[Fellow]In the week ending on January 11, 2020, domestic raw steel production was 1,923,000 net tons while the capability utilization rate was 82.5 percent.
In the week ending on January 11, 2020, domestic raw steel production was 1,923,000 net tons while the capability utilization rate was 82.5 percent. Production was 1,871,000 net tons in the week ending January 11, 2019 while the capability utilization then was 80.4 percent. The current week production represents a 2.8 percent increase from the same period in the previous year. Production for the week ending January 11, 2020 is up 1.3 percent from the previous week ending January 4, 2020 when production was 1,898,000 net tons and the rate of capability utilization was 82.0 percent.
Iranian media IRNA reported that Iran has defined 16 development projects in the steel sector which are aimed to boost the country’s output of steel products by 19 million tonnes in a course of five years. These projects are for constructing production units each with the capacity of 600,000 tonnes, while some other projects have been also defined to set up some units with under 500,000 tonnes capacity that together will add 19.1 million tonnes to the country’s annual steel products output.
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