Steel imports up by 33% in first half of 1393

Tehran, Dec 7, IRNA – The Steel Producers Association announced that import of steel in the first six months of the current year shows an increase of 33% in comparison with the same period last year, adding that steel production registered an increase of 3% compared to last year.
  Meanwhile, the announcement further added, the amount of steel exports in the first half of the current year increased by 40% in comparison with the same period last year.

The report said that the finished price of production, both in terms of volume and its structure in each factory increased by at least 15% and at most 25% in the current year but the sale price did not change.

According to the report, steel consumption is considered one of the indices for development and in developed countries the per capita steel consumption is 320 to 340 kg while it is 234 kg in Iran.

The result of the studies of economic experts in 2011 show that steel production in the Middle East region in 2015 will be 18% more than its consumption without taking into account the share of Russia and China in the market.

Studies show that Iraq is capable of absorbing 3 million tons of Iran’s steel per year and in addition Afghanistan’s market is still in access despite its recession.

Steel producers are concerned about the dumping method used by the rivals, especially China. Studies of 2008 showed that the Chinese in different stages from purchasing iron ore to its export pay over 20 types of subsidies for their steel exports.

Methods of Chinese steel producers and exporters have been always supported by the government, therefore under the present circumstances steel producers of our country expect government’s overall support for domestic production.



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