WSA: Iran records peak output expansion between world’s lead...| MENAFN.COM

Friday, 31 March 2023 03:05 GMT

WSA: Iran records peak output expansion between world’s leading steelmakers

(MENAFN) Iran’s crude steel output surged by eight percent last year when the output by the world’s leading 64 steelmakers decreased by 4.2 percent, as shown by the World Steel Association (WSA)’s most recent report.

According to the WSA figures, Iran was placed top between the glob’s leading steel manufactures in terms of output surge in the prior year, as reported by IRNA.

According to the report, Iran manufactured 30.6 million tons of crude steel in the stated year.

In the meantime, WSA mentioned that crude steel output by the world’s leading 64 producers declined by 4.2 percent to reach 1.787 billion last year.

Output by Europe’s main steel producers also decreased massively in 2023 so that Germany’s output fell by 8.4 percent, Italy saw a drop of 11.6 percent, France’s production lost 13.1 percent, Spain recorded a negative 19.2 percent growth as well as the UK a 15.6 percent decrease in steel output.


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