Iran ranks 1st in crude steel production in the Middle East: Report
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Iran maintains its position as the 10th largest global steel producer.
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An employee works at the Iran Alloy Steel Company's plant in the central Iranian city of Yazd, on April 6, 2015. (AFP)
A recent report by the World Steel Association (WSA) shows 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 tons 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.
Furthermore, the country's crude iron production reached 2.5 million tons, with 100,000 tons being exported to overseas markets.
Moreover, Iran achieved the status of the second-largest producer of sponge iron globally, manufacturing 125,100,000 tons in 2022.
Steel-producing nations in the Middle East, including Qatar, Saudi Arabia, and the United Arab Emirates, collectively produced a total of 18.7 million tons of steel, representing a 1.1% increase compared to the previous year.
Similarly, African countries such as Egypt, Libya, South Africa, and Tunisia witnessed a 2.6% growth, generating 2.6 million tons of steel in 2023.
This comes in light of a 1.2% decrease in the global production of steel.
Countries in Asia and Oceania, including Australia, China, India, Japan, Mongolia, New Zealand, Pakistan, South Korea, Taiwan, Thailand, and Vietnam, collectively produced 588.4 million tons of steel, reflecting a 0.7% increase.
The combined steel production of the 27 European Union countries reached a total of 56 million tons, experiencing a decline of 10.4% compared to the previous year.
In North America, steel production amounted to 45.9 million tons in 2023, registering a decline of 3.6%. In South America steel production amounted to 17.1 million tons of steel, witnessing a decline of 5.9%.
In Russia and other post-soviet countries steel production amounted to 36.9 million tons of steel, indicating a decrease of 3.8%.
