Iran’s annual steel output reaches 30.2m tons despite energy constraints

Iran produced 30.2 million tons of steel in the Iranian year 1403 (ended on March 20), according to data released by the Iranian Steel Producers Association (ISPA).
The report highlights that approximately 2.0 million tons of semi-finished steel output—worth an estimated $1.0 billion—were lost due to electricity and natural gas shortages.​

Following two years of growth after 2021, Iran’s steel production declined, returning to levels seen in 2020. The report notes that severe natural gas constraints have rendered the country’s new sponge iron capacities ineffective.​
Despite these challenges, the highest production growth rates within the steel value chain were recorded in iron ore concentrate and hot-rolled coil segments.​

Iran’s steel industry has demonstrated resilience amid external pressures, including international sanctions and the global pandemic. The country’s steel production capacity has reached 55 million tons, positioning Iran as the 10th largest steel producer globally.