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Consumption of steel products in Iran down

Business Materials 13 September 2021 11:06 (UTC +04:00)
Consumption of steel products in Iran down

BAKU, Azerbaijan, Sept. 13

By Elnur Baghishov – Trend:

Iran consumed about 7.75 million tons of raw steel during the first five months of the current Iranian year (from March 21 through August 22, 2021), Trend reports citing the Iranian Steel Producers Association (ISPA).

According to the statistics, this is a decrease of 24 percent compared to the same period last Iranian year.

"So, 10.1 million tons of raw steel was consumed in Iran in the same period of last Iranian year," the statistics said.

Furthermore, more than 6.46 million tons of steel products were consumed in Iran within the 5 months, which is a decrease of 19 percent compared to the same period last Iranian year, the statistics said.

Table for consumption of raw steel products:

Products

Consumption (in tons)

The first five months of the current Iranian year (from Mar. 21 through Aug. 22, 2021)

The first five months of the last Iranian year (from Mar.20 through Aug. 21, 2020)

Percentage change (%)

Billet and bloom

4.44 million

5.85 million

-24

Slab

3.3 million

4.29 million

-23

Total

7.75 million

10.1 million

-24

Table for consumption of steel products:

Products

Consumption (in tons)

The first five months of the current Iranian year (from Mar. 21 through Aug. 22, 2021)

The first five months of the last Iranian year (from Mar.20 through Aug. 21, 2020)

Percentage change (%)

Hot rolled steel sheet

3.07 million

3.84 million

-20

Cold rolled steel sheet

1.16 million

1.21 million

-4

Galvanized steel

553,000

577,000

-4

Table for consumption of long steel products:

Products

Consumption (in tons)

The first five months of the current Iranian year (from Mar. 21 through Aug. 22, 2021)

The first five months of the last Iranian year (from Mar.20 through Aug. 21, 2020)

Percentage change (%)

Steel poles

409,000

458,000

-11

Fittings

2.52 million

3.27 million

-23

Steel angle

267,000

290,000

-8

Total

3.19 million

4.02 million

-21

According to the statistics, Iran consumed 11.8 million tons of sponge iron over the first five months of the current Iranian year. This is a decrease of 7 percent compared to the same period last Iranian year. So, 12.7 million tons of sponge iron were consumed in Iran in the same period last Iranian year.

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