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Apparent Steel Usage at 13m Tons for Semis, 10m Tons for Finished Products

Apparent Steel Usage at 13m Tons for Semis, 10m Tons for Finished ProductsApparent Steel Usage at 13m Tons for Semis, 10m Tons for Finished Products

Iran's apparent steel usage—defined as production plus imports minus exports, sometimes also adjusted for changes in inventories—during the eight months of the current Iranian year (March 21-Nov. 21) stood at 13.05 million tons for semi-finished products, registering a 2% decline compared with last year's corresponding period.
It stood at 10.41 million tons for finished products, posting no year-on-year change, according to the Iranian Steel Producers Association.
Flat steel products accounted for the lion’s share of finished steel consumption with 5.42 million tons, down 1% YOY. 
Among flat steel products, hot-rolled coil had the biggest share of apparent usage with 5.39 million tons (up 3% YOY), followed by cold-rolled coil with 1.71 million tons (down 8% YOY) and coated coil with 1.12 million tons (up 14% YOY).
Long steel products accounted for 4.99 million tons of finished steel apparent usage, up 1% YOY. 
Rebar grabbed the biggest share in this section with 3.92 million, down 3% YOY, followed by beams with 623,000 tons (up 37% YOY) and L-beam, T-beam and other types with 445,000 tons (up 3% YOY).
As for semis, apparent usage of "billet and bloom" together amounted to 7.29 million tons, unchanged YOY, while that of slab declined 5% YOY to 5.75 million tons.
DRI usage was up 5% to 17.84 million tons.

 

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