Iran: Semi Finished Steel Exports Fall 23%
According to Iranian Steel Producers Association, the country has exported around 2.2 MnT of finished and semi-finished steel products in the first three months of Iranian year (March 21-June 20) to register a Y-o-Y decline of 12%.
Semi finished products occupied the major share. Exports of semi finished products were recorded 1.42 MnT which is 65.27% of the total export. However, the commodity still witnessed a Y-o-Y decline of 23%. Billet and bloom occupied the largest share of semis export with an aggregate 904,000 MT marking 14% Y-o-Y decline. Slab followed with 521,000 MT, down 35% Y-o-Y.
Finished steel products witness a Y-o-Y rise of 20% to reach 758,000 MT. Long steel products had the major share of finished products with a total of 561,000 MT to register 53% growth Y-o-Y. Flat steel exports were recorded at 197,000 MT to register a Y-o-Y decline of 26%.
Steel imports drop 67%
Import of almost all steel products fell during the three-month period compared to the same period last year. The ISPA report shows steel imports stood at 96,000 MT in the three months to June 21, to register 67.9% decline Y-o-Y.
Imports mostly included flat steel products with 68,000 MT, down 73% Y-o-Y, while that of long products were recorded at 27,000 MT to register a Y-o-Y decline of 27%
9% Growth in Steel Output
The ISPA report shows steelmakers produced 11 MnT of products during Q1 to register 9.7% growth compared to the same Q1 the year before. Semi-finished steel made up 6.63 MnT of the total output, up 5% YOY.
Semis Apparent Usage Up 17%
Iran's apparent steel usage stood at 5.21 MnT for semis, up 17%; and hit 4.6 MnT for finished products, up 9% Y-o-Y.
While for semis, usage of billet and bloom grew 31% to 3.03 MnT, while that of slab dropped 2% to 2.17 MnT.
source: SteelMint
Top News
Six last month
MinRes halts Bald Hill mine amid lithium price rout
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
Iran Alloy Steel Company intends to purchase 12 tons of ferrotungsten through public tender
Swapping aluminum for copper will maintain China’s resources, group says
Gold loses some luster after Trump’s decisive win
Hedge funds slash bullish wagers on gold over Trump election win
Iron ore price flirts with key $100/t level on firm demand, China stimulus hopes
Families gather at South African mine shaft where hundreds are feared stuck underground
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
