Iran: Steel production increases marginally y-o-y in first three months of current Persian year

• Finished steel output inches up
  
  
• DRI production rises 14% y-o-y
  
  

Iran's finished steel production in the first three months of the current Persian year (21 March, 2024-20 June, 2024) stood at 6.02 million tonnes (mnt), a marginal increase of 1.2% compared to the same period of last year, according to recent data released by the Iranian Steel Producers Association (ISPA).

Out of the total volume, production of long products were recorded at 3.3 mnt, down by 2.8% y-o-y, while flat product output rose by 6.6% y-o-y to 2.71 mnt.

Meanwhile, semi-finished steel output stood at 9.03 mnt in the period under review, a slight decrease of 1.6% as against 9.17 mnt in the same period of last year. Billets and blooms accounted for 5.52 mnt of total semis output, down by 2.6% y-o-y. Production of slabs remained largely stable y-o-y at 3.50 mnt.

As per data, direct reduced iron (DRI) production stood at 11.36 mnt in the period under review, a rise of 14% compared to 9.97 mnt in the year-ago period.