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FinancialNews


  • 26-03-19

    Iran sees surge in steel output

    (MENAFN) Report of the Iranian Steel Producers Association shows that semi-finished steel accounted for 22.69 million tons of the total output, up 13 percent year-on-year.

    Moreover, billet and bloom made up 12.95 million tons of all semi-finished production volume while slab production came to 9.73 million tons to register a 22 and 4 percent year-on-year increase respectively.

    As for finished steel, output increased 8 percent year-on-year to reach 19.6 million tons, and hot-rolled coil reached 7.27 million tons, up 3 percent year-on-year.

    Accordingly, rebar was 7.1 million tons, up 24 percent; cold-rolled coil with 2.34 million tons, up 9 percent; coated coil with 1.27 million tons, down 9 percent; beams with 959,000 tons, down 5 percent; and "other steel products" with 654,000 tons, down 17 percent.

    MENAFN2603201900450000ID1098305078

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