Apparent consumption of Iranian steel, which is calculated by the formula of production plus import minus export. This formula is sometimes used to change inventories. We will use this relationship for calculations of Iranian steel exports and production and import statistics for the last quarter. In the first quarter of this year (March 21 to June 21), the amount of this formula has decreased compared to the same period last year. In the following, we will evaluate the different dimensions of this issue. Please be with Artan Press.
*** Evaluation of the Association of Steel Producers of the situation of Iranian steel exports
According to the Iranian Steel Producers Association, the apparent consumption of steel is 6.4 million tons for semi-finished products, which shows a decrease of 1% compared to the same period last year. This amount was 4.6 million tons for final products, which has decreased by 2% compared to the same period of the previous year. Flat steel products with 2.34 million tons have the largest share of steel consumption, which has decreased by 4% per year.
Among flat steel products, hot rolled coils with 2.2 million tons (5% decrease per year) have the largest share of apparent consumption and exports of Iranian steel. After that, cold rolled coils with 728,000 tons (6% increase per year) and coated coils with 371,000 tons (increase) 16% compared to the same period last year, respectively, have the next ranks.
*** Iranian steel trading developments in the last quarter
Long steel sections account for 2.33 million tons of export and consumption steel, which is unchanged from last year. Rebar has the largest share in this sector with 1.8 million tons, 1% decrease per year, and beams with 285,000 tons (increase of 6% per year) and L-beams, T-beams and other types with 177,000 tons (6% increase compared to The same period last fiscal year).
In the case of steel products, the use of ingots and bloom amounted to 3.8 million tons, an increase of 2% over the same period last year. The average Iranian steel export in this sector has decreased by 7% compared to last year. This decrease is due to the drop in production due to power outages. The use of sponge iron in the period increased by 4% and reached 8.4 million tons.
*** Dependence of Iranian steel exports on the factor of production
Estimates show that a total of 8.07 million tons of semi-finished steel was produced in Iran in the first quarter of the year, which is an increase of 6% compared to last year. Billet and Bloom account for 4.88 million tonnes of semi-finished production, up 7% year-on-year. Slab production reached 3.2 million tons, an increase of 6% year on year. Final steel production increased by 7% year on year to 5.4 million tons. Estimates show that Iran’s steel exports have been heavily dependent on production volume.
*** Record of long steel sections in the production sector
Long steel products accounted for 3.1 million tons of steel production, up 16 percent from the same period last year. Rebar production was 2.55 million tons (17% increase per year). After that, the railway with 318,000 tons (an increase of 7% per year) contributed significantly to Iran’s steel exports in the electricity and energy crisis.
*** Iranian steel exports in the flat sections sector, affected by the energy crisis
Flat steel production fell 2.3 percent year on year to 3.3 million tons in three months. Hot rolled coils account for 2.25 million tons of production in this category, which shows a decrease of 2% compared to the same period last year, followed by cold rolled coils with 650,000 tons, a decrease of 1% compared to the same period last year. Iran’s steel exports in the steel sector did not change significantly in the first three months of this year due to the supply of electricity and energy. But forecasts show that this statistic will not be very satisfactory in the summer.
Iranian steel exports statistics in the first quarter of this year
Iran’s steel exports in the first quarter were 1.62 million tons for semi-finished products, an increase of 55% over last year. Bilt and Bloom accounted for the bulk of semi-final exports, totaling 1.06 million tonnes. This figure, which was 26% higher than the same period last year, is a significant success in this area. Slab exports during this period were 563,000 tons, which increased by 176% per year. Exports of final steel products increased by 125% in the three months under review to 873,000 tons.
*** Rebar performance as the most demanded export commodity
Rebar is the largest part of Iran’s steel exports. During this quarter, Iran has recorded 684,000 tons of exports in this area. The total volume of Iran’s rebar exports has increased by 142% compared to the same period last year. The export of hot rolled coils reached 57,000 tons, which shows a growth of 171% compared to the first quarter of the previous year. Cold rolled coil with 1000 tons has recorded a decrease of 89% compared to last year. Coated coils with 31,000 tons, an increase of 107% per year, were other final steel products exported from Iran.
*** A look at the import statistics of the steel sector
Imports of semi-finished steel in the first quarter of the year were 1,000 tons, which has not changed compared to the same period last year. Iran has not imported any tickets or blooms during this period, which was 1000 tons in the same period last year. During this quarter, the import of slabs was 1000 tons. Final steel imports rose 2% year-on-year to 194,000 tonnes, most notably HRC with 45,000 tonnes, down 48%.
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