10% Growth in Steel Production

Iranian steelmakers produced a total of 35.23 million tons of semi-finished and finished steel products during the first eight months of the current fiscal year (March 20-Nov. 20) to register a 10.7% year-on-year increase.
According to the Iranian Steel Producers Association’s latest report, semis accounted for 20.59 million tons of the total output, up 13% YOY.
Billet and bloom made up 12.84 million tons of semi-finished production whereas slab output hit 7.74 million tons to register a 16% and 8% YOY rise respectively.
The output of finished steel increased by 8% YOY to 14.63 million tons.
Long steel products had a 7.44 million-ton share in the output of finished steel products, posting a 10% growth YOY.