Iran's Steel Production Rise by around 9% Y-o-Y
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Iran's steel output was recorded at 39.46 MnT during the first 10 months of the current Iranian year (21 Mar'19 - 20 Jan'20) to register a Y-o-Y rise of 8.79%.
According to the Iranian Steel Producers Association's latest report, semi-finished steel made up 22.87 MnT of the total output, up 11% Y-o-Y. Billet and bloom production was recorded at 13.95 MnT while that of slab was at 8.91 MnT to register a 19% Y-o-Y rise and 1% Y-o-Y decline respectively.
Meanwhile, finished steel output hit 16.59 MnT mark to book a Y-o-Y growth of 6%.
-- Long steel products had the major share in finished steel production with 8.41MnT, up 8% Y-o-Y. Rebar had the major share in the category with 6.79MnT (up 8% Y-o-Y)
-- While, flat steel production reached 8.17MnT by posting a 4% Y-o-Y rise. HRC production was recorded at 6.92 MnTby registering a Y-o-Y growth of 5%, followed by CRC with 2.17 MnT (up 4% Y-o-Y)
Direct-reduced iron production stood at 23.68 MnT during the ten-month period, indicating an 8% rise Y-o-Y.
Iran steel output in first ten months of Iranian year -
| Category | Commodity | Sub Commodity | Production in MnT | Y-o-Y Change in % |
| Semi-Finished Steel | Billet & Bloom | - | 13.95 | +19% |
| Slab | 8.91 | -1% | ||
| Total | 22.87 | +5% | ||
| Finished Steel | Long | Rebar | 6.79 | +9% |
| Beam | 0.94 | +12% | ||
| L, T and other Beam Types | 0.67 | +11% | ||
| Total | 8.41 | +8% | ||
| Flat | HRC | 6.92 | +5% | |
| CRC | 2.17 | +4% | ||
| Coated Coil | 1.43 | +25% | ||
| Total | 8.17 | +4% | ||
~Inputs from Financial Tribune
