Domestic Economy

Finished Steel Exports Decline

Finished Steel Exports Decline
Finished Steel Exports Decline

A total of 6.65 million tons of semi-finished steel products were exported from Iran during the first 11 months of the current fiscal year (March 21, 2022-Feb. 19) to register a 0.1% year-on-year increase, latest data released by the Iranian Steel Producers Association show.
Billet and bloom had the lion’s share of semis exports with an aggregate of 4.9 million tons, up 6% compared with the previous year’s corresponding period. 
Slab exports stood at 1.74 million tons, down 13%, while that of finished steel products declined by 4% to 2.89 million tons during the same period.
Rebar accounted for the biggest share of finished steel exports from Iran during the period with 2.19 million tons. The total volume of Iran’s rebar exports experienced a 1% rise compared with the same period of last year.
Beam shipments weighed 125,000 tons during the period under review, down 5%.
About 160,000 tons of L-beam, T-beam and other types were also exported from Iran during the period, down 11%.
Hot-rolled coil exports hit 315,000 tons, registering a 23% decline while that of cold-rolled coil with 20,000 tons registered a 25% rise and that of coated coil with 76,000 tons, saw a 21% fall.
Iran exported 769,000 tons of direct-reduced iron during the period, down 22%. 

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