According to the progress report of Iran's steel development plan, by the end of the next Iranian financial year on March 20, 2021, Iran's steel production capacity is expected to reach 43.6 million tons / year, the actual production is expected to reach 31.1 million tons / year, and the nominal capacity utilization rate will reach 71%. At present, Iran's steel production capacity is 35 million tons / year.
According to a head of the state-owned mining and metals holding company Imidro, the total steel production capacity under construction in Iran now reaches 10 million tons, with a completion rate of more than 50%. In addition, another 10 million tons / year of production capacity is in the planning stage.
It is reported that Iran's steel development plan was formulated in 2014, aiming to increase Iran's steel production capacity to 55 million tons within ten years.
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