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Iran 12th Global Steelmaker

EghtesadOnline: Iranian steel mills produced 16.23 million tons of steel since the beginning of January up to the end of September, up nearly 30% compared with the nine-month period of 2016, according to the latest report of World Steel Association.
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Publish Date:28/October/2017 | 11:32

S. Korean Firm May Call Off Furnace Sale to Iranian Steelmaker

EghtesadOnline: Creditors of South Korea’s Dongbu Steel Company may face a setback in their plan to sell off the cash-strapped company’s electric furnace used for hot-rolled steel production to an Iranian steelmaker, amid concerns that the US could walk out of a nuclear deal with the Middle Eastern country.
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Publish Date:28/October/2017 | 11:30

Sinosteel Presents Pelletizing Tech in Tehran

EghtesadOnline: China’s Sinosteel Corporation presented its pellet production technology during a ceremony held in Tehran with Iranian steel industry officials and players in attendance.
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Publish Date:25/October/2017 | 14:40

Persian Reduction Technology to Lower Steelmakers’ Costs

EghtesadOnline: Iran has long relied on its cheap energy costs and abundance of raw materials to sustain its steel industry, having to forego development of new technologies due to years of stringent international sanctions over its nuclear program.
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Publish Date:23/October/2017 | 10:05

MSC Output Up 14%

EghtesadOnline: The launch of the 1.5-million-ton/year expanded Saba Steel Plant and affiliated hot-rolled coil units in Isfahan Province has helped Iran’s largest steel producer Mobarakeh Steel Company increase its production capacity by 14%, MSC’s public relations manager said.
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Publish Date:15/October/2017 | 10:39

Flat Steel Import Prices Rise, But Demand Stays Low

EghtesadOnline: The prices for some flat steel products to be imported into Iran increased last week, while buying activity was slow because buyers wanted discounts.
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Publish Date:08/October/2017 | 06:58

Iran Steel Industry Hamstrung by Graphite Electrode Shortage

EghtesadOnline: Sometimes all it takes to retard a well-oiled machine is one loose cog. And for the Iranian steel industry, the increasingly limited supply of graphite electrode is the inconspicuous gear capable of impeding its growth.
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Publish Date:07/October/2017 | 05:55

Steel exports hit 6m tons

EghtesadOnline: Head of the Board of the Governors of Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) Mehdi Karbasian says export of steel rose to six million tons last year from about 200,000 tons in 2012.
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Publish Date:18/September/2017 | 14:15

Iran Steel Exports Rise 12%

EghtesadOnline: Major Iranian steelmakers exported 2.64 million tons of semi-finished and finished steel products during the first five months of the current Iranian year (March 21-Aug. 22), registering a 12% growth compared with last year’s corresponding period, Iranian Mines and Mining Industries Development and Renovation Organization reported.
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Publish Date:11/September/2017 | 11:28

Prelude to Iranian Steel Market Conference 2018

EghtesadOnline: Iranian government officials and steel industry players met at Financial Tribune’s office in Tehran on Sunday to set the agenda and the general outlook for the Eighth Iranian Steel Market Conference, otherwise known as ISMC 2018, which is scheduled to be held in the Iranian capital on Jan. 30-31.
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Publish Date:11/September/2017 | 10:32

WSA Reports on Jan.-July Production: Iran Steel Output Up 14%

EghtesadOnline: Iranian steel mills produced 11.52 million tons of steel from January to July 2017, registering a 14.1% growth compared with last year's corresponding period, the latest report released by World Steel Association shows.
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Publish Date:26/August/2017 | 08:42

Iran Secures Foothold in Global Steel Market

EghtesadOnline: Blessed by a plethora of mineral reserves, Iran has been making use of the opening that followed the nuclear agreement it reached with world powers, officially known as Joint Comprehensive Plan of Action, to develop its mining sector with an eye to growing its economy held back by many years of international sanctions. The implementation of JCPOA in January 2016 marked the official end of those sanctions.
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Publish Date:26/August/2017 | 07:38

China’s Troubled Relationship With Iranian Steel Industry

EghtesadOnline: Chinese steel was everywhere in the world for the good part of the past few years. Disheartened Iranian producers were unable to compete with low prices and downstream users sidestepped local suppliers to lower their production costs.
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Publish Date:20/August/2017 | 09:46

Iranian Steel Mills to Boost Billet Supply to Domestic Market

EghtesadOnline: The Iranian government has asked domestic steel mills to allocate more billets to the domestic market where demand has increased significantly, informed sources in Tehran said on Thursday.
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Publish Date:20/August/2017 | 09:40