News ID: 275760
Published: 0326 GMT October 20, 2020

Iran’s six-month sponge iron output surpassed 15.5m tons: ISPA

Iran’s six-month sponge iron output surpassed 15.5m tons: ISPA
MORTEZA AMINOROAYAYI/IRNA

Domestic Economy Desk

Iran’s production of sponge iron during the first half of the current calendar year (March 20-September 21) reached 15.56 million tons, indicating a 10 percent growth year-on-year.

According to statistics by the Iranian Steel Producers Association (ISPA), the figure stood at 14.18 million tons during the same period last year, IRNA reported.

Iran plans to increase its annual production of sponge iron and steel to 45 million tons and 55 million tons respectively by 2025.

Figures show that in the year to March 2018, the nominal capacity of Iranian sponge iron production units stood at 32.6 million tons per year, while their actual annual output amounted to 26.3 million tons.

 

Exports

 

During March 20-August 21, Iran exported 169,000 tons of sponge iron. The figure indicates a 68 percent decline compared to that of the same period last year, which stood at 526,000 tons.

Experts maintain that the drop in the metal’s overseas sales is due to domestic production units’ efforts and plans to achieve the output target by 2025.

During the year to March 19, Iran exported 942,000 tons of sponge iron. Last year’s overseas sales of the metal showed a 77 percent rise against that of the preceding year, which amounted to 533,000 tons.

Iran’s sponge iron production during the previous year stood at 27.9 million tons, showing a growth of six percent compared to the figure for the preceding year, which was 26.35 million tons.

The increase in the country’s sponge iron output is an outcome of activating a larger number of provincial steel plants, a project that started in 2013.

In addition, ISPA statistics show that Iran’s apparent consumption of sponge iron in the year to March 2019 surpassed 26.96 million tons, up by four percent year-on-year. The figure stood at 25.96 million tons in the 12-month period to March 2018.

Also, the country’s production of steel ingots during March 20-September 21 reached 14.39 million tons, indicating a year-on-year growth of 10 percent, according to ISPA.

In the same period of the preceding year, the figure stood at 13.89 million tons.

During the six-month period to September 21, 2020, Iran produced 8.63 million tons of steel blooms and billets as well as 5.75 million tons of steel slabs, with the figures showing year-on-year growths of 13 percent and six percent respectively.

In the same time span last year, the figures stood at 7.67 million tons (billets and blooms) and 5.41 (slabs).

In addition, this year, the country produced over 11 million tons of steel products, indicating an eight percent increase compared to the figure for the same duration last year, which stood at 10.17 million tons.

Figures released by the World Steel Association (WSA) on August 24 showed that Iranian steelmakers produced over 16.2 million tons of crude steel during the first seven of 2020, marking a 10.7 percent rise compared to the figure for the same time span of 2019, which was 14.6 million tons.

Iran produced 2.3 million tons of crude steel in July, showing a 14.3 percent increase compared to the figure for the same month of 2019, which stood at 2.04 million tons.

Iran produced 31.9 million tons of crude steel in 2019, according to the WSA figures released in January.

The country plans to increase its steel exports to between 10 million tons and 15 million tons per year by 2025.

 

   
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Resource: IRNA
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