IRON and STEEL
Iran ranked 3rd globally in 2020 in terms of steel production growth as it produced over 29 million tons of the metal despite US sanctions.
Iran produced more than 29 million tons of steel in 2020, so that the country stood at the third rank of growth in the strategic metal’s production after Uzbekistan and Moldova.
However, Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) reported that the country has become the 10th steelmaker in the world.
A total of 64 steel producing countries, as members of World Steel Association (WSA), produced 1.830 billion tons of steel in 2020.
Iran produced 29.30 million tons of steel in 2020, showing a 13.4 percent growth as compared to the previous year (25.6 million tons).
In a relevant report in December, IMIDRO announced that Iran’s steel production has increased 13% over the 11 months of 2020, while global steel production recorded a 1.3% drop during this period.
An Iranian economic official said on Friday that due to its strategic position and the projects currently underway, Chabahar port will become a hub of steel and petrochemical industry in the country.
During the first ten months of the current Iranian calendar year (March 20, 2020 – January 19, 2021), 998,000 tons of copper concentrate has been produced in Iran.
While Iran is fighting the U.S. severe sanctions on its economy, and the country’s different industrial and economic sectors have been affected by the limitations and difficulties caused by the sanctions condition, the country’s mining sector is moving forward noticeably, overcoming such barriers.
The head of Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) announced that the organization will inaugurate 23 development projects in mines and mining industries soon.
Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) has announced that domestic production and indigenizing technology in the mining sector has saved Iran nearly $1 billion during the current Iranian calendar year (began on March 20, 2020).
As announced by a provincial official, 40 idle mines have been revived in Sistan-Baluchestan Province, in the southeast of Iran, since the beginning of the current Iranian calendar year (March 20, 2020).