Copy in clipboard...
Steel exports post 17% rise, hit nearly $3b in five months
Iran’s steel exports grew 17% in volume in the first five months of the calendar year (began on March 21), reaching 796,000 tons, while export revenues rose 10% to almost $3 billion, the Iranian Steel Producers Association (ISPA) said in a new report.
The latest figures mark a turnaround after a decline recorded in the first quarter, IRNA reported.
Exports of upstream products continued to climb, with iron ore concentrate shipments surging 80% from the same period last year — a trend that has raised concerns among domestic steelmakers.
By contrast, rebar exports, which according to Iran’s Steel Statistical Yearbook accounted for more than 85% of long steel exports last year, fell 31% in the five-month period.