News Room - Steel Industry

Posted on 19 Apr 2024

Iranian annual semis output grows, finished falls

Iran's finished steel output in the Iranian year from 21 March 2023 to 20 March 2024 fell marginally, but semi-finished steel and steelmaking raw materials each rose more than 5% on-year, reaching the highest output of the past four years, Kallanish notes.

The Iranian Steel Producers Association (ISPA) says on its online Chilan portal that semi-finished steel production over the 12 months increased by 5.5% to 32.10 million tonnes from 30.43mt a year earlier. Billet and bloom production increased by 9.2% to 20.46mt, but slab production fell by 0.4% to 11.64mt.

Surprisingly, the core finished long products, rebar, rebar in coils and wire rod, saw combined production fall by 1% to 10.29mt, bringing total finished long products to shrink by 0.3% to 12.49mt. Production of beams increased by 1.3% to 1.30mt, while production of angles, channels and other products rose by 5.1% to 894,000 tonnes.

The 12-month output of flat products increased by 0.3% on-year to 9.09mt, with coated steel production - mainly hot-dip galvanised coil - rising by 7.1% to 1.68mt. However, hot rolled coil output declined 1.5% to 8.60mt and cold rolled coil 2.8% to 2.34mt. 

Despite severe natural gas restrictions in winter, combined production of direct reduced iron (DRI) and hot briquetted iron (HBI) increased by 5.3% to 33.39mt from 31.72mt a year earlier, and iron ore pellets increased by 5.3% to 56.73mt.

Source:Kallanish