Iran produces 70% of Middle East’s crude steel

Iranian steelmakers produced 13 million tons of crude steel from January to May this year, registering a 2.2% rise compared with the corresponding period of last year, Financial Tribune reported.

Steel producers located in the Middle East, including Iran, Qatar, Saudi Arabia, and the UAE, together produced a total of 18.7 million tons of steel during the period, up 1.1% year-on-year.

MNA/PR