NEWS
IRON and STEEL  

Annual steel ingot output estimated to reach 28m tons by Mar. 2020

Annual production of steel ingot in Iran is predicted to reach 28 million tons in the current Iranian calendar year (ends on March 19, 2020), according to Khodadad Gharibpour, the head of Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO).

Making the remarks during the annual general assembly meeting of Iranian Steel Producers Association on Tuesday, the official put the steel ingot output at 25 million tons in the past year, IRNA reported.

Today, Iranian steel industry is meeting most of its requirements relying on domestic capabilities and it is just a little dependent on the foreign resources, the official underlined.

As previously announced, Iran's steel production capacity is projected to reach around 40 million tons this year with crude steel production reaching between 25 and 27 million tons.

According to the World Steel Organization (WSO), Iran became the world’s tenth largest steel producer in 2018. The country is expected to become the world’s seventh biggest steel producer by 2021, reaching 55 million tons of steel capacity.

According to the WSO’s report, Iran produced 25 million tons of crude steel in 2018 which indicates 17.7 percent growth from 21.2 million tons in 2017.

Also, a recent report by the WSO says that production of crude steel in Iran rose 7.1 percent during the first quarter of 2019 compared to the same period of time in 2018.

It is while crude steel production in the world increased 4.5 percent in the first quarter of this year.

The country’s crude steel production capacity will increase by 25 million tons within the next four years, according to a deputy director in IMIDRO.

Ardeshir Sa’d Mohammadi said that through such increase in crude steel output, the required feedstock for the plants will be properly supplied.

The official further lamented that of the 35 million tons of crude steel produced in the past Iranian calendar year (ended on March 20, 2019), 25 million tons were used in the production process.

News No: 6505
Date: 2019/10/02 - 22:21
News Source: Tehran Times

World Steel Organization  Steel Producers Association  IMIDRO  steel ingot 

Comments:

Leave a Comment:

   
   
   
 

Foreign Investors Visiting Mining Opportunities Exhibition in Tehran

The 8th edition of the International Exhibition of Investment Opportunities in Iran’s Mines and Mining Industries, known as Minex 2019, is underway in Tehran where investors from around the world can learn more about prospective benefits in a country which holds 7% of the world’s mineral reserves.
 

Iran Govt Plans to Impose Tariffs on Iron Ore Exports; IROPEX Opposes

According to Iranian Mines & Mining Industries Development & Renovation (IMIDRO), the Iranian government planned to impose a 25% tariff on iron ore exports from 1st Oct’19. The policy of tariffs is mostly to avoid exporting raw iron ore, creating more additional value, and meet the requirements from domestic steel industries.
 

Minerals extraction at 500m tons in a year

Iranian Industry, Mining and Trade Minister Reza Rahmani put the country’s minerals extracted in the past Iranian calendar year (ended on March 20, 2019) at 500 million tons, IRNA reported.
 

China traders cut back Iran iron ore purchases ahead of tariff hike

China has taken fewer shipments of iron ore from Iran over August and September, according to Refinitiv Eikon data, as additional export tariffs due to be imposed by Tehran have dampened risk appetites in the world’s biggest steelmaker.
 

4-month steel exports exceed 2.24mt

Iran’s major steel producers exported 2.241 million tons of steel during the four-month period from March 21 to July 22, IRNA reported.
 

Iran’s 4-month steel ingot production up 4% yr/yr

The output of Iran’s 10 major steel ingot producers reached 6.863 million tons in the first four months of the current Iranian calendar year (March 21-July 22), indicating a four percent increase compared to last year’s same period.
Upcoming Events
Publications
 Mines & Metals

Mine & Business Today

 Scrap & Recycling

Ahangan

Our partners