Iranian exports drop further in February

Posted on 14 March 2019

Source: Kallanish

Major Iranian steelmakers reported a -51% on-year drop in exports in the month through 19 February to 373,888 tonnes, Kallanish learns from the Iranian Mines and Mining Industries Development and Renovation Organization (Imidro).

In the 11 months through 19 February these exports dropped -22% on-year to 5.1 million tonnes.

Iran’s largest steel exporter, Khouzestan Steel, saw one-month shipments abroad fall -43% to 159,387t, while 11-month exports dropped -20% to 2mt.

Esfahan Steel’s one-month exports fell -32% to 71,733t, while 11-month shipments declined -21% to 810,601t.

Mobarakeh Steel’s exports fell -84% in the month through 19 February to 27,739t and 11-month exports declined -25% to 783,684t.

The re-imposition since last August of US economic sanctions on Iran has severely hampered the country’s ability to sell steel abroad. Iran has recently been heard trying to sell rebar at comparatively low prices in Turkey and Lebanon, among other destinations (see Kallanish passim).

According to Iranian Steel Producers’ Association data, Iranian billet exports in the ten months through 20 January dropped -15% on-year to 2.51mt, while slab exports slumped -39% to 1.46mt. Finished product shipments abroad, however, surged 102.5% to 2.4mt. 

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