Iran steel exports rise 40% to 7.8m tons

Financia lTribune – A total of 7.8 million tons of finished and semi-finished steel products were exported from Iran during the first nine months of the current Iranian year (March 21-Dec. 21) to register a 40% year-on-year increase, according to the Iranian Steel Producers Association’s latest report.

Semi-finished steel made up 5.06 million tons or 64.95% of the total export volume, up 38% YOY.

Billet and bloom had the lion’s share of semis exports with an aggregate of 3.52 million tons to mark a 54% YOY rise. Slab followed with 1.54 million tons, up 12% YOY.

Exports of finished steel products increased 27% YOY to reach 2.72 million tons.