Domestic Economy

Iran Steel Exports Decline 12%

The Iranian steel industry is an export-oriented one, as the country exports more than 40% of its steel production
Iran Steel Exports Decline 12%Iran Steel Exports Decline 12%

Major Iranian steelmakers exported 2.24 million tons of steel during the first four months of the current fiscal year (March 21-July 22) to register a year-on-year decline of 12%, latest data released by the Iranian Mines and Mining Industries Development and Renovation Organization show.
The steel mills shipped out 620,589 tons during the fourth month of the year (June 22-July 22), which show a 13% decrease compared with the same month of the year before.
With a total of 712,771 tons of exports over the four months and 163,465 tons in the fourth month under review, Khouzestan Steel Company was Iran's biggest exporter of steel.
Nonetheless, the mill experienced a year-on-year decline both during the four months and in the fourth month by 26% and 16% respectively.


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