According to the latest World steel data, Iran’s mills produced 17.9 million tons of crude steel from the January to the October, up 20.9% over the same period of last year. World steel data also showed that Iran’s crude steel output in October rose 24.2% year on year, reaching the estimated 1.98 million tons.
Iran’s steel market is in a period of rapid growth. During the past 10 months, Iran’s monthly crude steel production increased by more than 1 million tons, surpassing the neighboring countries Turkey and European rival France. Regardless of the output of specific mills, Iran’s crude steel output growth in the first 10 months of the year ranks 10th in the world and its crude steel output growth rate in October ranks 15th.
The world’s largest steel producer China from January to October crude steel production of 705.5 million tons. China’s monthly output has increased. China’s crude steel output in October was 72.36 million tons, up 6.1% year on year.