Production of crude steel in Iran has risen 14.1 percent in March 2020 from March 2019, Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO)announced citing the data indicated in the World Steel Association (WSA)\u2019s latest report.<\/p>\n\n\n\n
The WSA\u2019s report, which is on steel production by 64 countries, put Iran<\/strong><\/a>\u2019s steel output at over 2.8 million tons in March, IRNA reported.<\/p>\n\n\n\n The report also says that crude steel production by the 64 producers has fallen 1.3 percent during the first quarter of this year from the same time span in the past year.<\/p>\n\n\n\n Production by China<\/strong><\/a>, the world\u2019s largest steel producer, dropped 1.7 percent in March, while rising 1.2 percent in the first quarter on an annual basis, the same report confirmed.<\/p>\n\n\n\n Iran\u2019s monthly performance was reported as being prominent in the region, as its rival Turkey could achieve a growth of just 4.1 percent in March.<\/p>\n\n\n\n WSA has previously announced that Iran\u2019s crude steel production climbed 30 percent in 2019 while the average global growth in this sector stood at 3.5 percent.<\/p>\n\n\n\n According to the global organization, Iran produced 31.9 million tons of crude steel in 2019, while the figure was 24 million tons in 2018.<\/p>\n\n\n\n The data and reports released by Iranian organizations also show that the country\u2019s steel sector is still experiencing growth in output and export despite the U.S. sanctions.<\/p>\n\n\n\n
The WSA\u2019s report, put Iran<\/strong><\/a>\u2019s steel output at over 2.8 million tons in March.<\/figcaption><\/figure>\n\n\n\n