Iran’s steel exports increase 22% to 10 million Ttons

Financial Tribune – The export of semi-finished steel was at 6.9 million tons, up 26% year-on-year, while that of finished steel products increased by 16% to reach 3.45 million tons

A total of 10.36 million tons of finished and semi-finished steel products were exported from Iran in the last Iranian year that ended on March 19, 2020, to register a 22.21% year-on-year increase, according to the Iranian Steel Producers Association’s latest report.

Semi-finished steel made up 6.9 million tons or more than 66.66% of the total export volume, up 26% YOY.

Billet and bloom had the lion’s share of semis exports with an aggregate of 4.83 million tons to mark a 24% YOY rise. Slab followed with 2.07 million tons, up 31% YOY.

Exports of finished steel products increased by 16% YOY to reach 3.45 million tons.

Long steel products had the biggest share of finished products exports with a total of 2.65 million tons (76.7%) to register a 26% growth YOY.