Apparent Steel Usage Down 10% for Finished Products, 14% for Semis

Iran's apparent steel usage registered decline in the current Iranian year’s first nine months (March. 21-Dec. 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 12.83 million tons for finished products, posting a 10% year-on-year decrease, according to the Iranian Steel Producers Association.
Long steel products accounted for the largest portion of finished steel consumption with 6.47 million tons, down 11% YOY.