Iran’s steel output up 21% y/y in Jan-Feb: Worldsteel
Iran saw its steel production increase by more than a fifth in January and February compared to the same period in 2022, according to figures by World Steel Association (worldsteel).
Worldsteel figures covered in a Monday report by the official IRNA news agency showed that Iranian steelmakers had churned out some 5.1 million metric tons of steel over the first two months of this year, up 21.1% from January-February 2022.
Iran was the ninth largest global steel producer over January-February and recorded the largest year on year growth in output compared to leading steel producing nations of the world, the figures showed.
Iran, China and India were the only major steel producing countries that reported year on year increases in output in January-February. Others saw their output decline over the period with Turkey reporting the biggest hit with some 23% decrease in production.
Global steel production dropped by 0.8% over the first two months of this year compared to the same period last year, according to worldsteel figures.
Iran has introduced various measures to support its mining and metals sector since its oil exports came under American sanctions in 2018.
The measures have led to increased hard currency revenues for the government while enabling mines and metal factories across Iran to create tens of thousands of new jobs.
Raeisi attends inauguration of Iran-built mega multipurpose project in Sri Lanka
Iran releases details of confiscated Israeli transit cargo
Opportunities of 25-year partnership for Iran and China
Iran, Russia sign MoU to strengthen security cooperation
VIDEO | Iran marks defeat of US military operation in Tabas Desert
VIDEO | Press TV's news headlines
US troopers crack down on pro-Palestinian protests at University of Texas
VIDEO | German warship departs Red Sea as EU 'naval mission' fails
VIDEO | Palestinians inspect rubble of destroyed building in Rafah
Yemeni forces strike US, Israeli vessels in fresh pro-Palestinian operations
‘Say no to Biden’: US college being pressed not to endorse genocide
This makes it easy to access the Press TV website
