In its latest monthly report, the World Steel Association has reached 18.6 million tons of Iranian crude steel production in the first eight months of 2020 with a growth of more than 11 percent. This growth comes as the United States imposed sanctions on Iran’s metals sector, including steel, in May 2019, adding billions of dollars to the country’s coffers. In this memo, we will reveal the latest developments in the Iranian steel sector, according to reports from domestic organizations and the World Steel Association. Therefore, if you are looking for the latest statistics on the production and export of Iranian steel, be with Artan Press.
*** Iran Steel Production Report
According to the Trade and Development Organization of Iran, exports of iron and its alloys reached about $ 3.9 billion and copper products about $ 700 million in 2018. Iran has also exported more than $ 840 million worth of iron ore. However, Iran has not released details of its exports since the beginning of last year, and the current state of these exports is unclear.
*** Lack of transparency in steel reports of countries
The World Steel Association says many of this month’s figures are estimates that could be revised with next month’s production update, due to ongoing problems presented by Iranian traders due to business disruptions caused by the Corona virus. Be. This causes the minimum of Iran’s production and export data to be published, and the main reason for Iran’s economic decline in international reports has been the lack of transparency and doubts in the computational data in 2020.
*** Evaluating the growth of Iran’s crude steel production
Iran’s Ministry of Industry, Mines and Trade released a monthly report last Thursday showing the country’s crude steel production in the first five months of the solar year (beginning of the calendar, which is March 20 as the base year for steel financial calculations). With the same period last year increased by 8%.
It is necessary to explain that if we consider the lack of transparency and minimums, this number can grow up to 20%, which is a change in crude steel production in Iran. Last year, the figure had risen to 11.4 million tonnes. Production of steel products also increased by nearly 7% to about 9.5 million tons. This is an important step in preventing the sale of raw materials because it can reduce the sale of raw materials to less than half of what it is in the current situation in four years.
*** Successful performance of Iran Steel
In order to have a better view of the successful performance of Iranian steel, it is enough to review the report of the World Steel Association for other countries and its global prospects. Global production fell 4.2 percent to nearly 1.2 billion tonnes in the first eight months of this year, according to the association, according to the association. Production in August was still lower than in August last year, indicating a sharp drop in global production, but in Iran the situation is different and the steel industry has been able to improve its production process with the best performance and despite severe international sanctions. Keep on the ascending path.
*** The main reason for the growth of Iran’s crude steel exports
This growth is a result of the increase in Chinese steel production following the reduction of corona virus quarantine restrictions last month. China is the world’s leading steelmaker with 94.8 million tonnes of crude steel in August 2020, up 8.4% from August 2019. China accounts for more than half of the world’s crude steel production. And has the highest demand for crude steel in the world. The production structure of this country has made the situation very attractive and profitable for steel exporting countries.
*** Study of the World Steel Association on the production of crude steel in Iran and the world
According to the World Steel Association, global crude steel production was reported for 64 countries, bringing the total to 156.2 million tonnes in August 2020, up 0.6% from August last year. Crude steel production in Iran had started its growing trend since 2019. Iran’s crude steel production also increased by 30% in 2019, while the average global growth in this sector was 3.5%. Therefore, the growth of steel production in Iran this year was an issue that was established in 2019 and there was practically a customer for Iranian steel products, and this issue encouraged Iranian artisans to produce.
*** Iran is the tenth largest steel producer
According to the World Steel Association, in 2018 Iran became the tenth largest steel producer in the world. Last month, a board member of the Iranian Steel Producers Association said in his analysis that Iran could export 15 million tons of steel a year.
*** Mega projects of Iran’s steel industry
In the 11 months to February this year, the Iranian Ministry of Industry, Mines and Trade launched five steel projects with a total investment of 21.39 trillion rials ($ 133 million). Two projects became operational in Isfahan province, while the rest are being planned and secured.
Lorestan, Fars and Khuzestan provinces are the main areas for these projects. New projects related to the production of pipes and profiles, steel sheets, iron ingots and steel using the latest methods in the world in production are considered to have created a total of 1000 jobs and are expected in Create over 10,000 jobs in the future.
*** Pars Steel Factory, the beating heart of Iranian crude steel
Pars Steel Factory located in Haft Tappeh, Khuzestan Province, is one of these five successful projects. The production capacity of 100,000 tons of steel ingots per year in the first stage of its development is part of the record of this factory The € ۵ million investment from the National Development Fund of Iran became an operation that will play a key role in Iran’s crude steel production.
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