INSEAD Day 4 - 728x90

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

Iran’s steel production sees 4.1% growth in first 7 months of 2023

Iran's domestic demand is 20 million metric tons. (Tasnim news agency)
  • In July 2023, Iran's crude steel production slightly decreased by 1.5% compared to the same month in the previous year
  • China remains the top global steel producer, contributing 626.5 million tons, followed by India, Japan, the United States, and Russia

Tehran, Iran – The World Steel Association (WSA) has reported a significant 4.1% increase in Iran’s steel production during the first seven months of 2023 (January-July), compared to the same period last year.

Iran’s crude steel production for this period totaled 18.1 million tons, showcasing strong growth.

In July 2023, Iran’s crude steel production slightly decreased by 1.5% compared to the same month in the previous year.

On a global scale, steel production across 63 countries experienced a marginal decline of 0.1% during the January-July 2023 period compared to the same timeframe last year.

China remains the top global steel producer, contributing 626.5 million tons, followed by India, Japan, the United States, and Russia.