H1 Steel Exports Decline by 30% YOY to 3.5 Million Tons

A total of 3.52 million tons of finished and semi-finished steel products were exported from Iran during the first half of the current fiscal year (March 21-Sept. 21) to register a 30.1% year-on-year decline, according to the Iranian Steel Producers Association.
Semi-finished steel made up 2.56 million tons of the total volume, down 19% YOY.
Billet and bloom had the lion’s share of semis exports with an aggregate of 1.98 million tons, 6% less compared with last year's corresponding period. Slab followed with 583,000 tons, down 45% YOY. 
Meanwhile, exports of finished steel products declined by 49% to 960,000 tons in H1. 
Rebar accounted for the largest portion of finished steel products exported from Iran during the six-month period, with 642,000 tons. The total volume of Iran’s rebar exports experienced a 47% fall compared with the same period of last year. 
Hot-rolled coil followed with 142,000 tons, registering a 52% decrease compared with the first half of the previous fiscal year. 
Beams came next with 68,000 tons, down 24% YOY; followed by L-beam, T-beam and other types with 60,000 tons, down 44% YOY; coated coil with 30,000 tons, down 71% YOY; and cold-rolled coil with 18,000 tons, down 76% YOY.