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Iran's billet and bloom production rose 7.9% in the first nine months of the Iranian calendar year (March 21-December 21, 2025), totaling 15.027 million tons, up from 13.933 million tons in the same period last year, according to the Iranian Steel Producers Association (ISPA). Billet and bloom are essential semi-finished steel products, with blooms being larger and used for structural components, while billets are smaller, serving for finished products.

The Iranian steel sector is vital to the nation's industrial strategy, emphasizing self-sufficiency and reduced oil dependency. Iran ranks as the world's 10th largest steel producer, utilizing domestic iron ore and natural gas. Major players include Mobarakeh Steel Company, Khouzestan Steel Company, and Hormozgan Steel Company, with growth fueled by investments in direct-reduced iron technology, enhancing production efficiency and reducing carbon emissions.