyrocketed by an astounding 232%, reaching a substantial 0.708 million tons, as reported by data from the ISPA.

Remarkably, Iran's increased steel exports have persisted despite the challenges posed by unilateral US sanctions, which have restricted access to conventional banking services for both exporters and their foreign customers.

A report published by the World Steel Association (WSA) in early July, showed that Iran’s production of crude steel constitutes 70% of total steel production in the Middle East. 

Last year, Iran maintained its position as the 10th largest global steel producer, with a production of 30.6 million mt of crude steel. Additionally, the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO), under the Ministry of Industry, Mine and Trade, ranked 20th among the leading steelmaking companies worldwide.

Read more: Iran ranks 1st in crude steel production in the Middle East: Report

  • US sanctions on Iran
  • Steel Production
  • Iran

Most Read

Lebanon's PM Nawaf Salam meets with US envoy Morgan Ortagus in Beirut on April 5, 2025 (Dalati Nohra via AP)AP)

Morgan Ortagus to exit US role in Lebanon amid policy shift

  • Politics
  • 1 Jun 2025
A Palestinian woman mourns as she embraces the body of her daughter Mayar Abu Odeh, 8, who was killed in an Israeli army strike on Gaza. at Al-Shifa Hospital in Gaza City, Wednesday, June 4, 2025. (AP)

French port workers block arms shipment to 'Israel' amid Gaza genocide

  • Politics
  • 4 Jun 2025
It may well be due to the longstanding relationship between MI6 and HTS, via Inter Mediate, that Britain was the first Western country to recognise their assumption of government in Syria. (Al Mayadeen English; Illustrated by Zeinab El-Hajj)

How MI6 helped HTS seize Syria

  • Opinion
  • 31 May 2025
New Syrian group claims Golan strike, vows resistance to 'Israel'

New Syrian group claims Golan strike, vows resistance to 'Israel'

  • Politics
  • 4 Jun 2025

Coverage

All
War on Gaza

Read Next

All
https://english.almayadeen.net/news/politics/pentagon-chief--nato-likely-to-back-trump-s-5--defence-spend
Politics

Europe spent $3 trillion on defense, but got little in return - FT

Power, parties, and scandal: Trump’s ties to Epstein: Telegraph
Europe

Power, parties, and scandal: Trump’s ties to Epstein - The Telegraph

Eilat port as seen from the sea, occupied Palestine, March 12 2009 (wikimedia commons)
Politics

YAF operations forced 80% plunge in Eilat port revenues in 2024

EU backs International Criminal Court after US sanctions judges
Europe

EU backs International Criminal Court after US sanctions judges

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS