Domestic Economy
0

Major Steel Mills' Exports Halve in Q1 Fiscal 2020-21

Semi-finished steel made up 810,244 tons or more than 89.9% of the total export volume to register a 43% year-on-year decline, while finished steel products had a 10.1% share of exports with 90,882 tons to witness a 64% YOY decline
Major Steel Mills' Exports Halve in Q1 Fiscal 2020-21 Major Steel Mills' Exports Halve in Q1 Fiscal 2020-21

Iranian heavyweight steel producers exported a total of 901,126 tons of finished and semi-finished steel products, including beam, rebar, ingot, slab, hot and cold-rolled coils, and coated coils, during the first quarter of the current Iranian year (March 20-June 20) to register a 46% decline compared with last year’s corresponding period.
Semi-finished steel made up 810,244 tons or more than 89.9% of the total export volume to register a 43% year-on-year decline. 
Finished steel products had a 10.1% share of exports with 90,882 tons to witness a 64% year-on-year decline, the Iranian Steel Producers Association reported.
Ingots topped the list of exports as the heavyweight steel producers exported 605,757 tons of the semi-finished product during the three-month period, indicating a 32% year-on-year decrease. 

Premium

Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Add new comment

Financialtribune.com