According to the latest data released by the Iranian Iron and Steel Industry Association (ISPA), Iran's HRC exports increased by 161% year-on-year to 379,000 tons in the five months ended August 22. This is a significant slowdown compared to the 293% increase in the previous four months. In the first five months, the apparent consumption of HRC fell by 4% to 3.19 million tons, and the import volume also fell by 67% to 130,000 tons.
At the same time, exports of coated sheets increased by 182% to 62,000 tons in the first five months, but consumption fell by 13% to 670,000 tons, and imports fell by 9% to 126,000 tons.
Rebar exports in the first five months increased by 92% to 507,000 tons. Consumption increased by 9% to 2.53 million tons, which is the only product that has seen growth in finished product consumption.
In the first five months, Iran’s billet export growth slowed down compared with the previous four months, but slab exports accelerated and direct reduced iron changed from negative to positive。
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