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Iran increases consumption of steel products

Business Materials 28 October 2020 14:07 (UTC +04:00)
Iran increases consumption of steel products

BAKU, Azerbaijan, Oct. 28

By Elnur Baghishov – Trend:

Iran consumed about 11.8 million tons of raw steel over the first six months of the current Iranian year (March 20-September 21, 2020), Trend reports citing the Iranian Steel Producers Association (ISPA).

According to the statistics, this is an increase of 19 percent compared to the same period last Iranian year.

“Thus, 9.91 million tons of raw steel was consumed in the same period last Iranian year, the statistics said.

Furthermore, 10.4 million tons of steel products were consumed in Iran during the reporting months, which is an increase of 22 percent compared to the same period last Iranian year.

Products

Consumption (in tons)

First six months of the current Iranian year (March 20-September 21, 2020)

First six months of the last Iranian year (March 21-September 22, 2019)

Percentage change

Steel poles

564,000

452,000

25

Fittings

3.91 million tons

2.77 million tons

41

Steel angle

352,000

330,000

-7

Long steel products

4.83 million tons

3.56 million tons

36

Hot rolled steel sheet

4.58 million tons

4.15 million tons

10

Cold rolled steel sheet

1.44 million tons

1.29 million tons

12

Galvanized steel

845,000

799,000

-6

Steel Rollers

4.74 million tons

4.11 million tons

15

All steel products

10.4 million tons

8.52 million tons

22

Billet and bloom

6.65 million tons

5.56 million tons

20

Slab

5.17 million tons

4.36 million tons

19

Raw steel

11.8 million tons

9.92 million tons

19

Sponge steel

15.4 million tons

13.6 million tons

13

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