Steel Exports Plummet, as Imports Jump 50 Percent YOY

November 18, 2020
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A total of 4.53 million tons of finished and semi-finished steel products were exported from Iran during the first seven months of the current fiscal year (March 20-Oct. 21) to register a 23.5% decline year-on-year, the Iranian Steel Producers Association reported.

Semi-finished steel made up 3.19 million tons of total export volume, down 16% YOY.

Billet and bloom had the lion’s share of semis exports with an aggregate of 2.451 million tons, even though the sum was 6% lower than the previous corresponding period's 2.6 million tons. Slab came next with 740,000 tons, down 39% YOY.

Exports of finished steel products declined by 37% to 1.34 million tons during the first seven months of the year.

financialtribune



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