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Iran exported 884,800 tonnes of steel to Thailand-The 18th China(Guangzhou)Int'l Stainless Steel Industry Exhibition
5/31/2017 Stainless Steel Exhibition |
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Financial Tribune reported that Iran exported 884,800 tonnes of steel to Thailand in the fiscal 2016-17, accounting for 16% of all Iranian steel shipments and indicating an over 97% growth year-over-year. Iran was the fourth fastest growing steel exporter to Thailand last year.
Thailand is currently the world’s fourth largest importer of steel and Iran is gradually becoming a major exporter to the Southeast Asian market. The kingdom imported a total of 13.2 million tonne of semi-finished steel and steel products last year, up 15% compared to the year before.
In 2016, the country’s steel imports amounted to 4% of the total global shipments.
Iran exported 5.53 million tonne of semis and steel products in the last Iranian year (March 2016-17), the Iranian Mines and Mining Industries Development and Renovation Organization reported. Over 16% of the total figure amounting to 884,800 tonne were shipped to Thailand. This indicates an over 97% growth in shipments year-on-year and makes Iran the fourth fastest growing exporter of the commodity to the kingdom, followed by Indonesia, Australia and China.
Thailand imports steel from 110 countries with the minimum volume being about 400,000 tonne from each. The large number of willing trade partners has enabled Thais to be rather autonomous in choosing one and the rise in shipments from Iran can be a positive sign of consumers favoring Iranian steel over others.
-The 18th China(Guangzhou)Int''l Stainless Steel Industry Exhibition
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