Iran: Hot-Rolled Free-Cutting Steel Market 2025

Hot-Rolled Free-Cutting Steel Market Size in Iran

For the ninth year in a row, the Iranian hot-rolled free-cutting steel market recorded decline in sales value, which decreased by -52.1% to $X in 2021. Overall, consumption continues to indicate a sharp curtailment. The pace of growth appeared the most rapid in 2013 with a decrease of -0.1%. Hot-rolled free-cutting steel consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Hot-Rolled Free-Cutting Steel Exports

Exports from Iran

In 2019, overseas shipments of hot-rolled bars in free-cutting steels decreased by -20% to X tons, falling for the second year in a row after four years of growth. Overall, exports showed a abrupt slump. The pace of growth appeared the most rapid in 2016 when exports increased by 27%. The exports peaked at X tons in 2012; however, from 2013 to 2019, the exports stood at a somewhat lower figure.

In value terms, hot-rolled free-cutting steel exports expanded notably to $X in 2019. In general, exports showed a abrupt contraction. The pace of growth appeared the most rapid in 2016 with an increase of 11%. The exports peaked at $X in 2012; however, from 2013 to 2019, the exports stood at a somewhat lower figure.

Exports by Country

Lebanon (X tons) was the main destination for hot-rolled free-cutting steel exports from Iran, accounting for a approx. 100% share of total exports.

From 2012 to 2019, the average annual growth rate of volume to Lebanon was relatively modest.

In value terms, Lebanon ($X) emerged as the key foreign market for hot-rolled bars in free-cutting steels exports from Iran.

From 2012 to 2019, the average annual growth rate of value to Lebanon was relatively modest.

Export Prices by Country

The average hot-rolled free-cutting steel export price stood at $X per ton in 2019, with an increase of 38% against the previous year. Overall, the export price recorded a prominent increase. The most prominent rate of growth was recorded in 2018 an increase of 38% against the previous year. Over the period under review, the average export prices hit record highs in 2019 and is expected to retain growth in years to come.

As there is only one major export destination, the average price level is determined by prices for Lebanon.

From 2012 to 2019, the rate of growth in terms of prices for Afghanistan amounted to +132.0% per year.

Hot-Rolled Free-Cutting Steel Imports

Imports into Iran

For the ninth year in a row, Iran recorded decline in supplies from abroad of hot-rolled bars in free-cutting steels, which decreased by -45.5% to X tons in 2021. In general, imports faced a significant decline. The smallest decline of -8.8% was in 2016. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, hot-rolled free-cutting steel imports declined rapidly to $X in 2021. Overall, imports continue to indicate a significant decrease. The smallest decline of -9.1% was in 2016. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of hot-rolled free-cutting steel to Iran, with a 57% share of total imports. Moreover, hot-rolled free-cutting steel imports from Germany exceeded the figures recorded by the second-largest supplier, Turkey (X tons), twofold. Spain (X tons) ranked third in terms of total imports with a 9.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-33.0% per year) and Spain (-30.0% per year).

In value terms, India ($X) constituted the largest supplier of hot-rolled bars in free-cutting steels to Iran, comprising 51% of total imports. The second position in the ranking was taken by Turkey ($X), with a 25% share of total imports. It was followed by Germany, with a 15% share.

From 2012 to 2021, the average annual growth rate of value from India totaled -14.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-32.6% per year) and Germany (-16.2% per year).

Import Prices by Country

In 2021, the average hot-rolled free-cutting steel import price amounted to $X per ton, shrinking by -17.7% against the previous year. Over the period under review, import price indicated a noticeable expansion from 2012 to 2021: its price increased at an average annual rate of +3.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, hot-rolled free-cutting steel import price decreased by -19.6% against 2019 indices. The most prominent rate of growth was recorded in 2019 an increase of 75%. As a result, import price reached the peak level of $X per ton. From 2020 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was India ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+43.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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