Steel chain exports register 38% surge in 10 months: ISPA
Exports from Iran’s steel value chain rose sharply in the first 10 months of the current Iranian year (began on March 21), with iron and steel shipments increasing 27% and total steel chain export volume climbing 38%, the Iranian Steel Producers Association (ISPA) said, according to IRNA.
The association reported that export value of iron and steel chain products during the period that began March 21 surpassed $6.5 billion — the total for the whole of last year — marking a 22% increase.
Exports of upstream raw materials continued their upward trend, with shipments of iron ore concentrate and pellets totaling 20 million tons. Volumes of concentrate and pellets rose 68% and 28% respectively compared with the same period last year.
By contrast, exports of long steel products fell 10% year-on-year in the 10-month period. Among them, I-beams posted the steepest decline, dropping 33%, while rebar exports decreased 17%, according to ISPA.
Flat steel products moved in the opposite direction, recording a 195% surge in export volume compared with the same period last year. The value of steel sheet exports rose 132% to about $563 million during the period.