BAKU, Azerbaijan, July 15. Iran’s iron and steel exports increased notably in the first two months of the current Iranian year (from March 21 through May 21, 2025) compared to the same period last year (from March 20 through May 20, 2024), rising by 11 percent in value and 29 percent in volume.
Data obtained by Trend from the Steel Producers Association of Iran indicates that the country exported $1.14 billion worth of about 6.42 million tons of iron and steel during this period, up from $1 billion and 4.98 million tons in the previous year.
Meanwhile, exports of crude steel reached $444 million for 1.07 million tons, marking a 15 percent increase in value and a 31 percent rise in volume compared to the same period in 2024, when Iran exported $386 million worth of 815,000 tons.
However, exports of steel products declined by 17 percent in value and 12 percent in volume, totaling $266 million and 574,000 tons, down from $319 million and 649,000 tons last year.
Iran’s annual steel production capacity is estimated at around 40 million tons.
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