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Iran’s steel production rose 3.7% YoY to 3.3 million MT in March.
Growth sustained despite international sanctions and market challenges.
India monitoring regional pricing and trade impact amid rising imports.
New Delhi, April 24, 2025: Iran’s crude steel production marked a positive upturn in March 2025, rising by 3.7% year-on-year to reach 3.3 million metric tonnes (MT), according to the latest data released by the World Steel Association (worldsteel). This positions Iran as one of the few regional producers posting steady growth amid broader global output fluctuations.
The increase comes despite global market volatility, economic sanctions, and logistical challenges faced by Iranian exporters. Industry analysts suggest this uptick was driven by resilient domestic demand, state-backed infrastructure projects, and a gradual diversification of export markets beyond traditional buyers.
Meanwhile, India — the world’s second-largest steel producer — is closely monitoring Iran’s market moves, especially as regional supply dynamics shift due to tariff disputes and tightened export controls. While India’s own production growth remained stable in March, cheaper imports from nearby producers like Iran could influence pricing trends in the secondary and scrap markets in coming months.
In Numbers:
March 2025 Output: 3.3 million MT
YoY Growth: 3.7%
Global Rank: Among top 10 producers
Also Read : ArcelorMittal-Nippon Warns Import Curbs Could Disrupt India’s Steel Expansion India's KIOCL Limited Sees Net Loss Increase in FY 2024-25
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