New data released by the Iranian Steel Producers Association show steel exports from Iran have declined.
A total of 4.57 million tons of semi-finished steel products were exported during the first eight months of the current fiscal year (March 21-Nov. 21), to register a 5% year-on-year fall, latest data released by the Iranian Steel Producers Association show.
Billet and bloom had the lion’s share of semis exports with an aggregate of 3.48 million tons, up 8% compared with the previous year’s corresponding period.
Slab exports amounted to 1.08 million tons during the period, down 31%.
Exports of finished steel products decreased by 2% to 2.14 million tons during the same period.
Rebar accounted for the largest portion of finished steel products exported from Iran during the period, with 1.67 million tons. The total volume of Iran’s rebar exports experienced a 7% rise compared with the same period of last year.
Beam exports amounted to 91,000 tons during the period under review, down 5%.
About 112,000 tons of L-beam, T-beam and other types were also exported from Iran during the period, down 10%.
Hot-rolled coil exports amounted to 193,000 tons, registering a 39% decline.
Export of cold-rolled coil with 14,000 tons registered an 8% rise and coated coil with 57,000 tons, down 26%, was the other finished steel product exported from Iran.
Iran also exported 543,000 tons of direct-reduced iron during the period, down 34%.
The ISPA report came after the Iranian Mines and Mining Industries Development and Renovation Organization said a total of 6.74 million tons of different forms of steel worth $3.7 billion were exported from Iran during the eight months.
The IMIDRO report noted that exports during the eighth month of the year (Oct. 23-Nov. 21) stood at 1.14 million tons worth $568 million.
“This is the second consecutive month that monthly steel exports exceed 1 million tons this year,” IMIDRO wrote on its news portal, adding that the shipments registered a record high during the eighth month of last year.
A total of 11.69 million tons worth $7.41 billion of steel were exported from Iran to 59 countries in the fiscal 2021-22, according to IMIDRO.
China with 3.54 million tons worth $2.02 billion, accounted for 30.3% of Iran’s total exports in weight and 27.3% in value to top the list of export destinations.
It was followed by Iraq with 1.9 million tons (16.3%) worth $1.26 billion (17%), Indonesia with 1.7 million tons (14.5%) worth $1.09 billion (14.8%), Thailand with 1.17 million tons (10%) worth $750.12 million (10.1%) and the UAE with 724,170 tons (6.2%) worth $544.35 million (7.3%).
According to the Iranian Steel Producers Association, 7.68 million tons of semi-finished steel products were exported from Iran last year, up 25% compared with the previous year.
Billet and bloom had the lion’s share of semis exports with an aggregate of 5.1 million tons, up 12% compared with the previous year’s corresponding period.
Slab exports amounted to 2.58 million tons during the period, up 62% year-on-year.
Exports of finished steel products grew by 20% to 3.4 million tons during the period.
Rebar accounted for the largest portion of finished steel products exported from Iran during the period, with 2.5 million tons. The total volume of Iran’s rebar exports experienced a 36% growth compared with the same period of last year.
Beam exports amounted to 145,000 tons during the period under review, down 15% YOY.
About 200,000 tons of L-beam, T-beam and other types were also exported from Iran during the period, up 6% YOY.
Hot-rolled coil exports amounted to 433,000 tons, registering a 20% decline compared with the year before.
Cold-rolled coil with 17,000 tons registered a 35% decline year-on-year and coated coil with 115,000 tons, up 46% YOY, was the other finished steel product exported from Iran.
Exports of direct-reduced iron increased by 25% YOY to 1.06 million tons.
According to IMIDRO, Khouzestan Steel Company exported 2.05 million tons of steel products during the period to register a 37% rise and top the list of Iranian exporters.
Mobarakeh Steel Company came next with 1.26 tons of exports during the 12-month period, up 1% YOY. It was followed by Esfahan Steel Company with 1.12 tons of exports, 16% higher YOY.
Khorasan Steel Company’s rebar registered the highest growth of 604% in export volume with 78,801 tons.
