According to the Iranian Steel Producers Association (ISPA), 5,493,000 tons of steel ingot was exported from the country from March 21, 2018 to March 20, 2019.

Of total steel volume exported last year, 4,836,000 tons of bloom and billet hit the target markets, showing a 24 percent growth as compared to the same period of last year.

A study of statistical tables indicates that 3,455,000 tons of steel products were exported from the country, recording a 16 percent growth as compared to the same period of last year.

Accordingly, 5,000 tons of steel ingot was imported into the country last year [ended March 20, 2020], showing an 82 percent decline as compared to a year earlier.

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They also exported 5.88 million tons of finished and semi-finished steel in the first 10 months of the current Iranian year, to January 20, a 25-percent increase year-on-year, reported Press TV.

The figures did not include exports by Iran’s small private sector mills which like other Iranian producers send the bulk of their products to Southeast Asia and the Middle East.

Iranian steel mills are monitoring the global market for any gap from falling Chinese exports in the wake of a coronavirus epidemic.

China is the world’s largest steel exporter, but overseas orders for Chinese steel are reportedly declining. According to S&P Global Platts, Turkey, Iran and Russia are in a race to fill the gap in the market.

Iran’s industrial metals, specifically steel, are the latest target in the Trump administration’s maximum pressure campaign, but officials say the sector is unfazed and keeps growing.

In December, 2019, the US government launched the latest salvo in the campaign as it warned against exports of steel-making materials to Iran.

The US Department of State cautioned that those involved in transfers or exports to Iran of graphite electrodes and needle coke, which are essential materials for Iran’s steel industry, were at risk of sanctions regardless of their nationality or location.

However, Iran’s Minister of Industry, Mine and Trade Reza Rahmani put the damper on Washington’s haughty grandstanding, saying Iranian producers had obtained the technology to make graphite electrodes.

Iran is a leading producer of steel in the world, with officials saying exports continue despite the US sanctions.

The country plans to raise steel output to 55 million tons a year by 2025, of which 20 to 25 million tons would be earmarked for exports.

Deputy Minister of Industry, Mine and Trade Jafar Serqini has said Iran currently has 35 million tons of steel production capacity. Iran’s steel exports will exceed 11 million tons this Iranian year.

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According to a timetable published by Ministry of Industry, Mine and Trade, a five-percent export duty will be imposed on iron ore export once approved by the government and this duty will be gradually increased to 10 percent from March 2017 and 15 percent of the cargo FOB value from March 21, 2018, a mining source told S&P Global Platts.

As a result of disagreements among private sector miners, this timetable has not been notified yet while exporters are making efforts to ship as much iron ore as possible before the start of the next Iranian year in March.

Also, the duty may not become effective at all because the cash flow from iron ore exports is essential for Iranian mining, both for private miners and semi-governmental iron ore producers.

About 34 percent of 7.09 million tons of concentrated iron ore produced by Gol-e Gohar, Iran’s largest iron ore miner, have been exported in the nine-month period, representing more than 30 percent of the company’s total income.

“In the future, we may need to import a part of the country’s iron ore, but at present there is an overcapacity both in iron ore and concentrated iron ore production compared with the [consumption in] steel industry,” a Tehran-based iron ore trader told Platts.

Iran’s iron ore production is estimated at 48 million tons in 2016, including five million tons from small privately-owned miners, according to Iran’s Iron Ore Producers and Exporters Association. That total is eight percent lower than the record 2013 production.

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The country produced 1.64 million tons of crude steel in October 2016, with 10 percent increase from 1.324 million tons in October 2015.
Iran’s steel production stood at 16.110 million tons in 2015, indicating 1.4 percent fall from 2014.
As a major steel producer in the region, Iran boosted its steel mills across the country in recent years, as central Isfahan and southwestern Khuzestan provinces remain the major steel producers.
According to WSA, Iran was the biggest producer of crude steel in the Middle East in 2013. The country’s rank was 14th in the world in 2014.

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Managing Director of the National Iranian Steel Company (NISCO) Abdolmajid Sharifi announced that Iran exported 2 million tons of steel during the first quarter of the current Iranian year, saying that it had 70% growth compared to the previous year, IRNA reported.

With a production rate of 16,700,000 tons of raw steel, Iran had one-percent share of the world production in the last Iranian year.

For the first time in the history of the Iranian steel industry, Iran exported 4,100,000 tons of steel last year, thus breaking all of its own previous records.

The World Steel Association (WSA) reported on Sept. 25 that Iran produced 11.451 million tons of crude steel in the first eight months of 2016, with five percent rise from 10.894 million tons in the same period in the previous year.

It is while the world’s steel production fell 0.9 percent to 1.065 billion tons in the mentioned time compared to the first eight months of 2015.

The WSA’s latest report also put Iran’s crude steel output at 1.35 million tons in August 2016, showing eight percent growth from 1.249 million tons in August 2015.

The country’s steel production stood at 16.110 million tons in 2015, indicating 1.4 percent fall from 2014.

As a major steel producer in the region, Iran boosted its steel mills across the country in recent years, as central Isfahan and southwestern Khuzestan provinces remain the major steel producers.

According to WSA, Iran was the biggest producer of crude steel in the Middle East in 2013. The country’s rank was 14th in the world in 2014.

Based on Iran Steel Comprehensive Plan, the production capacity is to reach 55 million tons by the Iranian calendar year 1404 (2025-2026), upgrading its ranking to seventh in world.

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