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Iran ranks eighth in the world in absolute steel production

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The state develops industry in conditions of international economic restrictions.

Iran increased its steel production by 5.9% in April, while the global average fell by 2.4%. In total, the republic melted 9.7 million tons of this product.

Overall, steel production on the planet is declining: 622.7 million tons were produced in the first four months of 2023, 13% lower than last year.

Iran is developing its steel industry despite Western sanctions and the recent coronavirus outbreak. Today, the republic ranks eighth in the world in steel production and first in growth rates.

A similar situation is typical for developing industrial countries, since in the post-industrial economy the steel industry is declining due to the production of light and strong materials, primarily polymers.

Source: Riafan

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