According to the report of public relations of IMIDRO, Iran used 15.21 million tons of finished steel during the period, up 7% year-on-year, according to the latest statistics published by Iran Steel Producers Association.
Hot-rolled coil had the lion’s share of finished steel consumption as it reached 6 million tons, up 7% YOY. It was followed by rebar with 4.26 million tons, down 13% YOY; cold-rolled coil with 2.25 million tons, up 32% YOY; coated coil with 1.38 million tons, up 34% YOY; beams with 661,000 tons, unchanged compared to last year’s corresponding period; and “other steel products” with 633,000 tons, up 91% YOY.
Semi-finished steel usage remained unchanged compared with last year’s corresponding period at 11.48 million tons.
Billet and bloom usage grew 4% to 5.9 million tons, while that of slab was down 3% to 5.52 million tons. Weak local demand for semis is expected to further boost exports in the coming months.
Source: Financial Tribune
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