2021-July-28 02:51
Economy
2021-July-13  16:27

Iran Stands as World's 10th Steelmaker, 2nd Sponge Iron Producer

TEHRAN (FNA)- Iran ranked among top 10 steelmakers in the world and the second-largest producer of sponge iron.

"With the production of 29 million tons of crude steel in 2020, Iran was able to become the tenth top steelmaker in the world," the World Steel Association (worldsteel) announced.

According to the report, Iran was able to continue to be the top producer of sponge iron in the Middle East and the second largest producer in the world in 2020 with the production of 30.2 million tons of sponge iron, indicating an increase as compared to the year before in 2019 which total production of Iran was 28.5 million tons.

Total global production of sponge iron was recorded to be 106 million tons. India, with a production of 33.6 million tons of the product, continued to be the world's largest producer of sponge iron.

It pointed out that the overall steel production last year marked 1.87 billion tons.

China became the world's top steelmaker after producing 1.65 billion tons. India and Japan also ranked second and third in the world with 1.3 million tons and 83 million tons of crude steel, respectively.