Iran Exports Over $1.5bln Worth of Steel Products in 7 Months

2020-November-29

TEHRAN (FNA)- The Export value of Iran’s steel products surpassed 1.5 billion dollars in the seven months spanning from March 20-October 21, according to Iran’s Customs Administration (IRICA) statistics.

The IRICA announced on Sunday that 4,375,851 tons of steel products, worth $1.590 billion, were exported during the mentioned period while billet and bloom accounted for 76.8% of total steel exports share.

Iran’s export value of steel products registered a 37% decrease as compared to the same period last year.

Meanwhile, Iran imported 633,665 tons of steel products in the seven-month period, showing a 51% rise compared to the same period last year.

It was announced in mid-November that Iran produced 13.9 million tons of steel ingot in the first six months of the current Iranian year (from March 20, 2020-September 21, 2020).

Source: https://www.farsnews.ir/en/news/13990909000668/Iran-Exprs-Over-$5bln-Wrh-f-Seel-Prdcs-in-Mnhs