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Iran steelmakers favor semis exports as finished steel usage grows- The 19th China (Guangzhou ) Int’l tube & pipe Processing Equipment Exhibition
9/27/2017 steel tube expo-tube &pipe expo |
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Financial Tribune reported that Iran steel industry is shifting toward supplying the local market with finished goods such as coils and selling semis with lower domestic demand overseas. The high flat steel usage primarily points to the rise in auto production, alongside steel pipe and profile manufacture
Iran’s semi finished steel exports during the first five months of the current fiscal year (March 21 to Aug. 22) stood at 2.7 million tonnes, up 89% year on year, according to the Iranian Steel Producers Association’s latest report.
Slab shipments made up the bulk of exports reaching 1.44 million tonnes, up 246% YOY, followed by a 24% year-on-year growth in billet and bloom shipments to 1.25 million tonnes.
Finished steel exports were halved to 531,000 tonne. Rebar and coated coils were the only products posting upticks of 126% with 264,000 tonne and of 69% with 22,000 tonne respectively. Hot and cold rolled coil and beams were down 80%, 94% and 13% YOY to 145,000, 6,000 and 73,000 tonne respectively.
This is while imports were down across the entire spectrum of steel products, save for a few. Semi and finished steel imports were down 92% and 29% YOY to stand at 6,000 and 863,000 tonne respectively. Beam and coated coil were the only products whose imports recorded growth.
Semi exports have been on a continuous path of growth in the current fiscal year, while finished steel shipments have increasingly dwindled. This trend can be traced to the industry’s shifting priorities toward supplying the local market with finished goods such as coils and selling semis with less demand at home overseas.
Iran’s steel usage data clearly reflect the growing export sentiment for semis, as semi-finished steel usage was down 4% YOY to 5.89 million tonne during the period while finished steel consumption grew by 14% YOY to 8.35 million tonne. Apparent finished steel usage has been on the rise month-on-month so far this year.
Data indicate that HRC was the most used material with 3.3 million tonne, up 15% YOY; followed by rebar with 2.32 million tonne, down 7% YOY; CRC with 1.25 million tonne, up 44% YOY; coated coil with 769,000 tonne, up 43% YOY; and beams with 321,000 tonne, down 4% YOY.
The higher flat steel usage primarily points to the rise in auto production, alongside steel pipe and profile manufacture. Yet demand for beam and rebar is still falling, as the construction sector has yet to show any signs of life.
Iranian steelmakers produced 8.58 million tonne of semis and 8.02 million tonne of finished steel during the five-month period, up 15% and 12% YOY respectively compared with last year’s corresponding period.
As for finished steel, HRC had the lion’s share of output with 3.08 million tonne, registering a 5% growth YOY. It was followed by rebar with 2.55 million tonne, down 1% YOY; CRC with 1 million tonne, up 40% YOY; coated coil with 653,000 tonne, up 57% YOY; beam with 378,000 tonne, down 7% YOY; and “other steel products” with 350,000 tonne, up 148% YOY.
For semis, billet and bloom output was up 14% to 4.55 million tonne and slab production increased by 15% to reach 4.03 million tonne.
- The
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