Iron, steel exports rise 26% to nearly $4b in H1: ISPA

Iran’s exports of iron and steel chain products climbed 26% in value to almost $4 billion in the first six months of the current year (began on 21 March), data from the Iranian Steel Producers Association (ISPA) showed.
The volume of exports in the iron and steel sector rose 34% year-on-year during the same period, while total exports across the entire steel production chain jumped 45%, Mehr reported.
Exports of upstream products, particularly iron ore concentrate, continued to grow sharply, doubling in volume compared to the first half of last year. The surge in raw material exports has raised concerns among domestic steelmakers, the report added.
In contrast, exports of long steel products continued to decline significantly. Rebar — which accounted for more than 85% of long steel exports last year — saw a 22% drop in shipments in the six-month period.
Meanwhile, exports of steel sheets nearly tripled to over $320 million, driven by what the report described as a stronger export-oriented strategy adopted by Iranian steel companies.
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