Iran: Steel Output of Major Mills Up 11% Y-o-Y

During the first eleven months of the current fiscal year (21 Mar'19 - 20 Feb'20), Iran's major steel producers produced approximately 30.88 MnT of steel; semis and finished.

The finished steel production of these major producers stood at 12.3 MnT including hot- and cold-rolled coils, rebar, beams, pipes, wide and galvanized sheets to book a Y-o-Y growth of 7% during the first eleven months. Meanwhile, semis production of these heavyweight steel producers was recorded at 18.57 MnT for eleven months. From the growth perspective, the country's semis production registered a Y-o-Y growth of 4% during the first eleven months.

With an output of 15.82 MnT, Mobarakeh Steel Company held the largest share of steel production in Iran during the first eleven months of the current fiscal year (21 Mar'19 - 20 Feb'20). The company's finished steel and semis production were recorded at 7.43 MnT and 8.38 MnT respectively. The company's finished steel production posted a Y-o-Y growth of 2%.

In finished steel production, MSC was followed by Esfahan Steel Company (ESCO) with 2.13MnT (up 6% Y-o-Y), Oxin Steel Company with 714,852 MT (up 29% Y-o-Y). The below table shows the major producers of finished steel during the first nine months of the current Iranian year.

Company-wise Iran's finished steel output in 11 eleven months

Company-wise Iran's semi-finished steel output in 11 eleven months

In semis production, MSC was followed by KSC with 3.39 MnT (down 3% Y-o-Y), ESCO with 2.21MnT (up 6% Y-o-Y). The below table shows the major producers of semis during the first eleven months of the current Iranian year.

~Inputs from Financial Tribune