Economy, Business And Markets

Iran Steel Exports Grow 48%

Semi-finished steel exports stood at 5.36 million tons, growing 89% YOY, as exports of finished steel products shrank 25% YOY to 1.18 million tons
Iran aims to export 8 million tons of steel by March 20.
Iran aims to export 8 million tons of steel by March 20.
Semis imports shrank 76% YOY to 44,000 tons, as imports of finished steel dropped 24% YOY to 1.86 million tons

Iranian steelmakers exported 6.55 million tons of steel during the first 10 months of the current fiscal year (March 21, 2017-Jan. 20), posting a 48% year-on-year growth, according to the Iranian Steel Producers Association.
Semi-finished steel exports made up 5.36 million tons of the total figure, growing 89% YOY.
Billet and bloom had the lion’s share of semis exports, standing at an aggregate of 2.95 million tons to mark a 65% growth YOY. Slab shipments followed with 2.41 million tons, surging 130% YOY.
Exports of finished steel products during the 10-month period shrank by 25% YOY to 1.18 million tons. 


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