Iran's apparent steel usage registered a decline in the current Iranian year’s first 10 months (March 21, 2021-Jan. 20) 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 14.27 million tons for finished products, posting a 9% year-on-year decrease, according to the Iranian Steel Producers Association.
Long steel products accounted for the largest portion of finished steel consumption with 7.24 million tons, down 8% YOY.
Rebar grabbed the biggest share in this section with 5.78 million tons, down 10% YOY, followed by beams with 927,000 tons (up 13% YOY) and L-beam, T-beam and other types with 537,000 tons (down 6% compared with the same period of last fiscal year).
Flat steel products accounted for 6.91 million tons of finished steel apparent usage, down 7% YOY.
Among flat steel products, hot-rolled coil had the biggest share of apparent usage with 6.61 million tons (down 7% YOY), followed by cold-rolled coil with 2.29 million tons (down 6% YOY) and coated coil with 1.15 million tons (down 5% compared with the same period of last year).
The apparent usage stood at 17.41 million tons for semi-finished products, registering a 14% decline compared with last year's corresponding period.
The apparent usage of billet and bloom amounted to 9.83 million tons, down 17% compared with the same period of last year. The use of slab also decreased by 9% to 7.57 million tons during the period.
DRI usage stood at 24.82 million tons during the period under review, remaining unchanged YOY.
