Apparent Steel Usage Increases

Iran's apparent steel usage registered growth for finished and semi-finished steel products in the second month of the current fiscal year (April 21-May 21) compared with last year's corresponding period.
The apparent usage totaled 3.58 million tons for finished products, posting a 12% year-on-year increase, the Iranian Steel Producers Association reported.
Apparent steel usage is defined as production plus imports minus exports, sometimes also adjusted for changes in inventories.