Domestic Economy

Iran Steel Exports Rise 28%

Iran Steel Exports Rise 28%
Iran Steel Exports Rise 28%

A total of 6.78 million tons of finished and semi-finished steel products were exported from Iran during the first eight months (March 21- November 21) of the current fiscal year -- a 28.62% year-on-year increase, according to the Iranian Steel Producers Association.
Semi-finished steel made up 4.37 million tons or more than 64.45% of the total export volume. Billet and bloom had the lion’s share of semis exports at 2.95 million tons to mark 48% YOY rise. Slab followed with 1.41 million tons, up 5% YOY.
Exports of finished steel products increased 25% YOY to reach 2.4 million tons. Long steel products had the biggest share of finished products’ exports with a total of 1.82 million tons (75.75%) to register 44% growth YOY.
Rebar was the main export in this category with 1.55 million tons, registering a 59% increase YOY, followed by L-beam, T-beam and other types with 145,000 tons (up 25% YOY) and beams with 125,000 (down 27% YOY).


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