Friday, 26 August 2016

Iran has produced over 10 million tons of steel in the first 7 months of 2016

According to a report by the World Steel Association, Iran has produced over 10 million tons of steel in the first seven months of the year 2016. Iran’s steel production from January to July 2016 stood at 10.100 million tons indicating a growth of 4.7% compared with the same period last year, the latest report by the World Steel Association said. According to the report, Iran produced 9.645 million tons of steel in the first 7 months of 2015. The volume of steel produced in Iran in July amounted to 1.351 mln tons, which showed a 6.2 percent increase compared to the same month in 2015. 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 Khuzestan and Isfahan provinces.