Economy, Business And Markets
0

Iran’s Steel Exports Up 39%

Iran’s steel exports have witnessed significant growth for the last two months amid rial’s weakening against the US dollar and improving global market conditions
Iranian steelmakers have experienced a very good fiscal year so far with solid growth registered, except for two months.Iranian steelmakers have experienced a very good fiscal year so far with solid growth registered, except for two months.
Khouzestan Steel Company exported a record high of 2.5 million tons of slab, bloom and billet during the 11-month period, registering a 49% rise YOY, to remain the biggest Iranian steel exporter

Major Iranian steelmakers exported 6.56 million tons of semi-finished and finished steel products during the first 11 months of the current fiscal year (March 21-Feb. 19), registering a 39% growth compared with last year’s corresponding period, the Iranian Mines and Mining Industries Development and Renovation Organization reported.
The export volume for Bahman, the 11th month of the Iranian year (Jan. 21-Feb. 19), stood at 763,304 tons, surging 111% year-on-year.
Iran’s steel exports have witnessed significant growth for the last two months amid rial’s weakening against the US dollar and improving global market conditions.
Iranian steelmakers have experienced a very good fiscal year so far with solid growth registered each month, except for Mehr and Ordibehesht, the seventh and second months of the Iranian year respectively.

Premium

Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Add new comment

Financialtribune.com