Iranian Steelmakers Register 20% Growth in Output in Jan.
Iranian mills produced a total of 2.8 million tons of crude steel in January 2022, registering a 20.3% growth compared with the corresponding period of last year, according to latest data released by the World Steel Association.
As a result, Iran maintained its global standing as the world’s 10th biggest crude steelmaker.
China was the world’s largest producer during the period with 81.7 million tons of steel output, down 11.2% YOY. It was followed by India with 10.8 million tons (up 4.7%), Japan with 7.8 million tons (down 2.1%), the United States with 7.3 million tons (up 4.2%), Russia with 6.6 million tons (up 3.3%), South Korea with 6 million tons (down 1%), Germany with 3.3 million tons (down 1.4%) and Turkey with 3.2 million tons (down 7.8%).
Iran is placed after Brazil (ninth) with 2.9 million tons (down 4.8% YOY).
The world’s 64 steelmakers produced 155 million tons of steel in the month under review, down 6.1% YOY. Countries located in Asia and Oceania collectively produced 111.7 million tons of the total.
The Middle East produced 3.9 million tons of crude steel in the period, posting an increase of 16.1% compared with the same period of last year.
Crude steel is defined as steel in its first solid (or usable) form: ingots and semi-finished products (billets, blooms and slabs). This is not to be confused with liquid steel, which is steel poured.
The World Steel Association is one of the largest and most dynamic industrial associations, with members in every major steel-producing country.
Worldsteel represents steel producers, national and regional steel industry associations and steel research institutes. Members represent around 85% of global steel production.
The 64 countries included in this table produce 85% of global steel.
Iranian steel mills produced a total of 28.5 million tons of crude steel in 2021, registering a 1.8% decline compared with 2020.
Iran’s December output, though, hit 2.8 million tons, up 15.1% year-on-year.
The world’s 64 steelmakers produced 1.91 billion tons of steel in the year under review, up 3.6% YOY. Countries located in Asia and Oceania collectively produced 1.38 billion tons of the total.
The Middle East produced 41.2 million tons of crude steel in the period, posting an increase of 1.2% compared with the same period of last year.
Global steel output also experienced a 3% decline in December to 158.7 million tons.
Crude Steel Production Capacity
The installed capacity of crude steel production in Iran has exceeded 40 million tons per year, according to Deputy Industries Minister Vajiollah Jafari.
“The annual production of steel ingots has exceeded 30 million tons,” Jafari was also quoted as saying by IRNA during the 8th Steelprice Conference held recently.
“The installed capacity in the domestic steel industry is about 36 million tons of direct reduced iron, 66.7 million tons of pellets and 62.7 million tons of [iron ore] concentrate, but still we are facing problems in supplying raw materials,” he added.
The official noted that the target capacity of 55 million tons of steel ingots is expected to be achieved in the fiscal 2025-26, of which 40 million tons have been realized and 7 million tons will be added in the current fiscal year (March 2021-22).
Jafari noted that $21.5 billion have been earmarked for the steel industry, of which $19 billion have been allocated.
Electricity required by the steel industry is at 8,000-9,000 megawatts, of which 6,000 megawatts are currently in use and a further 12,500 megawatts are required for development projects.
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