Iran one of the largest billet exporter in the world is currently
facing sanctions from US, owing to which many country has suspended their
business with Iran. On other hand, few countries are trying to get exempted
from US to do business with Iran.
Recently during the 95th anniversary of the establishment of the
Republic of Turkey, Mr. Reza Rahmani Iran's minister of industry, mine and
trade in a meeting with Turkey's Ambassador to Iran Hakan Tekin said that
“Islamic Republic of Iran considers comprehensive relations and cooperation
with neighboring countries, Islamic countries, mainly Turkey, as one of the
main foreign policy strategies.
Rahmani added that the Iran's Ministry of Industry, Mine and Trade
seeks to create favorable conditions within a win-win strategy for developing
cooperation and relations between Iranian and Turkish businessmen as part of a
joint Iran-Turkey commission. The minister underlined that Iran does not place
any restriction on development of relations with Turkey.
It is to be noted that, Iran is one of the largest exporter of
billet to Turkey. The nation has exported around 0.12 MnT in last Persian year
(21 Mar’17-20 Apr’18). During the first 6 months of current Persian year (21
Mar-22 Sep’18), Iran has already exported 0.11 MnT billet to Turkey.
Iranian Billet Export Remains Stable in Current Persian Year
Iran, one of the largest billet exporter in MENA region has
exported 1,580,000 MT billet and bloom during the first six months of current
Persian year (21-Mar till 22-Sep’18). As per the data released by ISPA, export
of billet during the period remained stable against 1,581,000 MT exported
during the same period of last Persian year.
Khouzastan Steel Company (KSC) was the largest exporter of billet
and bloom during the period, the company exported 637,807 MT in current year,
registered a downfall of 40% Y-o-Y against 1,062,625 MT exported in last
Persian year.
South Kaveh Steel Company (SKSCO) was the second largest exporter
of billet, the company exported 419,000 MT billet during the period, registered
a growth of 14% Y-o-Y against 367,544 MT exported in last Persian year.
Khorasan Steel was the third largest exporter of bloom, the company
exported 90,330 MT during the period.
Inputs from Iran Daily
Source: Steel mint