About 8,539,776 MT of steel ingot were manufactured by major steel production plants in Iran in the first five months of the current year (March 21 – August 21), indicating a 4% percent hike as compared to the same period last year.
Major steel production complexes manufactured 1,676,592 MT of steel ingot in the last month of the current year (July 21 – August 21), registering a 3% growth as compared to the same period last year.
Moreover, 5,834,501 MT of steel products were manufactured in the first five months of the current year (March 21 – August 21), recording a 9% hike as compared to the last year’s corresponding period.
According to the statistics of the Ministry of Industry, Mine and Trade, 8,055,100 MT of crude steel were produced in the first four months of the current year (March 21 – July 21), showing a 7.1% growth as compared to the last year’s corresponding period.
It is predicted that steel production capacity of the country will hit about 40 million MT by the year end (March 20, 2020).