Apparent Steel Usage Hit by Decline in Production

Iran's apparent steel usage marked a decline in the current Iranian year’s first eight months (March. 21-Nov. 21) 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 11.26 million tons for finished products, posting a 12% year-on-year decrease, according to the Iranian Steel Producers Association.
Long steel products accounted for the largest portion of finished steel consumption with 5.67 million tons, down 12% YOY.