Apparent Steel Usage Hit by Output Decline in Seven Months

Iran's apparent steel usage registered a decline in the first seven months of the current Iranian year (March 21-Oct. 22) compared with last year's corresponding period.
Apparent steel usage is defined as production plus imports minus exports, sometimes also adjusted for changes in inventories.
The apparent usage totaled 9.57 million tons for finished products, posting a 12% decrease year-on-year, according to the Iranian Steel Producers Association.
Long steel products accounted for the largest portion of finished steel consumption with 4.85 million tons, down 12% YOY.