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Iran Seeks to Increase Annual Steel Production , an Industrial Info Market Brief

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Iran's steel industry, the largest producer in the Middle East North Africa (MENA) region, is pushing ahead with plans to become the world's sixth-largest steel maker under its 2025 vision plan. Iran produced 25 million tons of steel in 2018.

IMIDIRO, a major state-owned holding company, has announced that the production of crude steel in Iran rose 14.1% from March 2019 to March 2020. The nation's vision 2025 calls for increasing production to 55 million tons by that year, with exports reaching 10 million to 15 million tons.

Industrial Info is tracking 219 active capital steel mill projects worth more than $21 billion in Iran.

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Industry Segment: Market Brief
Word Count: 118 Words
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