9,915.62 TRY BIST 100 BIST 100
4.51 CNY CNY CNY
34.89 EUR EUR EUR
32.51 USD USD USD
0.13 CNY CNY/EUR CNY/EUR
44.70 TRY Interest Interest
89.50 USD Fossil Oil Fossil Oil
27.20 USD Silver Silver
4.58 USD Copper Copper
119.16 USD Iron Ore Iron Ore
386.00 USD Ship Dismantling Ship Dismantling
2,438.11 TRY Gold (gr) Gold (gr)

Billet consumption increased in Iran

A significant amount of the increase in Iran's production of steel products was used in the domestic market.

Billet consumption increased in Iran

According to the data provided by the Iranian Steel Producers Association, the country's production and consumption of steel products in the domestic market are as follows:

Iran's long products production, which started in April, amounted to more than 990,000 tons by the end of May, of which around 823,000 tons were used for domestic consumption. Compared to the first two months of last year, the production volume increased by 2%.

The production of flat steel products decreased by 1% compared to last year, reaching 851 thousand tons, of which 848 thousand tons were used for domestic consumption.

According to the statistics, the biggest increase in the consumption of steel products was determined as billet. The country produced 3 million tons of billets, of which 2,432,000 tons were used for domestic consumption in April and May, 22% of the amount consumed in April and May last year.

Sponge iron consumption increased by 4% from 3 million 241 thousand tons to 3 million 357 thousand tons.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Committee formed to revive Pakistan Steel Mills

Saturday, April 27, 2024

Vişne Madencilik launches IPO process

Wednesday, April 24, 2024

Performance of Korean steel giants decreased in the first quarter

Saturday, April 27, 2024

Israel acts to limit scrap metal exports amid supply shortage

Wednesday, April 24, 2024

China's steel surplus problem faces global boycotts

Saturday, April 27, 2024
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now