Azernews.Az

Iranian steel firms produced over 10.549 million tons of steel ingots in the first eight months of the current Iranian calendar year, which started on March 21, the Mehr News Agency reported on December 22.

The figure shows nine percent increase compared to the same period of time previous year.

More than 1.375 million tons of steel ingots were also produced in the eighth calendar month of Aban (October 23 - November 22), 12 percent more than the same time previous year, the public relations office of the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) said.

Iranian steel firms also produced 11.124 million tons of steel products in the mentioned period.

The World Steel Association said in its latest press release that Iran produced 1.375 million tons of crude steel in November 2013, the ISNA News Agency reported on December 21.

The figure shows over 12.5 per cent increase compared to the same month previous year.

The country's total output in the first eleven months of 2013 amounted to 14.71 million tons, which is six percent more than in the same time span last year.

World crude steel production for the 65 countries reporting to the WSA was 127.364 million tons in September, up 3.6 percent compared to September 2013.

World crude steel production in the first eleven months of 2013 was 1.447 billion tons, an increase of 3.2 percent compared to the same period of 2012.

Iran's crude steel production reached 14.89 million tons in the previous Iranian calendar year, which ended on March 20.

Iran plans to increase its annual steel output to 55 million tons by the end of the Fifth Five-Year Development Plan (2015).