Eurofer: Iran third-largest steel exporter to Europe
The European Steel Association — Eurofer — reported a significant rise in Iran's steel exports to Europe, noting that the country is now the third-biggest exporter to the continent after China and India.
In a report, Reuters quoted Eurofer as saying that Iran's exports to Europe in 2016 had increased to above one million tons. It added that the figure was almost eight times higher than that registered in 2013.
The report added that Iran was now trailing China and India whose exports to Europe in 2016 respectively stood at 5.7 million tons and 1.9 million tons.
Iran is the biggest steel producer in the Middle East after Turkey, according to the World Steel Association.
The country has already devised plans to increase its steel production capacity to 55 million tons per year by 2025. The country's export capacity is also expected to rise to above 13 million tons per year.
Minister of Industry, Mine and Trade Mohammadreza Nematzadeh told a steel conference in Tehran last week that steel output had seen a growth of 10 percent in 2016.
Nematzadeh hailed this as a significant achievement which had been attained at a time that world's average steel production had increased only by about one percent.
In its report, Eurofer described Iran as a threat to European steelmakers. "The threat from Iran is new and it's going to be one of the top three issues: China, India, Iran," Karl Tachelet, external relations and trade director at Eurofer, told Reuters.
The report added that the European Union was investigating alleged dumping of hot-rolled steel by producers in Iran, as well as Serbia, Brazil, Russia and Ukraine.
According to figures released by World Steel Association (WSA) in January, Iran produced 17.895 million tons of crude steel last year, showing an rise of 10.8 percent compared with the figure for 2015, which was 16.146 million tons.
Iran ranked 14th among 2016 crude steel producers to remain unchanged from its standing in 2015 and 2014.
In December 2016, Iran produced 1.521 million tons of crude steel showing a rise of 13.8 percent against the figure for corresponding month of 2015, which was 1.336 million tons.
World Steel Association (WSA) is one of the largest and most dynamic industry associations in the world. WSA members represent approximately 85 percent of the world's steel production, including over 150 steel producers with 9 of the 10 largest steel companies, national and regional steel industry associations, and steel research institutes.