Steelmakers Post Substantial Rally in1st Quarter Exports

A new report by Iranian Steel Producers Association shows Iranian steelmakers have recorded a significant rise in exports during the first quarter of the current fiscal year (March 21-June 21) compared with last year’s corresponding period.
They exported a total of 1.62 million tons of semi-finished products in Q1, up 55% year-on-year.
Billet and bloom had the lion’s share of semis exports with an aggregate of 1.06 million tons, 26% higher than the previous corresponding period. 
Slab exports stood at 563,000 tons during the period, up 176% YOY.
Exports of finished steel products jumped by 125% to 873,000 tons during the three months under review.