Iranian Steel Companies Register Strong Growth in Output, Exports

The Iranian steel industry recorded strong growth rates both in production and exports during the first month of the current fiscal year (March 20-April 20).
Iranian steelmakers produced a total of 4.5 million tons of semi-finished and finished steel products during the period.
According to the Iranian Steel Producers Association’s latest report, semis accounted for 2.8 million tons of the total output, up 20% YOY.
Billet and bloom made up 1.675 million tons of semi-finished production whereas slab output reached 1.13 million tons to register a 28% and 9% YOY rise, respectively.
The output of finished steel also increased by 20% YOY to 1.74 million tons.