Iran finished steel exports up 84% in fiscal 2018-19

Financial Tribune – Exports of finished steel products surged 84% YOY to reach 2.98 million tons in the last fiscal year (ended March 20, 2019).

Rebar was the main exported finished product with 1.65 million tons, registering a 177% jump YOY, according to the Iranian Steel Producers Association’s latest report.

Following rebar were hot-rolled coil with 662,000 tons, down 5% YOY; beams with 243,000 tons, up 45% YOY; “other steel products” with 212,000 tons, up 165% YOY; coated coil with 172,000 tons, up 182% YOY; and cold-rolled coil with 43,000 tons, up 115% YOY.

Nevertheless, the export of finished and semi-finished steel products from Iran reached 7.88 million tons to register a 7.17% year-on-year decrease.