NEWS
IRON and STEEL  

Monthly steel products output surpasses 1.5m tons

Production of steel products in Iran reached 1.534 million tons in the first Iranian calendar month Farvardin (March 20-April 19), IRNA reported citing the data released by the country’s steel producers.

The released data show that the country’s steel products output has fallen eight percent in the first month of this year from that of the same month in the previous year, which was 1.668 million tons.

As previously announced, Iran’s export of steel products in the past Iranian calendar year (ended on March 19) rose 27 percent compared to its preceding year.

The country’s major steel producers managed to export about 7.33 million tons of the products in the previous year.

According to the data released by the Industry, Mining, and Trade Ministry, in the mentioned period over 20.226 million tons of steel ingots were produced by the country’s 10 major companies to register a five-percent rise year on year.

The mentioned companies also produced nearly 13.38 million tons of other steel products last year, six percent more than the preceding year.

As Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) has announced, Iran’s annual steel ingot production is planned to increase 3.2 million tons in the current Iranian calendar year, which began on March 20.

The country has defined 16 development projects in the steel sector to boost the output of steel products by 17.3 million tons in five years.

These projects are for constructing production units each with the capacity of 600,000 tons, while some other projects have been also defined to set up some units with under 500,000-ton capacity that together with the 600,000-ton capacity units will add 19.1 million tons to the country’s annual steel products output.

In its latest report, the World Steel Association (WSA) has announced that Iran’s crude steel production increased by 30 percent in 2019 while the average global growth in this sector stood at 3.5 percent.

Based on the WSA report, Iran produced 31.9 million tons of the mentioned commodity during 2019 compared to the preceding year’s nearly 24 million tons.

In its outlook plan for the Iranian calendar year 1404 (2025-2026) Iran has envisaged production of 55 million tons of steel per annum, and to achieve this target the country requires to produce 160 million tons of iron ore concentrates. 

Industry, Mining, and Trade Ministry has announced that production of iron ore concentrate in Iran reached 47.306 million tons in the previous Iranian calendar year, registering a four-percent rise compared to the preceding year.

The country has extracted 64.274 million tons of iron ore during the past year, according to the data released by Iranian Mines and Mining Industries Development and Renovation Organization.

In a bid to prevent the exports of unprocessed minerals, creating more value-added and meeting the requirements of domestic producers for the raw materials, Iran has levied a 25-percent duty on the exports of raw minerals (especially iron ore) since September 23, 2019.

Industry Ministry believes that the duty is going to encourage the production of more processed minerals such as pellets and concentrate instead of selling the raw minerals.

News No: 9534
Date: 2020/05/19 - 22:50
News Source: TehranTimes

World Steel Association  Trade Ministry  steel  IMIDRO 

Comments:

Leave a Comment:

   
   
   
 

Domestic manufacturing of oil pipes saves Iran €60m

The acting head of the Industrial Development and Renovation Organization of Iran (IDRO) has said that manufacturing various types of oil pipes by domestic producers has saved the country over €60 million.
 

HEPCO to manufacture equipment, machinery for mining companies

Heavy Equipment Production Company (HEPCO) has signed memorandums of understanding (MOUs) with five major domestic mining companies to manufacture equipment and machinery for them.
 The Chairman of IMIDRO announced:

Large mining companies and HEPCO to sign 5 Memorandum of Cooperation under the leadership of IMIDRO

Deputy Minister of SMT and Chairman of IMIDRO said, “After acquisition of HEPCO by the Social Security Organization, IMIDRO’s supportive approach toward the company has not changed and regarding to the development missions of this organization and the national view, in the year of “Production Jump”, Mining sector and Mining Industries will certainly continue to support this long-serving manufacturer and develop the cooperation.”
 

Less than 20% progress posted for 69% of underway industrial, mining projects

The latest data published by the Iranian Industry, Mining and Trade Ministry show that 69 percent of the semi-finished industrial, mining, or trade projects across the country reported less than 20 percent of physical progress by the end of the previous Iranian calendar year (March 19).
 

Over 72,000 industrial, mining units operating across Iran

Latest Data released by the Iranian Industry, Mining and Trade Ministry shows that 72,250 industrial and mining units are operating across the country in which nearly 2.43 million people are working, ISNA reported.
 

Mining companies' sales through stock market up 55% in 2 months

The total sales of large mining companies through the stock market has increased by 55 percent in the first two months of the current Iranian calendar year (March 20-May 20), year on year, Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) announced.
Upcoming Events
Publications
 Mines & Metals

Mine & Business Today

 Scrap & Recycling

Ahangan

Our partners