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Iran's steel exports increased

The steel industry in Iran has reported growth in export values, soaring to approximately $1.2 billion, an increase of 18%.

Iran's steel exports increased

The steel industry in Iran has reported growth in export values, soaring to approximately $1.2 billion, an increase of 18%.

Surge in Steel Chain Product Exports:
Export figures reveal a staggering 66% increase in the export volume of steel chain products, totaling approximately 30 million tons. This remarkable surge has been buoyed by significant growth in the export of iron ore concentrate and iron ore pellets, underlining the industry's capacity to capitalize on emerging market demands.

Expansion in semi-finished Steel Exports:
A noteworthy 4.3% increase in the volume of semi-finished steel exports has been recorded, attributed primarily to a remarkable 23.1% growth in slab exports. This expansion underscores the industry's robust supply chain and capacity for sustained growth.

Rebar Exports Face Challenges:
Despite overall growth in export volume, rebar exports have encountered a hurdle with a 5.6% decrease in export value, equivalent to a $75 million reduction. This decline, however, occurs concurrently with a 5.4% increase in export volume, signaling potential shifts in market dynamics and pricing strategies.

Growth in Iron Ore Concentrate Exports:
An exceptional 621% growth, representing a more than seven-fold increase, has been reported in the export volume of iron ore concentrate. While this surge is remarkable, it is important to note a decline compared to 11-month iron statistics, suggesting fluctuations in market demand and supply dynamics.

Sponge Iron Exports Show Steady Performance:
Sponge iron exports, while exhibiting a decrease in growth rate compared to previous months, have maintained a steady performance, with an overall export of approximately 1.5 million tons in the year 1402 (2023-2024). This resilience underscores the industry's ability to navigate evolving market conditions and maintain competitiveness.

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SteelRadar Insight - Sayı 1 (Haziran 2024)

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