Crude steel Output Rises 13% in 10 Months/Steel Products Exports Up 102%

Iran’s steel products and crude steel production in the first ten-month of the current Iranian year (March21,2018- Jan20,2019), registering a 7% and 13% growth respectively YOY.

Major Iranian steelmakers produced 20.6 million tons of crude steel in the first ten-month of the current Iranian year (March21,2018- Jan20, 2019), indicating a 13% rise compared with last year’s corresponding period.

Likewise, major Iranian steelmakers produced an aggregate of 17,572,000 tons of steel products in the first ten-month to register a 7% growth YOY.

During the period under review, Major Iranian mining companies produced a total of 21,964,000 tons of DRI to register an 18% increase compared to the same period of previous year.

Steel Products Exports Up 102%

Iran exported 3.972 million tons of steel ingots and 2.396 tons of steel products during the first ten months of the current fiscal year (March 21,2018-Jan 20, 2019), indicating a 26 percent decrease and 102% growth compared with last year’s corresponding period.

Moreover, during the period under review, Iran exported 503,000 tons of DRI to register an 11% decrease YOY.

Likewise, crude steel and steel products imports during the same period stood at 27,000 tons and 881,000 tons indicating a 39% and 53% fall respectively year-on-year.

source: IMIDRO