Figures by the Iranian Steel Producers Association (ISPA), cited in a Monday report by the IRIB News, showed that Iran had earned $4.627 billion worth of revenues from steel and iron exports in the seven months to October 22, up 27% from the same period last year.

Steel and iron exports from Iran rose by 43% year on year in April-October to reach 23.683 million metric tons (mt), the figures showed.

The ISPA data showed that Iran’s steel output grew by 3.2% to nearly 15 million mt over the same period, with September output accounting for 2.3 million mt of the total production.

The figures showed that Iran had exported some 2.566 million mt worth $1.195 billion of finished steel products in the first seven months of the current calendar year, marking increases of 14% in volume and 7% in value and volume terms, respectively, from the same period in 2024.

Mild steel exports from Iran rose by 40% in volume terms to 4.552 million mt in the seven months to late October as shipments generated $1.877 million worth of revenues, up 23% from the same period last year, the data showed.

Mild steel or semi-finished steel refers to three types of steel ingots, known as billet, bloom, and slab, that are used to make finished steel products.

ISPA figures showed Iran had exported 16.566 million mt of raw iron, including sponge iron, pellets, and concentrates, over the April-October period, up more than 50% year on year.

The figures showed that raw iron exports had generated $1.554 billion worth of revenues for Iran in the first seven months of the current calendar year, up nearly 55% from the same period last year.