News ID: 196189
Published: 1237 GMT July 07, 2017

Iran exported one-third of its steel output in two months

Iran exported one-third of its steel output in two months

Domestic Economy Desk

Iran exported one-third of its steel production (3.526 million tons) during March 21-May 21, 2017.

Exports of raw steel (billet) and steel products during this period stood at 1.84 million tons and 180,000 tons respectively, according to Iranian Mines and Mining Industries Development and Renovation Organization (IMMIDRO).

In the same period last year, Iran exported 748,000 tons of still billets and 509,000 tons of steel products. Thus, raw steel exports this year witnessed a 45-percent growth, while overseas sales of steel products dropped 65 percent.

In the same timespan this year, Iran imported 6,000 tons of raw steel and 351,000 tons of steel products, indicating an 81-percent and a 29-percent decrease, respectively, compared to the figures for the same duration a year ago, which were 30,000 tons and 496,000 tons.

Some 2.74 million tons of Iran’s total steel output was produced by the public sector and the remaining 786,000 tons by the private sector.

This year’s two-month steel billet production is 96,000 tons (12.96 percent) higher than the amount for last year, which was 3.15 million tons.

During mid-March-mid-May, 2017, the production of steel products stood at 3.24 million tons. The products included iron girder, steel coil, wide sheet, round bar, hot sheet, cold sheet and galvanized sheet. The figure indicates a 15-percent rise compared to that of the same period last year, which was 2.82 million tons.

About 1.93 million tons and 1.31 million tons of the total steel products’ output were produced by the public sector and private sector, respectively.

Resource: IMMIDRO
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