Report: Iran Ranks 10th as Biggest Producer of Crude Steel Globally in 2018

Published January 27th, 2019 - 08:01 GMT
Iran’s crude steel industry has remained in good shape despite the US sanctions, and managed to push aside Italy, Taiwan and Ukraine to take the 10th place among the world’s producers of crude steel. (Shutterstock)
Iran’s crude steel industry has remained in good shape despite the US sanctions, and managed to push aside Italy, Taiwan and Ukraine to take the 10th place among the world’s producers of crude steel. (Shutterstock)

In its latest report, the World Steel Association has put the global crude steel production for the year 2018 at 1,808.6 million tonnes (Mt), which shows a 4.6% increase compared to 2017.

According to the report, Iran’s crude steel industry has remained in good shape despite the US sanctions, and managed to push aside Italy, Taiwan and Ukraine to take the 10th place among the world’s producers of crude steel.

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Iran produced 25.0 Mt in 2018, showing a 17.7% increase compared to 2017 (21.2 Mt).

Iran’s share of global crude steel production has been estimated at 1.38% for the year 2018.

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