Iran exports $3.1 billion worth of steel products in seven months

Iran exported 5.6 million tons of steel (ingot and downstream products) worth $3.14 billion in the first seven fiscal months (March 21-Oct. 22), the latest data released by the Iranian Mines and Mining Industries Development and Renovation Organization show.

20 November 2022
ID : 34244
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Iran exported 5.6 million tons of steel (ingot and downstream products) worth $3.14 billion in the first seven fiscal months (March 21-Oct. 22), the latest data released by the Iranian Mines and Mining Industries Development and Renovation Organization show.

A worker is seen at Esfahan Steel Company in central Iran. The company is Iran’s oldest steel producer. Photo: ILNA

Iran exported 5.6 million tons of steel (ingot and downstream products) worth $3.14 billion in the first seven fiscal months (March 21-Oct. 22), the latest data released by the Iranian Mines and Mining Industries Development and Renovation Organization show.

Exports during the seventh fiscal month (Sept. 23-Oct. 22) exceeded 1.12 million tons worth $558 million, registering a 46% and 48% year-on-year rise in terms of weight and value respectively.

Thirty-three countries were the destinations of Iranian steel exports during the month under review, IMIDRO noted.

A total of 25.55 million tons of minerals and mining industry products worth $6.66 billion were exported in the seven months, to register a 6% decline in tonnage and a 1% decline in value compared with the similar period of last year, IMIDRO said earlier.

Steel manufacturing chain products topped the list of exports in terms of value with an aggregate of $3.14 billion, followed by copper and related products worth $848.2 million and aluminum products worth $660 million.

In terms of tonnage, cement and clinker topped the list with 7.48 million tons. The steel category came next with 5.6 million tons and was followed by pellet with 2.22 million tons.

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