INSEAD Day 4 - 728x90

Samsung biggest chip investor

The tech giant invested nearly $59.2bn in 2025.

flynas to set up new hub

Five destinations in first phase of operations.

AD Ports Group acquires CLI

CLI is Brazilian agri-bulk terminal operator.

$1.59bn Makkah project awarded

A consortium will develop two districts in the Holy City.

2PointZero posts profit surge

Growth driven by merger consolidation.

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.