Economy, Business And Markets

Iran Steel Exports Up 83%

Steel Exports Up 83%
Steel Exports Up 83%

Steelmakers exported 359,572 tons of semi-finished and finished steel products, including billet, bloom, slab, rebar, beam and coil, in the first month of the current fiscal year ending April 20, indicating an 83% growth compared with last year’s corresponding period, Iranian Mines and Mining Industries Development and Renovation Organization reported.

Khouzestan Steel Company was the top exporter with 167,095 tons, followed by Esfahan Steel Company with 62,421 tons, Hormozgan Steel Company with 52,000 tons, Mobarakeh Steel Company with 50,669 tons, Iran Alloy Steel Company with 21,778 tons, Khorasan Steel Company with 4,249 tons and Oxin Steel Company with 1,361 tons.

Iran exported 3.74 million tons of semis and 1.79 million tons of finished steel products in the last fiscal year (March 2016-17), registering a 108% and 16% growth respectively, according to Iranian Steel Producers Association.

Thailand, the UAE, and Taiwan were the main customers of Iranian steel, accounting for 16%, 12% and 11% of 5.53 million tons of total exports, according to IMIDRO. 

 Italy with 9%, Oman with 7%, China with 7%, Iraq with 6%, Afghanistan with 5%, Jordan with 3%, Turkey with 3%, Egypt with 3%, Brazil with 3%, Spain with 2%, Morocco with 2% and Turkmenistan with 2% followed.

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