Iran Steel Market 2033

Iran Steel Market Size, Share, Trends and Forecast by Type, Product, Application, and Province, 2025-2033

Report Format: PDF+Excel | Report ID: SR112025A38234

Iran Steel Market Overview:

The Iran steel market size reached USD 3,191.58 Million in 2024. Looking forward, the market is expected to reach USD 4,200.81 Million by 2033, exhibiting a growth rate (CAGR) of 3.10% during 2025-2033. The market is driven by rising infrastructure development, government investment in industrialization, and robust domestic demand from the construction and automotive sectors. Export opportunities to neighboring countries and increased capacity from new production facilities further support Iran steel market share.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	USD 3,191.58 Million
Market Forecast in 2033	USD 4,200.81 Million
Market Growth Rate 2025-2033	3.10%

Iran Steel Market Trends:

Infrastructure and Construction Expansion

Iran’s strategic investment in infrastructure remains a major catalyst for steel demand. Government-led projects in roads, bridges, railways, and housing significantly increase the consumption of structural steel. . For instance, Iran's steel industry, led by Mobarakeh, Esfahan, and Khouzestan Steel, accounts for 70% of national output. In 2024, Iran produced 3.3 million tons of crude steel, briefly ranking Iran 7th globally. The sector is vital for construction, autos, and energy, with output projected to reach 55 million tons by 2025. Iran seeks $20B investment, benefiting from abundant resources but limited by sanctions in high-alloy steel technology. Urban development programs, particularly mass housing and earthquake reconstruction, require large volumes of rebar, beams, and sheets. The construction of industrial parks, refineries, and energy facilities also fuels demand for high-grade steel products. With abundant natural resources such as iron ore and natural gas, Iran benefits from cost-effective raw material sourcing. A growing population and rapid urbanization further accelerate construction activities nationwide. These infrastructure-driven requirements consistently support domestic steel consumption, reduce reliance on imports, and stimulate industrial growth. This strong internal demand base continues to drive Iran steel market growth and strengthens its contribution to overall Iran steel market share.

Export Orientation and Regional Demand

Iran's surplus steel production has positioned the country as a key exporter within the Middle East and Central Asia. With domestic consumption lower than total output, producers target external markets to sustain operational efficiency. Neighboring nations like Iraq, Afghanistan, and Syria rely heavily on Iranian steel for construction and industrial use. Iran’s geographical location, competitive pricing, and access to raw materials make it a preferred supplier in the region. Despite international sanctions, alternative trade arrangements such as border trade and barter systems allow continued exports. Investments in transportation infrastructure, including rail and port upgrades, enhance export logistics. Policy measures like export incentives and tax relief support this outward-focused strategy. As demand from post-conflict and developing countries grows, Iran’s export capacity ensures revenue continuity and supports Iran steel market growth while expanding Iran steel market share regionally. For instance, at the 7th Iran Expo in May 2025, Mobarakeh Steel Group, the Middle East’s largest and global leader in Direct Reduced Iron, urged India, the world’s second-largest steel producer, for market access to export semi-finished steel slabs amid rapid infrastructure growth. With over 50% of Iran’s steel output, the company faces challenges due to US/EU sanctions disrupting SWIFT payments and maritime shipping. It emphasized that easing these barriers, even for a modest import share, would foster bilateral cooperation.

Iran Steel Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country and provincial levels for 2025-2033. Our report has categorized the market based on type, product, and application.

Type Insights:

Flat Steel
Long Steel

The report has provided a detailed breakup and analysis of the market based on the type. This includes flat steel and long steel.

Product Insights:

Structural Steel
Prestressing Steel
Bright Steel
Welding Wire and Rod
Iron Steel Wire
Ropes
Braids

A detailed breakup and analysis of the market based on the product have also been provided in the report. This includes structural steel, prestressing steel, bright steel, welding wire and rod, iron steel wire, ropes, and braids.

Application Insights:

Building and Construction
Electrical Appliances
Metal Products
Automotive
Transportation
Mechanical Equipment
Domestic Appliances

The report has provided a detailed breakup and analysis of the market based on the application. This includes building and construction, electrical appliances, metal products, automotive, transportation, mechanical equipment, and domestic appliances.

Province Insights:

Tehran
Khuzestan
Bushehr
Esfahan
Khorasan
Others

The report has also provided a comprehensive analysis of all the major provincial markets, which include Tehran, Khuzestan, Bushehr, Esfahan, Khorasan, and others.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

Iran Steel Market Report Coverage:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Million USD
Scope of the Report	Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment: Type Product Application Province
Types Covered	Flat Steel, Long Steel
Products Covered	Structural Steel, Prestressing Steel, Bright Steel, Welding Wire and Rod, Iron Steel Wire, Ropes, Braids
Applications Covered	Building and Construction, Electrical Appliances, Metal Products, Automotive, Transportation, Mechanical Equipment, Domestic Appliances
Provinces Covered	Tehran, Khuzestan, Bushehr, Esfahan, Khorasan, Others
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report:

How has the Iran steel market performed so far and how will it perform in the coming years?
What is the breakup of the Iran steel market on the basis of type?
What is the breakup of the Iran steel market on the basis of product?
What is the breakup of the Iran steel market on the basis of application?
What is the breakup of the Iran steel market on the basis of province?
What are the various stages in the value chain of the Iran steel market?
What are the key driving factors and challenges in the Iran steel market?
What is the structure of the Iran steel market and who are the key players?
What is the degree of competition in the Iran steel market?

Key Benefits for Stakeholders:

IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Iran steel market from 2019-2033.
The research report provides the latest information on the market drivers, challenges, and opportunities in the Iran steel market.
Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Iran steel industry and its attractiveness.
Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.

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