A total of 11.69 million tons worth $7.41 billion of steel were exported to 59 countries in fiscal 2021-22 (ended March 20), according to the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO).
China with 3.54 million tons worth $2.02 billion, accounted for 30.3% of Iran’s total exports in weight and 27.3% in value to top the list of export destinations.
It was followed by Iraq with 1.9 million tons (16.3%) worth $1.26 billion (17%), Indonesia with 1.7 million tons (14.5%) worth $1.09 billion (14.8%), Thailand with 1.17 million tons (10%) worth $750.12 million (10.1%) and the UAE with 724,170 tons (6.2%) worth $544.35 million (7.3%).
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