Iran’s Steel Production Rise by around 9%

According to Mining News Pro - According to the Iranian Steel Producers Association`s latest report, semi-finished steel made up 22.87 MnT of the total output, up 11% Y-o-Y. Billet and bloom production was recorded at 13.95 MnT while that of slab was at 8.91 MnT to register a 19% Y-o-Y rise and 1% Y-o-Y decline respectively.

Meanwhile, finished steel output hit 16.59 MnT mark to book a Y-o-Y growth of 6%.

-- Long steel products had the major share in finished steel production with 8.41MnT, up  8% Y-o-Y. Rebar had the major share in the category with 6.79MnT (up 8% Y-o-Y)

-- While, flat steel production reached 8.17MnT by posting a 4% Y-o-Y rise. HRC production was recorded at 6.92 MnTby registering a Y-o-Y growth of 5%, followed by CRC with 2.17 MnT (up 4% Y-o-Y)

Direct-reduced iron production stood at 23.68 MnT during the ten-month period, indicating an 8% rise Y-o-Y.