TEHRAN – Iran’s crude steel output rose 9 percent in the past Iranian calendar year 1392, which ended on March 20, 2014, compared to the year before.
Iran produced 15.64 million tons of crude steel last year, according to the Mehr News Agency.
Iran’s crude steel production reached 14.89 million tons in the Iranian calendar year, which ended in March 2013.
According to officials, the output is projected to increase to 55 million tons by the end of the Fifth Five-Year Development Plan (2015).
Iran was the biggest producer of crude steel in the Middle East in 2013, according to the World Steel Association.
World crude steel production in 2013 amounted to 1.607 billion tons, an increase of 3.5 percent compared to 2012.
China, Japan, and the U.S. were the three biggest crude steel producers in 2013, with 779 million tons, 110 million tons, and 87 million tons of output, respectively.
On January 5, Iranian deputy industry minister Mohammad-Jafar Sarqini said Iran has liberalized exports of steel products until the end of spring in a bid to give an incentive to domestic producers.
Sarqini told IRNA that exports of steel products and ingots will be unlimitedly free till the end of Khordad month (June 21).