Nine major Iranian steelmakers reported a -44% on-year decline in combined steel exports in the month through 20 March to 457,585 tonnes, according to the Iranian Steel Producers Association.
Khouzestan Steel (KSC) saw exports drop -30% to 183,523t, while Esfahan Steel (Esco)’s shipments abroad fell -27% to 91,654t and Mobarakeh Steel (MSC)’s standalone exports were down -61% to 94,353t.
In the Iranian year through 20 March 2019 these nine steelmakers’ exports thus fell -25% on-year to 5.55 million tonnes.
KSC's shipments abroad dropped -21% to 2.18mt, Esco’s fell -22% to 902,255t and MSC’s declined -32% to 878,037t. South Kaveh Steel (SKS) saw exports fall -14% to 690,000t and MSC subsidiary Hormozgan Steel reported a -47% drop to 582,126t. Khorasan Steel’s exports, however, surpassed 100,000t for the first time, reaching 129,589t.
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 sold rebar at comparatively low prices in Turkey and Lebanon, among other destinations (see Kallanish passim). Last month Iran implemented a ban on steel exports by anyone other than steel producers who have received industry ministry approval.
In the 11 months through 19 February Iranian billet and slab exports fell -13% and -42% respectively on-year to 2.93mt and 1.55mt but finished product exports surged 90% to 2.61mt (see Kallanish passim).