NEWS
IRON and STEEL  

Iran Produces over 2.3mln Tons of Steel Ingot in One Month

Steel section statistical figures show 2.321,000 tons of production during the first month of the current Iranian calendar year (started on March 20), a 2% growth compared with last year’s same period.

Figures released by Iran's Steel Producers Association put the total amount of steel production at 2,542,000 tons during the first month.

Meanwhile, slab ingots production reached 1,037,000 tons or 12% rise compared with the same period last year.

Iran's steel industry, with a history of over half a century, today ranks first among competitors in the Middle East in terms of production and exports of this commodity and is expected to reach the 7th place the world until 2025.

Media reports said earlier in May that Iran has become the leading country in the field of producing and exporting steel in West Asia region.

With more than half a century experience, Iran’s steel industry is leader in the Middle East among its rivals in terms of steel production and exports, the Persian-language news outlets reported.

It is expected that Iran’s steel industry will promote its level from 10th to 7th in global arena by 2025.

According to the latest data of country’s Comprehensive Steel Plan, the Islamic Republic of Iran, Saudi Arabia, the United Arab Emirates (UAE) and Qatar are major steel producers in West Asia.

Statistics showed that the Islamic Republic of Iran produced about 25 million tons of steel in 2018, accounting for over 69 percent share of steel production in the region.

Iran, Saudi Arabia and the UAE, in addition to being the largest producers of steel in West Asia, have also the highest steel consumption volume.

The aforementioned three countries have accounted for over 70 percent share of steel consumption in the region.

News No: 9544
Date: 2020/05/19 - 23:31
News Source: Fars News

Steel Ingot  steel  Steel Producers Association 

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.
 

Kobe Steel turns non-standard compressor affiliate in China into subsidiary

Kobe Steel, Ltd announces that it has turned its Chinese affiliate, Wuxi Compressor Co., Ltd., into a subsidiary after acquiring additional shares in the company in April 2020. Based in Wuxi, Jiangsu Province, Wuxi Compressor manufactures designs and sells non-standard (process gas) compressors, a core component used in petroleum refining, chemical and natural gas plants.
 

MMK and SMS group managed to implement targeted commissioning despite extremely difficult conditions

In 2018, Magnitogorsk Iron & Steel Works (MMK), Russia, has awarded an order to SMS group covering the extensive modernization of the finishing mill mechanical equipment and the fundamental revamp of the electrical and automation system of hot strip mill 2500 at the Magnitogorsk site.
 WEEKLY STEEL SCRAP:

Turkey keeps buying, Asia bulk markets go quiet

Turkish steel producers remained active in the market for import scrap in the week ending Friday June 12, while prices for bulk scrap in Japan and Vietnam appear to hit a ceiling as activity slowed.
 

Steel import price recovery persists in South America on stronger demand, currency

Prices for flat-rolled steel imported into South America continued to recover during the week to Friday June 12 as more increases were issued - mainly by Chinese and Japanese mills - for August-shipment cargoes.
Upcoming Events
Publications
 Mines & Metals

Mine & Business Today

 Scrap & Recycling

Ahangan

Our partners