Iran’s crude steel output rises: World Steel Association

Iran’s 10-month crude steel output rises 10%: WSA.

The World Steel Association has reported that Iran’s crude steel output in the first 10 months of the current year rose around 10 percent compared with the same period last year, reaching 10.9 million tons.
The report added that the world’s steel output grew by 6.2 percent in October compared with the same month last year, reaching 124 million tons, the ISNA news agency reported. China was the top steel producer in October with 54.7 million tons of output, the report said.

According to the World Steel Association, Iran was the second leading steel producer in the Middle East in 2010 after Turkey.
Iran also ranked 7th among the Asian producers.
Iran will become one of the world’s main steel exporters by March 2016, Industry, Mine and Trade Minister Mehdi Ghazanfari said in May.
Iran plans to reach the production capacity of 42 million tons per year by the end of the Fifth Five-Year Socio-Economic Development Plan (March 2016).
According to Ghazanfari, the nation’s steel production capacity is currently 19 million tons annually.