Economy, Business And Markets

HRC Tops List of Iranian Steel Product Output

HRC Tops List of Iranian Steel Product OutputHRC Tops List of Iranian Steel Product Output

Hot-rolled coils made up 39.8% of Iran’s 10.28 million-ton steel product output during the seven months to October 22, registering a 4% drop year-on-year, according to the latest data released by the Iranian Steel Producers Association. With a 36.2% share, rebar was the next in line. Its output shrank 2% compared with last year’s similar period. It was followed by cold-rolled coil with a 10% share, coated coil with 5.9% and beams with 5.8%. Iran produced 10.74 million tons of crude steel in the seven-month period, posting an 8% growth year-on-year. Billet and bloom production accounted for 5.66 million tons of the overall figure, and slab output for 5.08 million tons. Iran is currently ranked the world’s 14th largest steelmaker with a production capacity of 31 million tons.

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