The Iranian Steel Producers Association shared export data for the first nine months of 2024. In the report, it was stated that the value of iron and steel exports decreased by 14% compared to the same period of the previous year, which corresponds to a loss of approximately 800 million dollars. The declines of 36 per cent and 16 per cent in billet and slab exports, respectively, stood out as the main factors in this decline.
According to the report, exports of long steel products increased, while flat steel products declined. However, the effect of leased commercial cards on long steel exports was noteworthy. On the other hand, exports of concentrate and pellets, the raw materials of the steel chain, continued to increase. Sponge iron exports painted a positive picture with a 9% increase in volume and 7% increase in value.
Uncertainties in global markets and rising energy costs are among the biggest challenges facing the industry. Iran's steelmakers aim to develop innovative solutions and more sustainable export-oriented strategies to enhance international competitiveness.
All these data show that the steel industry needs structural reforms and technological investments to gain a strong position in both regional and global markets.
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