Iran’s steel exports surged 27% in revenue, generating over $6 billion in nine months. Steel exports have become a key driver for Iran as it reduces reliance on oil income. The growth highlights Iran’s strategic push to strengthen its industrial sector and expand global trade. According to data from the Iranian Steel Producers Association, the country shipped 30.393 million metric tons of steel abroad. This represents a 43% rise in volume compared to the previous year. Finished steel products accounted for 3.331 million metric tons, earning $1.542 billion, a 10% increase in value.
Mild steel, also known as semi-finished steel, saw a 39% rise in exports to 6.136 million metric tons. Revenue from mild steel reached $2.528 billion, marking a 24% year-on-year increase. Mild steel includes billets, blooms, and slabs, which serve as raw material for finished products. Raw iron exports also contributed significantly, generating $1.977 billion in revenue. Volumes of raw iron increased nearly 50% to 20.927 million metric tons. This growth underlines Iran’s capacity to boost both raw material and processed steel shipments simultaneously.
On the production front, finished steel output rose slightly by 1% to 16.647 million metric tons. Mild steel production expanded by 7.4% to 24.708 million metric tons, while raw iron production increased by 6.72% to 140.2 million metric tons. These figures indicate steady expansion in Iran’s steel industry. Industry officials attribute the growth to increased domestic production capabilities and higher demand from international markets. They note that sanctions imposed since 2018 encouraged Iran to diversify its exports beyond oil, making steel exports more vital to economic stability.
The rise in steel exports also strengthens Iran’s position in regional and global markets. Analysts suggest that continued investment in production technology and logistics could further increase competitiveness. Iran’s government has emphasized long-term strategies to expand industrial output and reduce reliance on fossil fuel revenues. Experts predict that if production growth continues, Iran could capture larger market shares in Asia and the Middle East.
The country’s expanding steel exports reflect both resilience and adaptation amid global economic pressures. As Iran maintains its focus on industrial diversification, steel exports will remain a critical part of national revenue. Officials plan to enhance infrastructure, improve quality, and negotiate new trade agreements to sustain this momentum.