(MENAFN) Out of the 66 countries producing the alloy, Iran ranks 13th in steel production in the world, according to the world steel Association (worldsteel) estimates.
Iran is the thirteenth in the world in terms of producing steel with 21.7 million tones production in 2017 which has seen a 4.21%production increase against 2016, data from the World Steel Association (worldsteel) showed on Monday.
Global crude steel output rose 5.3% in 2017 and hit 1.691 billion tones in 2017 versus 1.606 billion in 2016, worldsteel said in a statement.
Steel production has surged in all over the world in the last year except in the commonwealth countries.
Asian crude steel output rose 5.4% last year, hitting 1162.5 million tons in 2017.
Also the same source recounts that the China's production of 831.7 million tons in 2017 makes up 49.2% of world production of the alloy. Production has experienced a 5.7% rise in China.
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