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20 Jul
16:40

Iran surge fails to hike Mid-East June production

Crude steel production in the four Middle Eastern countries covered by the World Steel Association’s monthly report declined -3% on-year in June to 2.39 million tonnes, Kallanish learns from worldsteel. This was despite further production growth in the region’s largest producer, Iran, by 11% to 1.59mt. Iranian steelmakers have since 2015 hiked exports, especially of semi-finished products, to compensate for weak construction industry demand at home. …
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