Iran’s steel export market
Iran’s steel export market Considering that Iran is one of the largest steel producers in the Middle East region, therefore steel export is one of the major exports of this country to other countries. Steel export as a strategic commodity plays an important role in regulating and balancing the price of the world market. Considering that the price of steel is important for the economy of every country as one of the most important construction and industrial raw materials in the world, that is why the price of steel is very important for all countries.
In 2020, Iran was among the top 10 steel exporting countries in the world with the export of 9.7 million tons of steel (worth 3.9 billion dollars). But due to the exclusivity of some global markets, such as the European and American markets, Iran’s steel exports in recent years with tools such as increasing production and productivity in the production line, improving the quality of products, increasing the efficiency of laboratories and preparing national and international certificates, and developing markets New, increased.
In addition, due to the global steel market, Iranian steel companies can take advantage of the conditions in the market to increase their competitiveness by focusing on improving the situation and optimal use of their capital at the production level. همچنین، دولت ایران با تامین نیروی متخصص و متعهد، همراه با اصلاح قوانین و مقررات، تلاش میکند تا زمینهساز آسایشی برای توسعه این صنعت شده و صادرات این صنعت را تسهیل کند.
Also, the government of Iran is trying to create a comfortable environment for the development of this industry and to facilitate the export of this industry by providing specialized and committed workforce, along with amending the laws and regulations.
In recent years, Iran’s steel exports have been affected by US sanctions and the global economy. With the increase of sanctions against Iran’s steel exports, this industry has encountered various problems.
In general, the steel production capacities in Iran have increased significantly and currently Iran is considered one of the largest steel producers in the world. However, due to the US sanctions, Iran’s export markets have shrunk, and as a result, the sale and export of some steel products to foreign countries has also decreased.
For example, in 2018, the trend of Iran’s steel exports to Turkey, one of Iran’s largest steel export markets, decreased sharply, and in 2019, steel exports to countries such as Afghanistan, Pakistan, and Iraq also decreased.
In general, the trend of Iran’s steel exports has decreased in the last few years with the increase of international sanctions. However, new markets such as Asian and European markets can provide an opportunity for Iran’s steel exports.
It should be noted that providing a detailed analysis in this field requires access to the latest statistics and numbers related to Iran’s steel exports, which must be updated according to the date of the request.
The effect of steel export on Iran’s economy
According to Iran’s old steelmaking records and also the country’s natural resources, steel export is one of the major export fields of Iran, which has a great impact on the country’s economy.
Steel export has three important effects on the country’s economy. Among these three important effects, we can mention the increase in income, increase in value and increase in employment.
The first effect of steel export is to increase the country’s income. Considering that steel is one of the top export products of the country and also the price of steel is relatively high in the world markets, therefore steel export can provide significant resources for the country. By increasing the country’s income, the government can help improve the country’s economic and social situation.
The second effect of steel export is the increase in currency value. Considering that a large part of steel exports is dependent on the metal and currency exchange, the increase in steel exports can increase the currency value of the country. As a result, international trade is booming and internationals are increasing to buy steel products from Iran.
The third and last effect of steel export is the increase in employment. The steel sector is one of the largest industries in the country, and the export of steel is considered to gain new markets for the country, as well as the increase in domestic products required for steel production, which increases employment in this industry. Also, considering that economic sanctions in some countries can have negative effects on the country’s steel industry, the increase in steel exports will reduce the need for steel imports and thus protect employment in the country.
In general, it can be said that steel export can increase income, currency value and employment in Iran. This process can be strengthened and developed by achieving technical innovations and using new technologies in production quality control as well as launching development plans in the steel sector.
Economic sanctions for countries like Iran, which are very dependent on steel exports, can have serious effects on the steel industry and its exports.
One of the effects of these sanctions is the decrease in demand for Iranian steel products. Due to the fact that many countries impose economic sanctions as a political pressure on other countries, the demand for Iranian steel products in these countries will decrease, and as a result, Iran’s steel exports will also decrease. to follow
Also, sanctions can cause problems in the steel supply chain. Due to the sanctions, access to some parts and raw materials required for the production of steel products is also limited, and this can cause problems in the production process.
As a result, we can conclude that economic sanctions can have serious effects on Iran’s steel exports. But considering that this industry in Iran is known as one of the important and high income generating industries, there are concerns about these effects.
Iranian metallurgical engineering company with a ten-year history in the field of supplying and exporting raw materials for the petrochemical, steel, oil and gas industries in the country.
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