{"id":6722,"date":"2022-02-27T06:48:18","date_gmt":"2022-02-27T06:48:18","guid":{"rendered":"https:\/\/en.azpar.com\/?p=6722"},"modified":"2022-02-27T06:48:18","modified_gmt":"2022-02-27T06:48:18","slug":"iranian-steelmakers-register-20-growth-in-output-in-jan","status":"publish","type":"post","link":"https:\/\/en.azpar.com\/?p=6722","title":{"rendered":"Iranian Steelmakers Register 20% Growth in Output in Jan."},"content":{"rendered":"

I<\/span>ranian 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.<\/p>\n

As a result, Iran maintained its global standing as the world\u2019s 10th biggest crude steelmaker.<\/p>\n

China was the world\u2019s 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%).<\/p>\n

Iran is placed after Brazil (ninth) with 2.9 million tons (down 4.8% YOY).<\/p>\n

The world\u2019s 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.<\/p>\n

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.<\/p>\n

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.<\/p>\n

The World Steel Association is one of the largest and most dynamic industrial associations, with members in every major steel-producing country.<\/p>\n

Worldsteel represents steel producers, national and regional steel industry associations and steel research institutes. Members represent around 85% of global steel production.<\/p>\n

The 64 countries included in this table produce 85% of global steel.<\/p>\n

Iranian steel mills produced a total of 28.5 million tons of crude steel in 2021, registering a 1.8% decline compared with 2020.<\/p>\n

Iran’s December output, though, hit 2.8 million tons, up 15.1% year-on-year.<\/p>\n

The world\u2019s 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.<\/p>\n

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.<\/p>\n

Global steel output also experienced a 3% decline in December to 158.7 million tons.<\/p>\n

Crude Steel Production Capacity<\/h2>\n

The installed capacity of crude steel production in Iran has exceeded 40 million tons per year, according to Deputy Industries Minister Vajiollah Jafari.<\/p>\n

\u201cThe annual production of steel ingots has exceeded 30 million tons,\u201d Jafari was also quoted as saying by IRNA during the 8th Steelprice Conference held recently.<\/p>\n

\u201cThe 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,\u201d he added.<\/p>\n

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).<\/p>\n

Jafari noted that $21.5 billion have been earmarked for the steel industry, of which $19 billion have been allocated.<\/p>\n

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.<\/p>\n

To see the source click\u00a0here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

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\u2019s 10th biggest crude steelmaker. China was the […]<\/p>\n","protected":false},"author":4,"featured_media":6723,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-6722","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-news"],"_links":{"self":[{"href":"https:\/\/en.azpar.com\/index.php?rest_route=\/wp\/v2\/posts\/6722","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/en.azpar.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/en.azpar.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/en.azpar.com\/index.php?rest_route=\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/en.azpar.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6722"}],"version-history":[{"count":1,"href":"https:\/\/en.azpar.com\/index.php?rest_route=\/wp\/v2\/posts\/6722\/revisions"}],"predecessor-version":[{"id":6724,"href":"https:\/\/en.azpar.com\/index.php?rest_route=\/wp\/v2\/posts\/6722\/revisions\/6724"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/en.azpar.com\/index.php?rest_route=\/wp\/v2\/media\/6723"}],"wp:attachment":[{"href":"https:\/\/en.azpar.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6722"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/en.azpar.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6722"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/en.azpar.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6722"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}