Iran semi-finished steel exports up 84%Staff Writer | December 25, 2017
Iran’s semi-finished steel exports during the eight months since the beginning of the current fiscal year (March 21-November 21) stood at 4.22 million tons, growing 84% year-on-year, the Iranian Steel Producers Association announced.
Industry 27.14 million tons of steel
Extending this year’s market trend were finished steel products, marking a continuous drop in shipments. Exports shrank 35% to 940,000 tons for the eight-month period.
Hot-rolled coil was the main exported commodity in this sector with 373,000 tons, dropping 60.1% YOY. Less than 3-mm HRC exports, however, jumped 1,900% to 19,000 tons for the period, while thicker materials were still down.
Rebar exports came next with 358,000 tons, followed by beams with 113,000 tons, “other steel products” with 46,000 tons, coated coil with 43,000 tons and cold-rolled coil with 7,000 tons. Beams and CRC were the only commodities posting a downturn in shipments.
Steel exports are expected to reach 8 million tons in the current fiscal year (ending March 20, 2018), according to former industries minister, Mohammad Reza Nematzadeh.
The most significant uptick in shipments, however, was recorded for direct-reduced iron, with Iran as the largest producer of the commodity in the world facing a considerable surplus of the material.
DRI exports surged 542% to 507,000 tons for the period, according to ISPA statistics, while production stood at 14.6 million tons, up 22%.
Imports were down for all products. Semis imports dropped 80% to 33,000 tons and finished steel imports stood at 1.49 million tons, down 26% YOY. CRC was the only material showing growth in imports–up 9%.
Iranian steelmakers produced 27.14 million tons of steel in the eight-month period to record a 12% YOY growth.
Semi-finished products made up 14.14 million tons of it, up 15%. Billet and bloom output stood at 7.52 million tons while that of slab reached 6.62 million.
Finished steel output was at 12.99 million tons, up 9% YOY.
HRC had the lion’s share of production with 5.08 million tons, followed by rebar with 4.1 million tons, CRC with 1.57 million tons, coated coil with 1.01 million tons, beam with 665,000 tons and “other steel products” with 553,000 tons. ■