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Iran's steel industry flourishes with 10.5% increase in semi-finished products production in Q1

In the first quarter of this year in İran , the total production of steel products has grown by 5% compared to the same period last year.

Iran's steel industry flourishes with 10.5% increase in semi-finished products production in Q1

According to the statistics provided by the Iranian Steel Producer Association, the production of semi-finished products in the steel chain has witnessed a significant increase of 10.5% in the first quarter of this year. This growth signifies a positive trend in the steel industry, reflecting an expansion in the production of intermediate steel products.

Steel production during the first quarter of this year reached 9 million 478 thousand tons, indicating a notable growth rate of 10.5% compared to the same period in the previous year. 

During the quarter of this year, sponge iron producers achieved a significant production of 9 million and 974 thousand tons, reflecting a notable growth rate of 8.2% compared to the same period in the previous year.

In the first quarter of this year, the total production of steel products has grown by 5% compared to the same period last year. The total production of steel products in the first 3 months of this year was 5 million 957 thousand tons.

In the first quarter of 2023, the country's steel industry witnessed the production of 3 million and 413 thousand tons of long products and 2 million and 543 thousand tons of flat products. The production of long products experienced a growth rate of 3.8%, while the production of flat products saw a higher growth rate of 9.0%. These figures highlight the positive performance and expansion in both the long and flat steel product segments during the given quarter.

The production of rebar reached 2 million and 775 thousand tons, reflecting a growth rate of 1.7% compared to the same period in the previous year. This increase in rebar production indicates a positive trend and demonstrates the growth and stability of the rebar segment within the steel industry during the given quarter.

The production of beams in the given quarter reached 397 thousand tons, experiencing a growth rate of 2.22%. 

The production of Hrc reached a total of 2 million 465 thousand tons, demonstrating a significant increase of 6.0% compared to the same period in the previous year. This growth in Hrc production indicates a positive trend and highlights the strength and expansion of the Hrc segment within the steel industry during the specified quarter.

The production of Crc in the specified period has experienced a notable increase of 5.6%, showcasing positive growth in this segment of the steel industry. Similarly, the production of coated sheet has also seen a modest increase of 1.11%. These figures reflect the upward trend in both Crc and coated sheet production, indicating the expansion and strength of these segments within the steel industry.

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