Steel Production Dips, Exports Register Strong Growth

New data released by the Iranian Steel Producers Association show the output of semi-finished products stood at 27.9 million tons in the fiscal 2021-22 (ended March 20), 8% less compared to the corresponding period of last year.
Billet and bloom made up 16.66 million tons of total semi-finished production, down 11% year-on-year.
Slab output reached 11.24 million tons to register a 2% YOY decline. 
The output of finished steel decreased by 5% during the same period to 19.64 million tons. 
Long steel products had an 11.21 million-ton share in the output of finished steel products, posting a 3% decline compared with the similar period of last year.