During the first two months of the current Iranian year (20 Mar’20- 20 May’20), Iran’s output for finished and semi-finished steel stood at 8.17 mn t to register a y-o-y growth of 1.45%, Iranian Steel Producers Association’s latest report shows.
Meanwhile, Direct-reduced iron production of the country stood at 5.55 mn t during the period under consideration, indicating a y-o-y growth of 11%.
Despite COVID-19 outbreak, the commodities have witnessed limited/negative growth, when compared with the corresponding period of the last Iranian year.
Iran steel output in first two months of current Iranian year
| Category | Commodity | Sub-commodity | Production in mn t | y-o-y change in % |
| Sem-finished steel | Billets & Blooms | – | 2.69 | -2% |
| Slab | – | 1.99 | 13% | |
| Total | 4.69 | 4% | ||
| Finished steel | Flat | HRC | 1.57 | -1% |
| CRC | 0.42 | 48% | ||
| Coated coils | 0.21 | -9% | ||
| Total | 1.81 | -1% | ||
| Long | Rebar | 1.34 | 2% | |
| Beam | 0.2 | -11% | ||
| L and other beam types | 0.12 | -9% | ||
| Total | 1.66 | -1% | ||
| Total | 3.47 | -1% | ||
Source: Financial Tribune
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