10,319.96 TRY BIST 100 BIST 100
4.49 CNY CNY CNY
34.99 EUR EUR EUR
32.25 USD USD USD
0.13 CNY CNY/EUR CNY/EUR
42.53 TRY Interest Interest
83.58 USD Fossil Oil Fossil Oil
29.64 USD Silver Silver
4.91 USD Copper Copper
117.33 USD Iron Ore Iron Ore
382.00 USD Ship Dismantling Ship Dismantling
2,467.82 TRY Gold (gr) Gold (gr)

Iran ranks seventh among the world's leading countries in crude steel production

According to the world crude steel production data for May, Iran ranked seventh among the world leaders in crude steel production.

Iran ranks seventh among the world's leading countries in crude steel production

As of May 2023, Iran has reached the seventh position among the world's top crude steel producers, with a production of 3.3 million tons. This represents a significant increase of 8.8% compared to the same period in the previous year when the production was 2.3 million tons. It's worth noting that China, India, and Japan have traditionally been dominant players in the global steel production industry, consistently ranking at the top. However, Iran's rise in the rankings demonstrates its growing significance in the steel production sector.

According to the data by the World Steel Association, crude steel production the combined crude steel production of 63 countries amounted to 161.6 million tons. This figure represents a decrease of 5.1% compared to March 2022. It is stated that Iran ranked seventh among the world leaders in crude steel production, with a total output of 3.3 million tons. This indicates that Iran has made significant progress in its steel production capabilities. In May 2023, it increased its crude steel production by 8.8% compared to the same period of the previous year, and it was observed that it reached 3.3 million tons from 2.3 million tons.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Makiivka Steel produced 89,359 tons of finished products in April

Thursday, May 16, 2024

Saudi pipelines secures dual deals with Aramco worth millions

Thursday, May 16, 2024

Major decline in the housing market: Sales are at their lowest point in 3 years

Friday, May 17, 2024

How the CEO of Emirates Steel Arkan is Transforming Leadership

Saturday, May 18, 2024

Taiwan's Feng Hsin keeps prices stable

Thursday, May 16, 2024
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now