Globally, the speed of #steel_production cooled down in July. 156.89 million MT of #steel was produced in July (+1.9%) which in comparison with the first 7 month of 2019=1083 million MT (+4.5%) has reduced significantly.

#Iran by producing 2.2 million MT steel (+11.1%) in July seen an improvement in its steel production in comparison with the first 7 month of 2019 (14.988 million MT, +6.4%)

China’s #steel_output also ticked up 5% in July that is bearish in comparison with the 9% growth in the first 7 month of 2019.

#Sponge_iron_production of Iran was reported 2.475 million MT in July (+22.6%), second place in the world after #India which produced 2.65 million MT of sponge iron.