Growth in Export of Iran’s Steel Products

Iran exported about $4.5 billion worth of steel products including ingots, profiles, and sheets in the first eight months of the current Iranian calendar year (March 21-November 21), showing a 14-percent rise year on year.

Based on the spokesman of the Islamic Republic of Iran Customs Administration (IRICA) Rohollah Latifi, steel products accounted for 14.5 percent of the country’s total non-oil exports during the mentioned eight months. He added that some 11.067 million tons of various iron and steel products worth $3.735 billion were exported in the previous year, of which 2.23 million tons were iron ore and other related raw materials.

The exports of steel products in the first eight months of the current year have exceeded the total figure for the previous year by $800 million, the official noted. The Iranian Steel industry has been constantly expanding over the past years against all the pressures and obstacles created by outside forces like the U.S. sanctions and the Covid outbreak that has severely affected the performance of the world’s top producers.