Iran Imports 277,000 Tons of Coated Steel Sheets in 1 Year

Over 92% of the value of steel product imports is related to the import of steel sheets which is expected to be reduced by opening new projects and the production of special grades of hot rolled sheets next year, it added.

More than 40% of the value of steel product imports into the country (equivalent to $566 million) has been spent on the imports of cold rolled sheets, while about half of its production capacity is empty.

This volume of imports, which has grown significantly by 142% compared to the same period two year ago, has also caused a decrease in production of this product.

 Iran exported over 4.9 million tons of steel products in the past 5 months of the current Persian calendar year (started on March 20), the country’s customs office announced.

Figures of Iran’s customs office showed that Iran had exported some 4.979 million tons of steel products in the five months and the exports of steel products from the country reached a total of $2.566 billion.

Steel ingots accounted for $651 million worth of exports while rebar and steel sheet were respectively responsible for $455 million and $210 million worth of the shipments in the April-August period, showed the figures.

Iran’s customs office said the country had exported $140 million worth of steel pipes or profiles and $135 million worth of semi-finished steel products over the same period.

Figures released earlier by the World Steel Association showed that Iran had produced 18.4 million tons of raw steel in January-July, up 2.9% from the same period last year.

The increased steel output in Iran came despite a global fall in production and despite power cuts imposed on steel producers in the country this summer.

The figures showed that Iran had remained the 10th largest steel supplier in the world in the seven months to July.

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