Steel Ingot Production by Major Producers at 11.9m Tons in 7 Months

Steel Ingot Production by Major Producers at 11.9m Tons in 7 Months

Production of steel ingot by Iran’s major producers reached to 11.923 million tons during the first seven months of the current Iranian year.
Annual production of steel ingot in Iran is predicted to rise to 28 million tons in the current Iranian year from 25 million tons in the past year.
Iran's steel production capacity is projected to reach around 40 million tons this year with crude steel production reaching between 25 and 27 million tons. The country’s crude steel production capacity will increase by 25 million tons within the next four years.
According to the World Steel Organization (WSO), Iran became the world’s tenth largest steel producer in 2018. The country is expected to become the world’s seventh biggest steel producer by 2021, reaching 55 million tons of steel capacity.