INSUBCONTINENT EXCLUSIVE:
21), as compared to the same period of time in the past year, Iranian Mines and Mining Industries Development and Renovation Organization
(IMIDRO) announced.As reported, 6.319 million tons of steel ingots was produced in the two-month period of this year, while the figure was
5.885 million tons in the first two months of the previous year.As previously announced by the Iranian Steel Producers Association (ISPA),
export fell four percent in 1401, as compared to 1400 when the figure was 7.678 million tons.The World Steel Association (WSA), in its
latest annual report, announced that the production of crude steel in Iran rose 8.8 percent in May 2023, from May 2022.The report said that
percent.Based on the WSA data, Iran produced 3.1 million tons of crude steel in the mentioned month.Meanwhile, the Islamic Republic produced
9.7 million tons of steel in the first four months of 2023, registering a 0.1 percent growth compared to the same period in the previous
year, which indicates a 13 percent drop compared to the same period last year.According to the WSA report, China, India, Japan, the United
producer during the mentioned four months, according to the WSA data.The Iranian steel industry has been constantly developing over the past
years against all the pressures and obstacles created by outside forces like the United States sanctions and the coronavirus outbreak that
registered a negative 19.2 percent growth and the UK a 15.6 percent decline in steel production.According to the World Steel Association,
