Steel Production Declines in H1

Iranian steelmakers registered a decline in production during the first six months of the current fiscal year (March 21-Sept. 22).
According to data released by the Iranian Steel Producers Association, they produced a total of 12.99 million tons of semi-finished products during the period, registering a 14% decline compared with 15.03 million tons in last year’s corresponding period.
Billet and bloom made up 7.74 million tons of semi-finished production, down 17% YOY.
Slab output hit 5.26 million tons to register a 9% decline year-on-year.
The output of finished steel decreased by 10% YOY to 9.28 million tons.