Iran: Finished steel exports up 30% y-o-y in Mar-Nov'21

Iran's finished steel exports in the first eight months of the current Persian Year (Mar-Nov'21) stood at 2.19 million tonnes (mn t), registering a significant 30% rise as against the same period last year, according to the latest data released by the Iranian Steel Producers Association (ISPA).

• Exports of long and flat products were recorded at 1.78 mn t and 0.41 mn t, respectively in this period. Exports of long steel increased by 45% while those of flat steel were down by 10%, on a y-o-y basis.
  
  
• The export volumes of billets and blooms in the first eight months totalled 3.22 mn t, up 12% compared to the corresponding period last year (CPLY).
  
  
• Slab export volumes were recorded at 1.58 mn t, higher by 73% over CPLY.
  
  

Iran's finished steel exports fell sharply due to the Covid-19 outbreak, sluggish international trade as well as restrictions on electricity consumption and widespread blackouts which prevailed in the second quarter of this year. However, with easing in power supplies, the country's exports improved.

Despite the ups and downs in the last few months, the Iranian steel industry managed to export higher volumes in the first eight months of the current Persian Year compared to the same period last year.