Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Iran produced 5.6mn mt of crude steel in the Jan-Feb period, up by 40.5pc from the same period the prior year, according to a report released by the World Steel Association (WSA).

According to WSA, Iran’s steel output rose by 34.3pc to 2.71mn mt in February, up from 2.01mn mt in February 2019, but down by 6.4pc from 2.89mn mt in January 2020.

Iran’s iron ore output in 11 months till Jan 2020 period rose by 3pc to 39.342mn mt, when compared to the previous 11-month period.

Iran aims to boost its crude steel production capacity and produce 55mn mt by 2025, Davis Index previously reported.

The country’s consumption in January 2020 was 17.055mn mt and exports were 8.8mn mt, up by 38.27pc from the prior year period.

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