Apparent Steel Use Up 14%

EghtesadOnline: Apparent steel use in Iran has increased during the first 10 months of the current Iranian year (March 21, 2022- Jan. 20) compared with last year's corresponding period, latest data released by the Iranian Steel Producers Association show.

News ID: ۷۵۲۳۱۴

28 February 2023

Apparent steel use in Iran has increased during the first 10 months of the current Iranian year (March 21, 2022- Jan. 20) compared with last year's corresponding period, latest data released by the Iranian Steel Producers Association show.

ASU is defined as production plus imports minus exports, sometimes also adjusted for changes in inventories.

It stood at 16.29 million tons for finished products, registering a 14% year-on-year increase.

Long steel products accounted for the biggest share of finished steel consumption with 8.45 million tons, up 17%.