A lot of industries may be struggling in Iran, but steel is not one of them, as the country's mills ended last fiscal year (on March 20, 2018) with solid growth in exports.
Major Iranian steelmakers exported 7.38 million tons of semi-finished and finished steel products during the year to register a 39% growth compared with the year before, according to data released by the Iranian Mines and Mining Industries Development and Renovation Organization.
The export volume for Esfand, the 12th month of the last Iranian year (Feb. 20-March 20, 2018), stood at 822,974 tons, growing 34% year-on-year.
The construction sector remained in recession last year, as meager government spending on projects failed to make a meaningful change in demand for steel products.
April 11, 2018 19:27
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Major Iranian Steelmakers’ Exports Reach 7.38m Tons
Most Iranian mills were fixated on exports last year as there was better demand overseas amid a slump in the domestic construction sector, while a fast devaluing national currency made shipments much more attractive
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