Recent data reveals that steel output dropped by 5.7% in the first half of the year, reflecting the severe toll of limited access to power and energy resources. The ongoing supply constraints have brought many steel factories to the brink of shutdown, putting numerous indirect jobs in jeopardy. The summer’s frequent power outages alone resulted in notable losses in export markets, as delayed deliveries frustrated international buyers and led to a decline in foreign partnerships for Iranian firms.
in the global steel industry, Brazil has surpassed Iran to claim the position of the world’s ninth largest steel producer. This change reflects significant fluctuations in production capacities and growth strategies within both countries’ steel sectors. Brazil's advancement highlights its recent focus on expanding its steel production infrastructure and bolstering output, allowing it to edge past Iran in the rankings.
Iran, previously holding the ninth spot, has faced challenges in maintaining its growth trajectory in steel production. These include both economic constraints and evolving international market dynamics, which have impacted its output levels. Conversely, Brazil’s steel industry has capitalized on various growth opportunities, enhancing its production capabilities to meet rising demand both domestically and internationally.
The continued instability of energy supply remains a critical issue for the sector, raising concerns over its future sustainability and the economic implications of further disruptions in both domestic and export markets.
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