- Iranians holding Ashura mourning for Imam Hussein
- Third step: Iran officially informs EU of plan to expand nuclear R&D
- Iran expands nuclear R&D program: Rouhani
- Iran goes ahead in space tech, despite US sanctions: ISA
- Resistance Front undermining Israeli regime power: Top commander
- Iran: 7 crew members of detained UK ship freed
- US addiction to sanction threaten its power: Iran’s Zarif
- Dutch role in 2007 Stuxnet attack on Iran’s nuclear site under scrutiny: Iraian FM Spox.
- Iran: ‘Sustainable Security 2019’ kicks off in Caspian Sea
- Iran’s Zarif leaves Tehran for Moscow
- Shiraz University ranked 1st in liver transplantation: Iranian health official
- Japan’s Abe to meet Iran’s president to discuss easing tension in region
- Downing of US spy drone shattered war threats against Iran: Top IRGC commander
- IAEO head reports development of first ion-therapy hospital in west of Asia
- Iranian Taekwondo team wins 2019 World Cup championship
- US sanctions failed to force Iran to buckle: Report
- Crew fixing Iran oil tanker broken down in Red Sea
- As Iranians hold nerves, US seeks to scare off trade
- Leader expresses concern about Kashmir, urges India to follow fair policy toward Muslim-majority region
- Iran saffron exports down due to smuggling, government restrictions: Exporter
- Iran FM warns US against ‘serious miscalculation’ in Persian Gulf
- Iran’s resistance policy led to release of oil tanker: MP
- Iran in reverse brain drain as top students come home in rising numbers
- Iran official calls for compensation for tanker seizure
- Iran hails N Korea for standing against ‘unilateral’ US demands
- Shia Muslims celebrate Eid Al-Ghadir
- North Korea praises Iran’s anti-US struggle
- Zarif says to meet French president Friday
- Iranian court hearing case of UK oil tanker
- Over half of Japanese voters oppose joining US-led anti-Iran coalition in Persian Gulf: Poll
- IME trade ups by 21 percent in July
- Finland backs INSTEX in defiance of US
- US anti-Iran policy in high seas harms Europeans: LA Times
- Iran, China confer on Syria
- Iran, Finland share views on Persian Gulf dialogue forum: Zarif
- Iran warns US against seizure of oil tanker
- Iraq eager to benefit from Iranian Police’s experience
- Iran planning 3rd step to reduce nuclear commitments: Spokesman
- Leader grants clemency to over 1,000 Iranian inmates
- Registration for Arbaeen Pilgrimage to begin in Iran on Friday
- Iran, Iraq agree to reopen Khosravi border crossing
- Iran deplores suicide attack at Kabul wedding hall
- Iran to hold int'l hand-woven carpets expo
- Zarif meets with Iran-Kuwait Friendship Group members
- Adrian Darya oil tanker not under any sanctions, says Iran envoy
- ‘Iran to stay in nuclear deal as long as its interests are met’
- India envoy happy with positive trend of trade with Iran
- Iran’s annual export of white meat tops 2.5m tons: Minister
- Iranian scientist discovers new state of matter
- Iran, Japan diplomats discuss bilateral ties
- Iran, Ansarullah, European representatives Yemen developments
- ‘Iran to become self-sufficient in producing aircraft engines'
- US issues seizure warrant for Iranian supertanker 'Grace 1'
- Neanderthal tooth unearthed near Iran’s Zagros mountain
- Iran’s Zarif due in Kuwait on Saturday
- US faces humiliating defeat after Gibraltar releases Iranian tanker: Envoy
- Spokesman rejects claim on Iran’s commitment in exchange for tanker release
- Zarif reacts to release of Iranian tanker in Gibraltar
- Israel, UAE engaged in secret talks on Iran arranged by US: Report
- US threatens visa ban as Iranian-operated tanker sets to sail from Gibraltar
- Enemies must factor Iran's global power in their calculations: IRGC's chief commander
- Trump’s administration conflicting messages to Iran baffle go-betweens: Report
- Gibraltar releases Iran-operated tanker despite US pressure
TEHRAN, September 23 - Iran’s steel mills produced 13.44 million tons of steel from the beginning of January this year up to the end of August, registering a 15.7% growth compared with last year's corresponding period, the latest report released by World Steel Association shows.
TEHRAN, Young Journalists Club (YJC) - The report shows Iran’s crude steel output in August stood at 1.7 million tons, indicating a 15.1% rise compared to last year’s corresponding month.
Similar to July, this is the second fastest growth among all producers of more than 1 million tons per month, after France with 15.5% growth in August. Considering all producers regardless of output, Iran is ranked 13th in term of fastest growth.
Iran produced 11.68 million tons of direct-reduced iron during the eight months, up 11.2% year-on-year, to remain the world’s largest producer of DRI. The August output was up 6.31% to 1.43 million tons.
DRI, also called sponge iron, is produced from the direct reduction of iron ore to iron by a reducing gas made from natural gas or coal. It is most commonly made into steel using electric arc furnaces. About 70-75% of Iranian mills use EAFs.
The world’s 67 steelmakers produced 1.21 billion tons of crude steel during the eight months, up 4.9% YOY.
Global crude steel output stood at 143.58 million tons in August, indicating a 6.3% increase YOY.
WSA members account for approximately 85% of the world's steel production, including over 160 steel producers with nine of the 10 largest steel companies, national and regional steel industry associations, and steel research institutes.
Global producers seem intent on boosting production, as most steelmakers recorded a higher output in August compared to July.
The crude steel capacity utilization ratio of the 67 countries in August 2017 was 7.2%. This is 3.3% higher than August 2016. Compared to July 2017, it is 0.2% points lower.
China’s steel production hit 74.59 million tons in August, registering an 8.7% increase YOY. The giant steelmaker has been growing in output every month and has now topped its July growth by 3.6% points.
Brazil, the United States, Germany, France, South Korea, Taiwan and Turkey also recorded upticks in their steel production.
China remained the world’s largest producer in the eight-month period with 566.4 million tons of steel output. It was followed by Japan with 69.64 million tons, India with 66.45 million tons, the United States with 54.7 million tons, South Korea with 47.01 million tons, Russia with 46.52 million tons, Germany with 29.36 million tons, Turkey with 24.74 million tons, Brazil with 22.5 million tons, Italy with 15.58 million tons, Taiwan with 15.51 million tons and Ukraine with 14.11 million tons.
Iran remained the world’s 14th largest steelmaker and was placed between Mexico (13th) with an 13.5 million ton output and France (15th) with 10.4 million tons, Financial Tribune reported.
Iran’s crude steel output stood at 17.89 million tons in 2016, according to WSA. The country aims to become the world’s sixth largest steel producer as per the 20-Year Vision Plan, which targets an annual production of 55 million tons of crude steel and 20-25 million tons of exports per year by 2025. Iranian steel mills have so far realized more than 60% of the capacity target.
One of the main challenges to the target’s realization is the lack of balance in Iran’s steel production chain. The country will require 168 million tons of iron ore, 86 million tons of concentrate, 87 million tons of pellet and 57 million tons of DRI by 2025. Shortages of all the materials still loom large.
As data by Iron & Steel Society of Iran show, there is at least an imbalance of 2-3 million tons between the nominal capacities of different links of steel production chain and an even greater disparity in output.
The steel industry might be sprinting to the 55-million-ton target, but it will need to bring different sectors up to speed before it can materialize its goal.
Your Comment