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22 Dec
10:57

Iranian steel output shrinks on electricity curbs

Iranian finished steel output shrank in the first eight months of the Iranian year, or 21 March-21 November. Power outages lasting from the first week of July until mid-September hampered production severely, according to an Iranian Steel Producers Association (ISPA) note on its online Chilan portal. Through 21 November, billet and bloom, and slab production fell on-year by 14.7% to 10.96 million tonnes and by 2.3% to 7.57mt respectively. Overall semis p…
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