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22 Aug
12:23

Iran drives Middle Eastern July steel output decline

Driven by Iran’s energy supply crunch, Middle Eastern countries' combined July crude steel output shrank 26.6% or 1.13 million tonnes versus June and 3.9% or 128,000t on-year to 3.13mt. However, January-July crude steel production grew 2.3% on-year to 26.18mt, Kallanish notes. Iran produced 1.98mt crude steel in July, down 37.3% on-month and 1.5% on-year. Iran's January-July crude steel production increased by 4.1% on-year to 18.1mt from 17.4mt in t…
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