Iran’s annual steel exports fall 13% yr/yr

April 27, 2021 - 14:12

TEHRAN - Iran’s export of steel during the previous Iranian calendar year 1399 (ended on March 20) declined 13.1 percent compared to the figure for the preceding year, data released by the Iranian Steel Producers Association (ISPA) showed.

Based on the mentioned data, the country exported nine million tons of steel in the previous year while the exports in the Iranian calendar year 1398 stood at 10.362 million tons, IRNA reported.

According to ISPA, over 2.839 million tons of steel products were also exported in the mentioned year, registering an 18-percent decline year on year.

As ISPA data indicated, the exports of steel products, intermediate steel and sponge iron all declined last year, and despite significant output growth and the demand decline in domestic construction sector, the exports of the mentioned products did not increase due to the pandemic.

Based on the Industry Ministry data, major Iranian steel producers managed to produce over 22.54 million tons of steel ingots in the previous calendar year, registering an eight percent rise year on year.

Mobarakeh Steel Company had the best performance with a production of 9.8 million tons of the mentioned product while the highest production growth was registered by Sirjan Steel World Company with 141 percent growth.

The country’s major steel producers also manufactured 14.588 million tons of steel products last year to register a three-percent rise year on year.

Iran is currently the tenth largest steelmaker in the world and is estimated to climb to seventh place by the Iranian calendar year 1404 (March 2025).

The country produced 7.5 million tons of crude steel in Q1 2021, to maintain its place as the 10th biggest steel producer in the first three-month of 2021, Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) announced referring to the data released by the World Steel Association (WSA).

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