Iran’s Steel Production Increases
Intermediate steel production reached 10, 864,000 tons in the first four months of this year, which indicates a 0.7% increase in the country's steel production compared to the same period in the previous year.
With a production of 311,000 tons in the first four months of this year compared to the same period last year, figures show a 39.5% decrease in steel production, although rebar production shows a 2.7% increase compared to the same period last year with 3, 516,000 tons.
The total production of long steel sections in the first four months of this year was 4, 124,000 tons, which has recorded a 3% decrease compared to the same period last year.
Hot and cold rolled steel also reported a 6% decrease in production, each separately, compared to the first four months of last year.
Earlier, ISPA, in a report, had said that the country’s mild steel production has had 4.6 percent grown in April.
The ISPA’s report showed that Iranian steel mills had produced 3.312 million metric tons (mt) of mild steel in the month to April 20.
Mild steel or semi-finished steel refers to three types of steel ingots, known as billet, bloom, and slab, that are used to make long steel products usually needed in the construction of buildings, roads, bridges, and other infrastructure.
A relevant report by Iran’s customs office said earlier this month that the country exported over 4.9 million tons of steel products in the past 5 months of the current Persian calendar year (started on March 20).
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.
4155/v
