Iran steel output rises 34.1% yr/yr in July: WorldSteel

Iran’s crude steel production in July rose 34.1% from a year earlier to 2 million metric tons (mt), World Steel Association data shows.

The figures cited in a Thursday report by the Iranian Steel Producers Association showed that Iran’s steel output in the seven months to July had reached a total of 17.4 million mt, up 3.7% from the same period last year.

That came as global steel output fell by 5.4% in January-July to reach 1,102.3 million mt, according to the same figures which indicated that largest producer China also saw its output decline by 6.4% to 609.3 million mt over the same period.

Global production in July fell by 6.5% from last year to stand at 149.3 million mt, showed the figures.

An analysis published in the Islamic Republic News Agency (IRNA) said that a major surge in Iranian steel output in July was mainly a result of a stable electricity supply provided to plants in the country in the early summer.

Iranian steel producers faced lengthy and recurrent power cuts last year mainly because of a surge in electricity demand in the country’s business and household sectors.

SS