According to the Iranian Steel Producers Association’s (ISPA) latest release, the steelmakers produced approximately 40 mn t of semi-finished and finished steel products during the first nine months of the Iranian year (March 20-Dec. 20) to register a y-o-y rise of 11.2%.
Semi-finished steel production stood at 23 mn t (up by 12% y-o-y), while finished steel output stood at around 17 mn t (up by 10% y-o-y). Mobarakeh Steel Company (MSC) remained the largest steel producer, followed by Khouzestan Steel Company (KSC).
Iran’s production and export figures during 20 Mar-20 Dec ’20
While on the other hand, Iranian steel exports during the first three quarters of the current Iranian year (20 Mar-20 Dec ’20) stood at 6.45 mn t, down by 17.18% y-o-y. Semi-finished steel made up 4.475 mn t of the total export volume, down by 12% y-o-y, while finished steel exports witnessed a drop of 27% y-o-y to reach 1.98 mn t. Billet and bloom exports recorded at 3.44 mn t, down by 2% y-o-y.
Production and Export figures of Iran’s major steel producers during 20 Mar-20 Dec ‘20
The rise in production is attributed to the increased apparent steel usage, which reached 18.5 mn t, during the period under consideration. It reported having registered a 20% y-o-y increase. However, marketers believe that the rise in apparent usage is mostly due to speculative activities and hoarding. Also, few of the local specialized news website, claims that the increase is likely due to the growth in illegal steel exports.
~Inputs- Financial Tribune
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