Iran exported 5.6 million tons of steel worth $ 2.179 billion in the first nine months of this year (March 20 to December 20, 2020), according to data released by the Customs Administration of the Islamic Republic of Iran (Erica). This figure may seem impressive at first glance. But it should be noted that Iran will face difficult Iran’s export steel conditions by the end of the year. In the current situation, more than ever, we need convergence and planning in the entire steel chain. Stay tuned to Artan Press.
*** Risks in the Iran’s export steel market
Power outages and the loss of export markets such as Iraq could lead to a significant decline in Iran’s export outlook by the end of 2021. Due to the lack of use of modern technologies in the extraction of raw materials in the field of steel and its construction, we see that the cost of steel in Iran is higher than neighboring countries.
On the other hand, the strained relations between Borjami and the neglect of the conditions for receiving its output can discourage the international customers of Iran Steel. It is not too late to control this situation and a practical action can be planned for it. But perhaps by the end of the year, when the business plans of the buyer countries come to an end, Iran will be excluded from the list of many steel consumers.
*** The reality of Iran’s export steel market in terms of statistics
IRICA data put the country’s monthly steel exports at 839,000 tonnes worth $ 354 million in the ninth month of this year. A study of the value of steel exports in the first nine months of this year shows that Billet and Bloom had the largest share of exports with a share of 47% in the period, followed by slabs with a share of about 27%.
Despite the increase in steel production in 1399, exports last year experienced a significant decline, indicating foreign exchange earnings and lost markets due to government restrictions on steel exports last year. According to statistics, 9 million tons of Iranian steel, including intermediate steel And steel products were exported during 1399, which compared to 1398, decreased by one million and 362 thousand tons and recorded a decrease of 13.1 percent.
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