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Iran Imports of Steel Products in 3 Month Down 208%

Steel News - Published on Wed, 14 Aug 2019

Image Source: Tehran Times
According to figures by Iranian Steel Producers Association, Iran’s imports of steel products witnessed a 208% decrease during March 21-June 21, 2019, compared to the figure for the same period last year. In this period, the country imported 95,000 tonnes of steel products. The figure stood at 293,000 tonnes in the same duration a year ago. In addition, ISPA statistics pertaining to the country’s raw steel imports during the same time span of 2019 indicates an 83% drop YoY. The import figures pertaining to the three-month period to June 21, 2019 show that Iran’s purchase of iron girder, steel round bar, angle iron and structural channel declined 37% YoY to stand at 27,000 tonnes from 37,000 tonnes in the same period of last year.

The country’s imports of hot and cold rolled and galvanized sheets in the same three-month period of 2019 reached 68,000 tonnes, showing a 276% decrease compared to the figure for the corresponding period of 2018 which amounted to 256,000 tonnes. Moreover, Iran’s steel billet and bloom imports fell 80 percent during March 21-June 21, 2019, compared to the country’s purchases of the same products in the preceding year.

Iran’s raw steel production during the three-month period to June 21, 2019 stood at 6.63 million tonnes, indicating a five percent rise compared to that of the same period of a year ago, which was 6.29 million tonnes.

The country’s production of steel products in the same three-month period of 2019 amounted to 5.27 million tonnes, up 17% compared to its output in the same duration of 2018 which stood at 4.55 million tonnes.

During March 21-June 21, 2019, Iran exported 2.18 million tonnes of raw steel and steel products, of which 1.42 million tonnes pertained to the overseas sales of steel ingots and 758,000 tons to the sales of steel products in foreign markets.

Source :

Posted By : Ratan Singh on Wed, 14 Aug 2019
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