Iran: Steel production rise by 5% y-o-y during H1 Persian Year

The Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) has recently published the production figures of Iran's major steel producers for the current H1 Persian year (22 Mar-22 Sept'20). According to the report, the steel (semi-finished + finished) production of these mills has increased by 5% y-o-y to reach 18.5 mn t. The semi-finished steel production stood at 11.24 mn t (up by 7% y-o-y) while finished steel was recorded at 7.26 mn t (up by 3% y-o-y).

MSC remained the largest producer - Mobarakeh Steel Company (MSC), Khouzestan Steel Company (KSC), Esfahan Steel Company (ESCO), South Kaveh Steel (SKS), Chadormalu Mining and Industrial Company, Khorasan Steel Company, and Oxin Steel Company stood as the prominent steel producers.

Other key producers of finished products were Chaharmahal-Bakhtiari Automotive Sheet Company, Ahvaz Rolling and Pipe Manufacturing Company, and INSIG.

The IMIDRO report takes into account the export of heavyweight Iranian steel mills only. However, a comprehensive report detailing the performance of small-scale exporters will be published by the Iran Steel Producers Association (ISPA).

Figures in t

Source: Financial Tribune