EghtesadOnline: The pipe and profile industry traditionally holds the largest share of Iran’s flat steel consumption.

EghtesadOnline: Steel consumption in Iran during the first quarter of the current fiscal year (March 21-June 21) stood at 5.19 million tons, up 20% year-on-year and 323,000 tons more than domestic production, the Iranian Steel Producers Association’s latest report showed.

EghtesadOnline: Iran’s steel consumption has experienced a downtrend for the past six years, highlighting the country’s ailing market and subdued demand.

EghtesadOnline: In its latest report titled “Short Range Outlook for 2017-18”, the World Steel Association forecasts that Iranian steel demand will increase by 4.9% to 20.04 million tons in 2017 and will increase to 6% in 2018 to 21.25 million tons.