May 08, 2020 12:48 Asia/Tehran [Updated: Aug 31, 2020 21:38 Asia/Tehran]
  • Iran tops Middle East steel producer exporter
    Iran tops Middle East steel producer exporter

Tehran (IP) - Iran's steel industry, with a history of over half a century, today ranks first among competitors in the Middle East in terms of production and exports and is expected to reach 7th place from the 10th in the world until 2025 with the promotion of the position.

Iran PressIran news: According to the data of the Comprehensive Steel Plan, the major producers of steel in the Middle East are Iran, Saudi Arabia, the United Arab Emirates, and Qatar which Iran recorded a share of about 69 percent of production with about 25 million tons in 2018.

The Ministry of Industry announced a total of 28 million tons of steel production last year and the Iranian Steel Producers Association at 27 million tons.

Statistics show that Saudi Arabia with 15 percent production, the United Arab Emirates 9 percent, and Qatar 7 percent are far behind Iran.

According to Iran's comprehensive steel plan, Iran, Saudi Arabia, and the UAE, in addition to being the largest producers of steel in the Middle East, also have the highest consumption of steel.

The fact is that the three countries in the Middle East (Iran, Saudi Arabia, and the United Arab Emirates) account for more than 70 percent of steel consumption in the region.

Iran accounts for 38 percent of consumption, Saudi Arabia 21 percent, the UAE 15 percent.

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