According to Chilan, quoting the Mining Bulletin, China’s steel exports to Iraq reached 399,000 tons in the first three months of 2025, an increase of 54.1% compared to last year.
China’s steel exports to Iraq have proliferated in recent years. The latest customs data shows that the volume of steel exports from China to Iraq in the first three months of 2025 reached 399,000 tons, 54.1% growth compared to the same period last year.
There is a high demand for steel in the Iraqi market, and the country’s economy is gradually prospering.
In September 2019, China and Iraq reached a series of cooperation agreements and officially launched the “oil-for-reconstruction” cooperation model. According to this agreement, Iraq committed to supply 100,000 barrels of oil per day while Chinese companies invest in the of Iraq’s infrastructure reconstruction.
In 2023, Iraq’s steel imports were about 8 million tons, which is equivalent to more than 70% of the country’s domestic consumption, Iraq’s imports are expected to exceed $10 billion.
It’s important to note that Iraq’s domestic steel production provides about 30% of the country’s demand, and it is mostly limited to long products.