Iran H1 steel output rises to 23m tons

Financial Tribune – Semi-finished steel made up 13.08 million tons of the total output, up 6% year-on-year, while finished steel production increased 8% YOY to 10.17 million tons

Iranian steelmakers produced a total of 23.26 million tons of semis and finished steel products during the first half of the current Iranian year (March 21-Sept. 22) to register a 6.43% increase year-on-year.

According to the Iranian Steel Producers Association’s latest report, semi-finished steel made up 13.08 million tons of the total output, up 6% YOY.

Billet and bloom made up 7.67 million tons of semi-finished production while slab output hit 5.41 million tons to register a 13% rise and a 3% decline respectively YOY.

As for finished steel, output increased 8% YOY to 10.17 million tons.

Flat steel products had the lion’s share of finished steel production with 5.26 million tons, up 7% YOY. HRC made up 4.41 million tons of the production in this category, registering a 5% growth YOY, followed by CRC with 1.3 million tons (up 5% YOY) and coated coil with 817,000 tons (up 7% YOY).