Iran's apparent steel usage registered growth in the first two months of the current fiscal year (March 21-May 21) compared with last year's corresponding period.
Latest data released by the Iranian Steel Producers Association show apparent usage totaled 3.58 million tons for finished products, posting a 12% year-on-year increase.
Apparent steel usage is defined as production plus imports minus exports, sometimes also adjusted for changes in inventories.
Flat steel products accounted for the largest portion of finished steel consumption with 1.84 million tons of finished steel apparent usage, up 10% YOY.
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