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.
Iran reports slight increase in mining sector exports in April-October
Immunity of Iran’s shipping industry to illegal sanctions
Iran parliament committee approves to lower car import tariffs
VIDEO | Jordanians continue rallies to denounce Israeli genocide in Gaza, Lebanon
6 Israeli soldiers commit suicide: Reports
Diplomat discourages recourse to pressure, intimidation, confrontation against Iran
UN: 2024 deadliest year for aid workers amid genocide in Gaza
Gaza health official warns of hospital shutdowns within 48 hours
Israel kills 5 more paramedics in southern Lebanon: Health ministry
Iran to launch ‘new, advanced’ centrifuges in response to IAEA resolution: AEOI
Yemen fires hypersonic missile at Israeli airbase
PressTV NEWSLETTER
now
This makes it easy to access the Press TV website
