Apparent Steel Usage at 13m Tons for Semis, 10m Tons for Finished Products

EghtesadOnline: Iran's apparent steel usage—defined as production plus imports minus exports, sometimes also adjusted for changes in inventories—during the eight months of the current Iranian year (March 21-Nov. 21) stood at 13.05 million tons for semi-finished products, registering a 2% decline compared with last year's corresponding period.

News ID: ۷۸۵۳۳۷

02 February 2020

It stood at 10.41 million tons for finished products, posting no year-on-year change, according to the Iranian Steel Producers Association.

Flat steel products accounted for the lion’s share of finished steel consumption with 5.42 million tons, down 1% YOY, Financial Tribune reported.

Among flat steel products, hot-rolled coil had the biggest share of apparent usage with 5.39 million tons (up 3% YOY), followed by cold-rolled coil with 1.71 million tons (down 8% YOY) and coated coil with 1.12 million tons (up 14% YOY).

Long steel products accounted for 4.99 million tons of finished steel apparent usage, up 1% YOY.

Rebar grabbed the biggest share in this section with 3.92 million, down 3% YOY, followed by beams with 623,000 tons (up 37% YOY) and L-beam, T-beam and other types with 445,000 tons (up 3% YOY).

As for semis, apparent usage of "billet and bloom" together amounted to 7.29 million tons, unchanged YOY, while that of slab declined 5% YOY to 5.75 million tons.

DRI usage was up 5% to 17.84 million tons.