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Iran sees iron ore and steel production rises year on year

Perth, Australia — Mineral companies affiliated with Iranian state mines and metals holdingcompany Imidro produced 27.9 million mt of iron ore concentrate in the firstnine months of the current Iranian fiscal year, March 21-December 21, up 17%year on year, the holding entity said Thursday.

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Due to the start of several pelletizing projects, iron ore pelletrepresented the biggest jump. Around 23.62 million mt of iron ore pellet wasproduced during the period, up 26% on the year. In addition, 14.32 million mtof direct reduced iron was produced, reflecting a 15% on-the-year increase.

Crude steel output also showed a sharp increase. Around 12.77 million mtof crude steel was produced by Iran's major mills, up 19% from the previousyear's corresponding period.

About 1.66 million mt of crude steel was produced in the latest Iranianmonth, 23% up from the year-ago month.

Iran crude output is expected to rise above 30 million mt in the nextyear from the expectation of 21.5 million mt in the current Iranian yearending March 21, 2018, according to Mahmoud Eslamian, chairman of the IranianSteel Producers' Association. The country's crude capacity totals 32.5 millionmt, but there are plans to boost the capacity to 55 million mt/year by 2025,according to the country's strategic steel expansion plan.

--Reza Zaer, newsdesk@spglobal.com

--Edited by Pankti Mehta, pankti.mehta@spglobal.com