Power Curbs, Command Pricing Lead to Steel Output Decline

Domestic steel production during the current fiscal year’s first 11 months (March 21, 2021-Feb. 19) decline compared with the corresponding period of the preceding year’s first 11 months. 
Iranian steelmakers produced a total of 25.34 million tons of semi-finished products during the period, down 9% year-on-year, Iran Steel Producers Association reported.
According to ISPA, billet and bloom made up 15.13 million tons of total semi-finished production, down 13% YOY.
Slab output stood at 10.21 million tons to register a 2% year-on-year decline.