According to the Iranian Steel Producers Association, Iran's apparent steel usage registered a decline in the first seven months of the current Iranian year, March 21-October 22, compared with last year's corresponding period. The apparent usage totaled 9.57 million tonnes for finished products, posting a 12% decrease YoY. Long steel products accounted for the largest portion of finished steel consumption with 4.85 million tonnes, down 12% YoY.Apparent steel usage is defined as production plus imports minus exports, sometimes also adjusted for changes in inventories.
According to the Iranian Steel Producers Association, Iran's apparent steel usage registered a decline in the first seven months of the current Iranian year, March 21-October 22, compared with last year's corresponding period. The apparent usage totaled 9.57 million tonnes for finished products, posting a 12% decrease YoY. Long steel products accounted for the largest portion of finished steel consumption with 4.85 million tonnes, down 12% YoY.Apparent steel usage is defined as production plus imports minus exports, sometimes also adjusted for changes in inventories.
