Posted on 16 Nov 2018
Major Iranian steelmakers’ exports slumped -17% on-year in the month through 22 October to 364,215 tonnes, according to the Iranian Steel Producers Association (ISPA). This was due to economic sanctions on Iran, the requirement to supply the domestic steel market, and reduced international steel prices.
Shipments in the seven months through 22 October thus fell -3% on-year to 3.88 million tonnes, ISPA says in a report seen by Kallanish.
South Kaveh Steel (SKS) nevertheless saw one-month exports surge 87% to 78,500t, and seven-month shipments rise 22% to 497,500t.
Khouzestan Steel remained the largest exporter in the 22-October month despite shipments falling -16% to 143,005. Its seven-month exports declined -14% to 1.34mt.
Mobarakeh Steel (MSC) without subsidiaries saw the largest export fall in the 22-October month, by -66% to 54,130t, although its seven-month shipments still rose 22% to 717,780t.
MSC subsidiary Hormozgan Steel recorded 39% one-month export growth to 41,626t, but seven-month shipments fell -27% to 456,972t. Esfahan Steel saw one-month exports rise 59% to 39,190t, but seven-month shipments fell -11% to 606,414t. Khorasan Steel saw one-month exports rise 73% to 6,844t, but seven-month exports fell -29% to 51,694t.
