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Iran July to August Steel Exports increase by 37%

Steel News - Published on Tue, 17 Sep 2019

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Press TV reported that Iran’s main government body active in the steel industry says monthly exports from the country have increased by more than a third. IMIDRO said that steel exports recorded between July 23 and August 22 this year had surged to 633,050 tonnes, up from 462,000 tonnes in the same period last year. The holding said Khouzestan Steel Company a major mill located southwest of Iran, topped the list of nine big exporting companies with 174,772 tonnes while Iran Alloy Steel Company came last with a total exports of 510 tonnes in the monthly period.

IMIDRO said leading steel mills had shipped a total of 2,904,366 of cargoes to foreign customers in the five months ending August 23, 2019, down four percent compared to the similar period in 2018.

A major global producer and exporter of steel, Iran has sought to increase output despite economic woes that have affected downstream sections of the industry.

The government said earlier this month that it would slap a harsh tariff of 25% on exports of raw iron to help steel mills struggling with low stocks. Official data suggest Iran’s annual steel output hit a record of 35 million tonnes in the year ending March 2019 while exports stood at seven million tonnes.

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Posted By : Rabi Wangkhem on Tue, 17 Sep 2019
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