Mobarakeh Steel leads Iranian May export surge

Posted on 07 June 2018

Source: Kallanish

Iran’s major steelmakers recorded a 36% on-year rise in exports in the Iranian month through 21 May to 859,000 tonnes, according to Iranian Steel Producers’ Association (ISPA) data published on ISPA’s online Chilan portal.

Khouzestan Steel (KSC) was the largest exporter that month with 359,470t, up 23% on-year, followed by Mobarakeh Steel (MSC) with 203,128t, up 128%, and Esfahan Steel (Esco) with 137,892t, up 96%.

With two months to go until the US re-imposes economic sanctions on Iran, the Middle Eastern country’s exporters are looking to get the most out of the remaining time, ISPA comments.

In the two months through 21 May Iran’s major steelmakers saw exports grow 25% on-year to 1.28 million tonnes.

KSC grew exports 7% to 491,282t, MSC by 73% to 241,910t and Esco by 46% to 193,700t.

Last Iranian year exports of semi-finished products surged 84% on-year to 6.87mt, with a large portion of both billet and slab going to Thailand and United Arab Emirates (see Kallanish passim).

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