Steel Output Increases by 9.2% to 12.5 Million Tons

EghtesadOnline: Iranian steel mills produced a total of 12.5 million tons of crude steel in the first five months of 2021, which indicate a 9.2% rise compared with the corresponding period in 2020.

News ID: ۷۸۶۵۱۱

27 June 2021

As per the latest report released by the World Steel Association, Iran's May output amounted to 2.6 million tons, up 7.7% year-on-year.

The report ranks Iran the world’s 10th biggest crude steel producer. China was the world’s largest crude steel producer in the five-month period with 473.1 million tons of steel output, up 13.9% YOY.

It was followed by India with 48.6 million tons (up 33.6%), Japan with 40 million tons (up 9.1%), the United States with 34.8 million tons (up 10.6%), Russia with 31.9 million tons (up 7.9%), South Korea with 29.3 million tons (up 6.9%), Germany with 17 million tons (up 13.6%) and Turkey with 16.3 million tons (up 21.2%).

Iran is placed after Brazil (ninth) with 14.9 million tons, 20.3% higher than the corresponding period of 2020.

The world’s 64 steelmakers produced a total of 837.5 million tons of steel over the five months under review, up 14.5% YOY. States located in Asia and Oceania collectively produced 616.5 million tons of the total.

The Middle East produced 17.8 million tons of crude steel in the five months under review, posting an increase of 8.1% compared with the same period of last year.

Global steel output also experienced a 16.5% growth in May to 174.4 million tons.

World's major steel producers seem to have recovered their output in 2021, after the global closure of businesses and disruption in industrial operations, as the result of Covid-19 spread in early 2019.

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 industry associations in the world, 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 represent 85% of global steel production.

Iranian steel mills produced a total of 29.02 million tons of crude steel in 2020, which indicate a 13.35% rise compared with 2019, the highest growth in output in the list of the world's top 10 producers.

Located in southwestern Isfahan, Mobarakeh Steel Company is the biggest steel producer in Iran and the Middle East and North Africa region.