Steel exports rise 11% in 10 months yr/yr
Iran exported over 6.049 million tons of steel during the first ten months of the current Iranian calendar year (March 21, 2021-January 20, 2022), which was 11 percent more than the figure of the same period of time in the past year.
Khouzestan Steel Company posted the best performance through exporting 1.51 million tons of steel in the ten-month period, followed by Mobarakeh Steel Company and Esfahan Steel Company by exporting 980,758 tons and 937,906 tons, respectively.
Slab produced by Sirjan Jahan Steel Company registered the highest export rise in the mentioned period, as the export of product rose 150 percent.
As reported, steel export fell 10 percent in the tenth month of this year from that of the previous year.
According to the Iranian Steel Producers Association (ISPA), Iranian exports of steel during the previous Iranian calendar year declined 13.1 percent compared to the figure for the preceding year.
Based on the association’s data, the country exported nine million tons of steel in the previous year.
Over 2.839 million tons of steel products were also exported in the mentioned year, registering an 18-percent decline year on year.
The Iranian Steel industry has been constantly developing over the past years against all the pressures and obstacles created by outside forces like the U.S. sanctions and the coronavirus outbreak that has severely affected the performance of the world’s top producers.
The country is expected to climb to seventh place among the world’s top steel producers by the Iranian calendar year 1404 (March 2025).
The production capacity of the country's steel chain increased from 123 million tons in the Iranian calendar year 1392 (ended in March 2014) to 230 million tons in the previous year (ended on March 20).
Based on the latest report released by the World Steel Association (WSA), Iran has maintained its place as the world’s 10th biggest steel producer during January-October, 2021.
Production of crude steel in Iran reached 22.4 million tons during the mentioned time span to register a 5.7-percent decline year on year, the report said.
Source: Tehran Times
Related News
Top News
Six last month
Iran Alloy Steel Company intends to purchase 12 tons of ferrotungsten through public tender
Iran Alloy Steel Company intends to purchase 150 tons of Low-Carbon Ferro Manganese through public tender
Gold price faces worst week since 2021 as Fed signals no rate-cut rush
Gold loses some luster after Trump’s decisive win
Iron ore price flirts with key $100/t level on firm demand, China stimulus hopes
Hedge funds slash bullish wagers on gold over Trump election win
Resolute Mining says it will pay Mali $160 million in tax dispute
Families gather at South African mine shaft where hundreds are feared stuck underground
Higher silver supply to reduce global deficit by 4% in 2024
BHP to spend up to $14 billion on Chilean copper expansion
Chile’s rare salt flat fish faces threat from lithium mining project
British Columbia creates new mining ministry to tackle critical minerals amid doubts over capacity
China’s germanium, gallium ban could cost the US $3.4 billion
South Africa police standoff with illegal gold miners escalates
Iran Alloy Steel Company intends to purchase 150 tons of Low-Carbon Ferro Manganese through public tender
Iran Alloy Steel Company intends to purchase 12 tons of ferrotungsten through public tender
Iron ore price flirts with key $100/t level on firm demand, China stimulus hopes
Newmont sells Ontario gold mine to Orla for $850 million
BHP warns Australian mining not ready for low-cost competitors
Iran Alloy Steel Company intends to purchase 12 tons of ferrotungsten through public tender
Iran Alloy Steel Company intends to purchase 150 tons of Low-Carbon Ferro Manganese through public tender
Chile’s rare salt flat fish faces threat from lithium mining project
British Columbia creates new mining ministry to tackle critical minerals amid doubts over capacity
Newmont sells Ontario gold mine to Orla for $850 million
BHP warns Australian mining not ready for low-cost competitors
Resolute Mining says it will pay Mali $160 million in tax dispute
Trump chooses oil fracking boss as energy secretary
Gold loses some luster after Trump’s decisive win
