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Middle East and North Africa steel consumption will reach 58.5 million tons next year

Middle East and North Africa steel consumption will reach 58.5 million tons next year
Issue Time:2019-12-13

The Arab Iron and Steel Union (AISU) said in a report that the Middle East and North Africa (MENA) excluding Iran ’s steel consumption in 2019 will fall 7% to 40 million tons, and consumption in 2020 will rebound and increase by 2.5 % To 41 million tons.

In addition, according to data released by the U.S. Department of Commerce, Iran ’s steel production in 2018 was 25 million tons, an increase of 18% year-on-year; apparent consumption was 17.5 million tons, exports were 9.2 million tons, and exports accounted for 37% of production . According to this calculation, if Iran ’s apparent consumption this year and next year remains at the level of 2018, the Middle East and North Africa region ’s steel consumption next year is expected to reach 58.5 million tons.

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