Rebar Grabs Highest Share of Finished Steel Exports

More than 1.41 million tons of steel rebar were exported from Iran during the first seven months of the current fiscal year (March 21-Oct. 22) to register an 8% rise compared with the corresponding period of last year, new data released by the Iranian Steel Producers Association show.
Rebar had the lion’s share of finished steel products exports from the country, the data also show.
A total of 1.78 million tons of finished steel products were exported from Iran during the period, registering a 4% year-on-year decline.
Other exported finished products during the period include hot-rolled coil with 141,000 tons that registered a 52% decline, cold-rolled coil with 13,000 tons that showed an 18% rise and coated coil with 47,000 tons that marked a 30% increase.
Iran also exported 378,000 tons of direct-reduced iron during the period, down 46%. 
Local production of rebar stood at 6.14 million tons during the period to register a 20% rise.
The total production of finished steel increased by 15% to 12.67 million tons.
Long steel products grabbed the highest share of finished steel production with 7.35 million tons, registering a 17% increase compared with the similar period of last year.
Other finished products made during the period include hot-rolled coil with 5.11 million tons marking a 10% rise, cold-rolled coil with 1.43 million tons registering a 2% rise and coated coil with 881,000 tons showing a 2% rise.
The output of direct-reduced iron stood at 20.73 million tons during the period, which shows a 19% increase.
According to the World Steel Association, Iran is the world’s 10th biggest producer of crude steel, defined as steel in its first solid (or usable) form: ingots and semi-finished products (billets, blooms and slabs). This is not to be confused with liquid steel, which is steel poured.
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