Iran Finished Steel Exports Rise 84% in Persian Year'19
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Iran's finished steel exports reached 2.98 MnT in the Persian Year'19 (ended March 20, 2019), up 84% compared with the corresponding period of 2018.
According to the Iranian Steel Producers Association's latest report, rebar has registered the highest exports with 1.65 MnT, registering a Y-o-Y growth of 177% as compared to previous Persian Year, while coated coils have registered the fastest Y-o-Y growth of 182% during the Persian year.
According to SteelMint Analysis, the prime reason for the elevated exports is the 11% increase in the production of finished and semi-finished steel in the Persian Year'19.
Total exports of semi-finished and finished steel were recorded at 7.88 MnT during last Iranian Year.
The below table shows the exports of finished products in Iranian Year'19 and their Y-o-Y growth.
| Particulars | Export Quantity in MnT | Y-o-Y |
| Rebar | 1.65 | +177% |
| Hot-rolled coil | 0.662 | -5% |
| Beams | 0.243 | + 45% |
| Other steel products | 0.212 | +165% |
| Coated coils | 0.172 | +182% |
| Cold rolled coils | 0.043 | +115% |
Source: ISPA
