Iran Billet Export Decreases by 18% M-o-M
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As per vessel line up data maintained by SteelMint, Iran exported around 217,000 MT billet in the 7th month of Persian Year (23 Sep-22 Oct'17). Export was down by 18% M-o-M against 264,500 MT billet exported in the 6th month of Persian year (23 Aug-22 Sep'17).
Major reason for decline in the export can possibly be because of limited trade happening in China as China was closed from 1-9 Oct'17. Also the domestic billet market of Iran was very volatile because of which market witnessed price fluctuation in mid of the month.
Major Importers:
Major importing nation during the period were Egypt (60,000 MT), UAE (57,000 MT) and Sudan (35,000 MT).
| Month | Country | Quantity |
| 23 Aug-22 Sep'17 | China | 52,000 |
| 23 Aug-22 Sep'17 | Oman | 24,000 |
| 23 Aug-22 Sep'17 | Indonesia | 50,000 |
| 23 Aug-22 Sep'17 | Jordan | 20,000 |
| 23 Aug-22 Sep'17 | UAE | 30,000 |
| 23 Aug-22 Sep'17 | Oman | 28,500 |
| 23 Aug-22 Sep'17 | Indonesia | 20,000 |
| 23 Aug-22 Sep'17 | UAE | 40,000 |
| 23 Sep-22 Oct'17 | Sudan | 35,000 |
| 23 Sep-22 Oct'17 | Egypt | 50,000 |
| 23 Sep-22 Oct'17 | Mexico | 15,000 |
| 23 Sep-22 Oct'17 | Morocco | 20,000 |
| 23 Sep-22 Oct'17 | Abu Dhabi | 30,000 |
| 23 Sep-22 Oct'17 | UAE | 22,000 |
| 23 Sep-22 Oct'17 | Egypt | 10,000 |
| 23 Sep-22 Oct'17 | UAE | 35,000 |
| Total | 481,500 |
Quantity in MT
Source: SteelMint Research, JTC Iran
Iran Semi-Finished Steel Production
Major Steel Manufactures Produced 8.18 MnT Semi-Finished Steel in H1 as per the recent statistical data released by IMIDRO. Out of which production of slab was around 4.82 MnT, Production of Billet was around 1.16 MnT and Bloom was around 2.19 MnT.
Standalone in 6th Month of Persian Year i.e. in Shahr?var Month, the production of semi-finished steel was around 1.43 MnT up by 8% M-o-M against 1.33 MnT produced in 5th month of Persian Year i.e. Mordad.
