Iran semis exports slump, but steel consumption improves

Posted on 07 August 2019

Source: Kallanish

Iranian semi-finished product exports declined -23% on-year in the three months through 21 June, or first quarter of the Iranian year, to 1.43 million tonnes, according to Iranian Steel Producers Association data. However, finished product exports increased, as did overall apparent steel consumption.

Three-month billet and slab exports fell -14% and -35% on-year respectively to 904,000t and 521,000t.

Finished product exports rose 20% to 758,000t thanks to a 65% surge in rebar shipments to 479,000t and despite a -46% drop in hot rolled coil exports to 131,000t. Cold rolled coil exports soared 288% to 31,000t and coated sheet shipments abroad were up 106% to 35,000t. Sections exports fell -20% to 37,000t.

Direct reduced iron exports, meanwhile, rose 26% to 224,000t.

Apparent finished product consumption increased 9% to 4.61mt, with HRC use up 12% to 2.17mt and rebar use up 11% to 1.59mt. Notably, sections use surged 29% to 268,000t but CRC use was down -3% to 634,000t.

Apparent semis consumption rose 17% to 5.21mt and DRI use increased 10% to 7.05mt.

As for finished steel imports, these declined -68% in the three months to 95,000t.

Three-month finished steel production rose 16% to 5.27mt, semis output was up 5% to 6.64mt and DRI production grew 10% to 7.27mt (see Kallanish passim). 

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