Steel production chain exports up 27% in seven months: ISPA
Iranian Steel Producers Association (ISPA) said in a report published on Monday that the export value of the country's steel production chain had registered a 27-percent growth in the seven months of the Iranian calendar year (starting March 21).
The report said the volume of the country's iron and steel exports has increased by 34 percent and the total volume of exports of the entire steel industry chain has increased by 43 percent.
“The export value of the country's iron and steel chain products in the seven months of this year has grown by 27 percent to more than four billion and 600 million dollars,” ISPA said.
“The upward trend of exports in the raw materials of the steel chain continues, so that the volume of iron ore concentrate exports has grown by 82% compared to the previous seven months of last year, which has caused concern for steelmakers because the concentrate is the raw material of steel factories, and increasing its exports in the form of raw sales makes the supply of raw materials difficult.”
The report pointed to the continuation of a downward trend in the volume of exports of long steel sections as an important issue, saying that rebar exports, which account for a major share of more than 85 percent of the export tonnage of long steel sections last year, have decreased by 18 percent.
ISPA also said the export value of all types of steel sheets has increased almost threefold and has reached more than $408 million.