In the first two months (March 20-May 20) of the current Iranian year, Iran saw a significant decline in steel export shipments. Among the main reasons for such a negative development were the coronavirus outbreak worldwide and, in particular, new restrictions on exports of long steel products imposed by the Iranian government.
According to the Iranian Steel Producers Association, Iran’s steel exports amounted to 661,000 mt in the given period, falling by 49.2 percent year on year. In particular, in the given period Iran’s semi-finished steel exports decreased by 53.5 percent year on year to 414,000 mt. While billet and bloom exports fell by 40 percent year on year in the first two months of the Iranian year, to 343,000 mt, and slab shipments declined by 78 percent year on year to 71,000 mt, SteelOrbis has learned.
In the given period, Iran’s exports of finished steel products totaled 247,000 mt, down 40 percent year on year.