2021-July-28 02:53
Economy
2021-July-17  19:50

Iran Ups Steel Exports by 128 Percent in 3 Months

TEHRAN (FNA)- Iran exported 2.78 million tons of finished and semi-finished steel products during the first quarter of the current Iranian calendar year (started March 21, 2021) and earmarked a growth of 128 percent.

The performance of some of the leading Iranian steel companies indicates that in June 2021 the companies exported 916,236 tons of steel, which indicates a growth of 104% compared to June 2020.

Khouzestan Steel Company had the best performance among these steel companies in the first quarter of the current Iranian calendar year (starting from March 21) with the export of 523,321 tons of blooms, billets, and slabs and recorded a growth of 92%.

Esfahan Steel Company too, with 315,844 tons export and growth of 75%, and Mobarakeh Steel Company with an export of 267,861 tons and growth of 325%  stood in the second and third-ranking.

Bloom, billets, slabs, wide sheets, alloy-engineering sections, rebars, sponge iron, and hot briquettes are the major steel products for exporting among Iranian steel companies.

In a relevant development earlier this month, the World Steel Association (worldsteel) announced that Iran had 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," it said.

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.