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04 May
11:16

Iran's annual apparent steel consumption soars

Iranian annual apparent steel consumption surged 14% on-year in the Iranian year (1401) from 21 March 2022 to 20 March 2023, according to Iranian Steel Producers Association (ISPA) data posted on its online Chilan portal. Annual finished steel and semis output increased by 10% and 9.1%, respectively (see Kallanish passim). Iranian hydrocarbon export revenues surged since the war broke out in Ukraine in February 2022, tempering local currency depreciatio…
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