Financial Tribune - Iranian steel mills sold over 254.35 trillion rials ($1.58 billion) worth of steel products during the last fiscal year that ended on March 19, 2020.

According to Reza Shahrestani, a member of the Board of Directors of Iran Steel Producers Association, the sales volume shows a 93% rise compared to the year before, Young Journalists Club reported.

Latest data show Iranian steelmakers produced 43.28 million tons of semi-finished and finished steel products during the 11 months since the beginning of the last Iranian year (March 21, 2019-Feb. 19) to register a 7.96% year-on-year increase.

According to the Iranian Steel Producers Association's latest report, semi-finished steel made up 24.93 million tons of the total output, up 10% YOY.

Billet and bloom made up 15.33 million tons of semi-finished production while slab output hit 9.59 million tons to register an 18% rise and a 1% decline respectively YOY.

As for finished steel, the output increased 5% YOY to 18.35 million tons.