Iran’s finished steel output was recorded at 15.16 MnT in first nine months of Iranian year to register a Y-o-Y rise of 7%., according to Iranian Steel Producer’s Association. During the first nine months of the current Iranian year (March 21-Dec. 21), the country’s production of semis and finished reached 34.8 MnT to register a Y-o-Y growth of 5.98%
According to the Iranian Steel Producers Association’s latest report, semi-finished steel made up 19.64 MnT of the total output, up 5% Y-o-Y. Billet and bloom production was recorded at 11.6 MnT while that of slab was at 8.04 MnT to register an 11% Y-o-Y rise and 2%Y-o-Y decline respectively.
Flat steel products had the major share in finished steel production with 7.53 MnT, up 5% Y-o-Y. HRC production was recorded at 6.25 MnT by registering a Y-o-Y growth 3%, followed by CRC with 1.96 MnT (up 4% Y-o-Y) and coated coil with 1.24 MnT (up 19% Y-o-Y).
While, long steel production reached 7.62 MnT by posting a 10% Y-o-Y rise. Rebar had the major share in the category with 6.18 MnT (up 9% Y-o-Y), followed by beams with 822,000 MT (up 14% Y-o-Y) and L-beam, T-beam and other types with 621,000 MT (up 11% Y-o-Y).
Direct-reduced iron production stood at 21.43 MnT during the nine-month period, indicating an 8% rise Y-o-Y.
| Category | Commodity | Sub Commodity | Production in MnT | Y-o-Y Change in % |
| Semi-Finished Steel | Billet & Bloom | – | 11.6 | +11% |
| Slab | 8.04 | -2% | ||
| Total | 19.64 | +5% | ||
| Finished Steel | Flat | HRC | 6.25 | +3% |
| CRC | 1.96 | +4% | ||
| Coated Coil | 1.24 | +19% | ||
| Total | 7.53 | +5% | ||
| Long | Rebar | 6.18 | +9% | |
| Beam | 0.82 | +14% | ||
| L, T and other Beam Types | 0.62 | +11% | ||
| Total | 7.62 | +10% | ||
~Inputs from Financial Tribune
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