Iran's steel output rose 27.6% year-on-year

According to the May 27 news from the Financial Tribune, the latest report released by the World Steel Association shows that in the first four months of this year, Iranian steel mills produced a total of 812 million tons of crude steel, an increase of 27.6% compared with the same period of last year.

The country’s steel output for the month of April rose by 12.4% year-on-year to 1.95 million tons.

Iran is currently the 11th largest steel producer in the world. The country is ranked between 10th in Italy and 12th in Mexico. The cumulative production of crude steel in the same period this year was 8.48 million tons and 6.99 million tons respectively.

In the first four months of this year, 64 steel producing countries worldwide produced 575 million tons of steel, up 4% year-on-year.

In April, global steel production was 148 million tons, an increase of 4.1% year-on-year.