Upsurge in Apparent Steel Usage

Iran's apparent steel usage—defined as production plus imports minus exports, sometimes also adjusted for changes in inventories—during the first 10 months of the current Iranian year (started March 20, 2020) stood at 20.23 million tons for semi-finished products, registering a 19% increase compared with last year's corresponding period.
Apparent usage totaled 15.32 million tons for finished products, posting a 20% increase year-on-year, according to the Iranian Steel Producers Association.
Flat steel products accounted for the largest portion of finished steel consumption with 7.43 million tons, up 13% YOY.