Iran's Q1 Steel Exports Decline 43% to 1.4 Million Tons

More than 1.42 million tons of finished and semi-finished steel products were exported from Iran during the first quarter of the current Iranian year (March 20-June 20) to register a 43% decline compared with the similar period of the year before, according to the Iranian Steel Producers Association's latest report.
Semi-finished steel made up 1.04 million tons or more than 72.9% of the total export volume to register a 27% year-on-year drop.
Billet and bloom had the lion’s share of semis exports with an aggregate of 837,000 tons to mark a 7% decline YOY. Slab followed with 204,000 tons, down 61% YOY.
Exports of finished steel products decreased 49% YOY to reach 388,000 tons.
Long steel products had the biggest share of finished products’ exports with a total of 343,000 tons (88.4%) to register a 39% YOY decline.