Iran exported 4.375mn mt of steel semis and finished products, with the highest 76.8pc share of billets and blooms, in the first seven months of the Iranian calendar year (March 20-Sept 21), according to IRNA data. Zinc exports stood at 110,932mt, up by 34pc from the prior year
In the first seven months, Iran exported 4.375mn mt of steel ingot and finished products worth $1.59bn. Out of total exports, 76.8pc were of billets and blooms. According to Iran’s Industry, Trade, and Mining Ministry, steel exports in the seven-month period decreased by 37pc in terms of total value compared to the same period in the previous year. The total exports of steel ingots and products exceeded 10.5mn mt in the previous Iranian calendar year (ended on March 19).
Zinc exports stood at 110,932mt, which was 34pc up in the seven month period compared to the prior year. Exports of zinc and zinc products dropped off by 22pc in terms of value to $152mn.
In the first seven months, Iranian imports of steel products reached 633,665mt, up 51pc from the prior year period. Steel imports were worth $714.6mn over the same period, down by 32pc from the preceding year. In the same period, the country imported $6mn of zinc over 10,890mt, down by 77pc in terms of volume, and a 71pc drop in terms of worth in comparison to the prior year period.
In 2019, Iran was the world’s 19th leading steel ingot exporter and 53rd largest steel products exporter. The country exported $312mn and $252mn worth of crude steel and steel products with a total output of 26.8mn mt and 20.6mn mt in 2019. Imports of crude steel and steel products totaled at $42mn and $302mn, respectively.