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Iran steel output reached 30 million tonnes in 9 months- The 19th China£¨Guangzhou£©Int¡¯l Sheet metal machinery,Forging, Stamping and Setting Equipment Exhibition
1/17/2018 Sheetmetal machinery, Forging, Stamping expo |
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Financial Tribune reported that Iranian steelmakers produced 30 million tonnes of steel during the first nine months of the current fiscal year (March 21-Dec. 21) to register a 12.5% growth compared with last year¡¯s corresponding period. According to the latest statistics provided by Iran Steel Producers Association, semi-finished steel made up 16.07 million tons of the output, up 16% year on year.
It said that "Billet and bloom" output stood at 8.53 million tonnes while that of slab reached 7.54 million tons, recording a 17% and 15% YOY growth respectively.
As for finished steel, the output increased 9% YOY to reach 14.63 million tonnes.
Finished steel production has followed a rising trend this year for all products, except for beam and rebar.
Hot-rolled coil had the lion¡¯s share of finished steel production with 5.75 million tonnes, up 9% YOY; followed by rebar with 4.6 million tonnes, down 8% YOY; cold rolled coil with 1.75 million tonnes, up 29% YOY; coated coil with 1.13 million tonnes, up 42% YOY; beams with 765,000 tonnes, down 2% YOY; and ¡°other steel products¡± with 628,000 tonnes, up 133% YOY.
The drop in long steel output is mainly the result of subdued demand in the construction sector. Government spending on the sector is also forecast to decline in the next fiscal year (March 2018-19) due to slashed development allocations in the new budget bill.
Analysts believe the worsening local demand is encouraging steelmakers to capitalize on exports.
Iran¡¯s direct-reduced iron production is also on the rise. It stood at 16.53 million tonnes during the nine-month period, indicating a 22% rise YOY. Semi-privatized steelmakers accounted for 11.75 million tonnes of the output and private mills for 4.78 million tonnes, with their YOY growth at 14% and 46% respectively.
Private steel producers are still no match for giant semi-privatized mills in terms of total production, but have consistently notched higher growth figures every month in the current fiscal year.
Semi-private mills produced 11.88 million tonnes of semis and 8.77 million tonnes of finished steel to mark an 11% and 4% uptick respectively YOY.
Private producers, on the other hand, jumped 34% in semi output and 18% in finished steel production to reach 4.18 million tonnes and 5.86 million tonnes respectively.
Major Iranian steelmakers have exported 5.11 million tonnes of semis and finished steel in the nine months, up 26% YOY, according to statistics released by the Iranian Mines and Mining Industries Development and Renovation Organization.
IMIDRO statistics show that the export volume for Azar, the ninth month of the Iranian year (Nov. 22-Dec. 21), stood at 529,348 tonnes, up 10% year on year.
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The 19th China£¨Guangzhou£©Int¡¯l
Sheet metal machinery,Forging, Stamping and Setting Equipment Exhibition
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