A new report by the Iranian Steel Producers Association shows Iranian steelmakers produced a total of 18.53 million tons of semi-finished products during the first eight months of the current fiscal year (March 21-Nov. 21), down 10% year-on-year.
According to ISPA, billet and bloom made up 10.96 million tons of total semi-finished production, down 15% YOY.
Slab output reached 7.57 million tons to register a 2% decline year-on-year.
The output of finished steel decreased by 8% YOY to 12.82 million tons.