Tag Archives | steel

$27bn needed for Steel Development

Platts reports that Iran’s steel industry needs about $27.4 billion in new investment to achieve a target of 55 million mt/year of production capacity by 2025. The data, from the Iranian Steel Producers’ Association, says about $16.4 billion is needed for infrastructure projects, with around $10 to be invested directly into steelmaking and raw materials […]

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Iran’s Steel Production Target “Achievable”

By John Lee. According to a report from Platts, Iran’s target of boosting its steelmaking capacity from about 33 million mt/year now to 55 million mt/year by 2025 is achievable and could even be met ahead of deadline. Mohammad Abka, managing director of steel sector consultancy FIECO, is quoted as saying that the industry might […]

Iran exports Steel Rebar to Iraq

Iran’s South Rouhina Steel Complex has reportedly sent 500 tons of rebar to Iraq. The Iranian trade attaché to Iraq, Naser Behzad, is quoted by IRNA as saying that the consignment was worth $250,000. ‘Exports to Iran have paved the way for sending standard goods,’ he said. South Rouhina Steel Complex has the capacity to […]

Sharp Decline in Iranian Steel Imports

By John Lee. Platts reports that Iranian steel imports fell 33 percent to 1.2 million mt in the first seven months of the year (April-October), citing data from the Iranian Steel Producers’ Association (ISPA). Over the same period, only 26,000 mt of semi-finished products were imported, a fall of 83 percent, along with 501,000 mt […]

Iran Ranks 14th in World Steel Production

A new report released by the World Steel Association (WSA) shows that Iran has ranked 14th in the world in crude steel production in the first six months of 2017. According to the report, Iran produced 9.947 million tons of crude steel in the first half of 2017 which shows 13.7 percent growth in compare […]

Italy’s Eusider agrees Iran Ferrosilicon Deal

By John Lee. Italy’s Eusider has reportedly signed a long-term agency agreement with Iran’s biggest ferrosilicon producer. According to PressTV, the exclusive distribution agreement with Iran Ferroalloys Industries Company (IFI) would give Eusider “the right space to market” Iranian ferroalloys, the company said. Based in Azna in Lorestan province, IFI is the first and biggest Iranian […]

Iran Launches Foreign Investment Plan for Steel Sector

The first foreign investment plan for the steel sector waws inaugurated in Eshtehard Industrial Park with the attendance of Minister of Industry, Mine and Trade and chairman of the board of Iranian Mines and Mining Industries Development and Renovation Organisation (IMIDRO). According to the report of public relations of IMIDRO, deputies of Industry, Mine and […]

Iran boosting Iron Ore Pellet Production

By John Lee. Iran’s largest steel producer has completed the installation of a new 5-million-mt/year iron ore pelletizing plant in Sangan, and is ready to start commissioning after the final testing within the coming days. According to a report from Platts, another Mobarakeh Steel Company (MSC) project — a 5 million mt/year iron ore concentrating […]

German Firm “Facing Challenges” Financing Iran Venture

By John Lee. Reuters reports that German steel plant maker SMS Group “faces challenges in raising financing” for its $400-million contract to expand production at Iran’s  Mobarakeh Steel Company. Board member Dieter Rosenthal told the news agency that the privately-held firm, which builds steel, aluminium and copper plants, signed the contract in February to add […]

Iran Ranks First among World’s DRI Producers

The Islamic Republic of Iran ranked first among countries producing Direct Reduced Iron (DRI) in January 2017, the preliminary data published by the World Steel Association showed. According to World Steel data, the estimated DRI output by Iran in January amounted to 1.325 million metric tons, Scrap Monster reported. India and Mexico were the second […]

Japanese Steel Company considers Chabahar Port

By John Lee. A Japanese company has reportedly signed an agreement to study steel production in at Chabahar port. Mehdi Karbasian, of Iran’s Industrial Development and Renovation Organization (IDRO), said that Sojitz Corporation would present its findings to IDRO by September. A final agreement on production of steel sheets would be expected to follow within […]

Iran to impose new Duty on Steel Imports

By John Lee. Platts has reported that the Iranian parliament will impose a new duty on steel imports, likely to be effective from September. The duty is Iranian Rial 100,000/mt (about $25/mt) of imported material and it will cover billet, beam, different strips, tubes, pipes, stainless steel and scrap. It is in addition to all […]

Iran’s Steel Output Up by 24% in October

Iran’s total production of crude steel in October 2016 increased by 24 percent compared to the same month last year, the latest report by the World Steel Association said. Iran’s crude steel production in October 2016 stood at 1.64 million tons, indicating a growth of 24% compared with the same period in 2015, data released […]

Iran Alloy Steel increases Output

Special steel producer Iran Alloy Steel has reportedly increased production by 23 percent year-on-year in the first seven months of Iranian year (to October 22). Managing director Ebrahim Ghadirian told S&P Global Platts that the company’s output of alloy steel totalled 220,000 mt in the period, 30,000 mt of which was exported. Exports are expected […]

MACMID seeks up to $4bn for Copper, Steel Projects

A private Iranian company is seeking joint venture partners to help develop copper, steel and other projects in the country, according to report from Reuters. Managing director Ebrahim Sadeghi of Mahan Company for Mines and Industries Development (MACMID) said on Tuesday: “We are looking to bring in international partners to jointly develop local deposits … […]

Iran Ready to Supply Vietnam with Energy, Steel

Iranian President Hassan Rouhani said the Islamic Republic is prepared to provide Vietnam with its requirements for energy and steel. “Vietnam can be a center for the development of Iran’s economic activity in East Asia,” President Rouhani said during a meeting with Vietnam Prime Minister Nguyen Xuan Phuc in the capital Hanoi on Thursday. Heading […]

Iran’s Steel Production Tops 10m Tons in 7 Mstths

Iran has produced over 10 million tons of steel in the first 7 months of 2016, data released by the World Steel Association showed. Iran’s steel production from January to July 2016 stood at 10.101 million tons indicating a growth of 4.7% compared with the same period last year, the latest report by the World […]

EU to Investigate Iran for Dumping Steel Products

By John Lee. The European Commission has initiated anti-dumping proceedings concerning imports of certain hot-rolled flat products of iron, non-alloy or other alloy steel originating in Brazil, Iran, Russia, Serbia and Ukraine. The move follows a complaint lodged in May by The European Steel Association (Eurofer). Producers and associations are invited to con­tact the Commission […]

Iran’s Steel Output Hits 5.5m Tons in 4 months

Iran has produced over 5.5 million tons of steel in the first four months of 2016, data released by the World Steel Association shows. Iran’s steel production from January to April 2016 stood at 5.57 million tons indicating a growth of 1.5% compared with the same period last year. The Islamic Republic had produced 5.488 […]

Iran reports “Huge Rail Purchase” from India

By John Lee. The managing director of the Islamic Republic of Iran Railways (IRIR, RAI), has been quoted as saying that Iran has bought 250,000 tons of rails from India. Mohsen Pour-Seyyed Aqaei said: “Five percent of the funds required for the purchase will be provided by the IRIR … The remaining 95 percent of […]