Iran’s steel sector is growing at a faster rate raising output to 55 MnT per year is on track. Iran aims to become the world’s sixth largest steel producer as per its 20-Year Vision Plan (2005-25), which envisions an annual production of 55 MnT of crude steel and 20-25 million tons of exports per year.
According to recent data released, Iran’s finished steel production witnessed surge of 9% to 16.39 MnT in current Persian year (21st Mar’17-21st Jan’18) in comparison with 15 MnT in corresponding time frame of preceding year.
Product-wise finished steel production in first ten months of Persian Year
1. During first ten months of Persian year production of beam reported rise of 5% to 0.9 MnT against 0.86 MnT in similar time frame of previous year.
2. Similarly production of rebar registered the decline of 7% on yearly basis to 5.16 MnT which was 5.54 MnT in first ten months of previous year.
3. However production of HRC stood at 6.4 MnT , inched up by 10% while that of CRC was recorded at 1.95 MnT jumped by 26% against 1.55 MnT in first 10 months of Persian year.
4. Meanwhile production of coated sheet also shown significant hike of 42% to 1.25 MnT in first 10 months which was recorded at 0.88 MnT in similar time period of previous year.
Finished Steel Production in first ten months of Persian year
| Products | First 10 Months of last Persian Year | First 10 Months of current Persian Year | Y-o-Y |
| Beam | 866,000 | 905,000 | 5% |
| Rebar | 5,546,000 | 5,167,000 | -7% |
| Hot Rolled Coil | 5,836,000 | 6,415,000 | 10% |
| Cold Rolled Coil | 1,551,000 | 1,950,000 | 26% |
| Coated Sheet | 889,000 | 1,258,000 | 42% |
| Other Steel | 315,000 | 703,000 | 123% |
| Total Steel Production | 15,003,000 | 16,398,000 | 9% |
Quantity in MT
Source-ISP (Iran Steel Producer’s Association)
Inputs taken from Chilan online
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