Iran's apparent steel use (ASU) in the first five months of the current fiscal year (March 21-Aug. 22) increased significantly compared with last year's corresponding period.
ASU totaled 8.17 million tons for finished products, posting a 25% year-on-year increase, the Iranian Steel Producers Association reported.
Apparent steel use is defined as production plus imports minus exports, sometimes also adjusted for changes in inventories.
Long steel products accounted for the largest portion of finished steel consumption with 4.19 million tons, up 31% YOY.
October 08, 2022 19:58
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Apparent Steel Use Registers Solid Growth in Five Months
Apparent steel use during March 21-Aug. 22 totaled 8.17 million tons for finished products, posting a 25% year-on-year increase and reached 10.17 million tons for semi-finished products, registering a 31% growth year-on-year
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