TEHRAN-- Iran is ranked ninth amongst the worlds leading steel-producing nations, rising one location in the list of the worlds top steel-makers, according to the World Steel Association.As reported by the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO), based on the WSA information the Islamic Republic produced 2.7 million lots of steel in the very first month of 2023.

The figure reveals a 27.7 percent walking compared to the matching month of the preceding year.As reported, the worlds top steel-producing countries produced 145.3 million lots of unrefined steel in January to register a 3.3-percent decline, year-on-year.

During the mentioned month, China produced 79.5 million heaps, becoming the top steelmaking nation in the world.India produced 10.5 million, ranking second, followed by Japan with the production of 7.2 million tons of crude steel.The Iranian Steel industry has actually been constantly establishing over the past years versus all the pressures and obstacles created by outside forces like the U.S.

sanctions and the coronavirus outbreak that has badly affected the efficiency of the worlds top producers.Earlier this month, the WSA reported that Irans unrefined steel production increased by eight percent in 2022 when the production by the worlds top 64 steelmakers decreased by 4.2 percent.Iran was ranked initially among the worlds top steel producers in terms of production development in the previous year.Based on the WSA information, Iran produced 30.6 million lots of unrefined steel in the mentioned year.Meanwhile, WSA specified that unrefined steel production by the worlds top 64 producers fell 4.2 percent to stand at 1.787 billion in 2022.

Production by Europes significant steel producers also declined substantially last year so that Germanys production declined by 8.4 percent, Italy experienced unfavorable growth of 11.6 percent, Frances output declined by 13.1 percent, Spain signed up an unfavorable 19.2 percent growth and the UK a 15.6 percent decline in steel production.According to the World Steel Association, Iran was the worlds 10th leading steel manufacturer over the previous two years, after nations like China, India, Japan, and Russia.The nation is anticipated to reach seventh place amongst the worlds leading steel producers by the Iranian calendar year 1404 (March 2025).

EF/MA