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Steel Trade Rejuvenated at Iran Mercantile Exchange

EghtesadOnline: Steel trade in Iran is picking up after a long period of subdued demand and activity. In fact, demand has doubled or tripled for certain products, exceeding supply and boosting trade to the 200,000-ton range not seen in weeks, Iran Mercantile Exchange’s trade statistics for last week showed.
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Publish Date:15/August/2017 | 16:18

Major Iranian Steelmakers Export Over 2m Tons

EghtesadOnline: Major Iranian steelmakers exported 2.13 million tons of semi-finished and finished steel products during the first four months of the current fiscal year (March 21-July 22), registering a 3% growth compared with last year’s corresponding period, Iranian Mines and Mining Industries Development and Renovation Organization reported.
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Publish Date:15/August/2017 | 16:07

Oxin Steel Gets Go-Ahead to Set Up Slab Plant

EghtesadOnline: Iran’s sole heavy plate producer plans to establish a slab production plant with a capacity to produce 1.2 million tons per year to expand the output of its special-grade steel products.
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Publish Date:06/August/2017 | 14:05

A Market Divided: Flat Steel Users Decry Reduced Supply

EghtesadOnline: President Hassan Rouhani has ordered the Cabinet to address the parliament’s concerns about steelmakers prioritizing flat steel exports over local downstream users’ demand, chairman of the Syndicate of Steel Pipe and Profile Manufacturers said.
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Publish Date:06/August/2017 | 13:25

ESCO Crude Steel Output Tops 500K Tons

EghtesadOnline: Esfahan Steel Company, Iran’s largest producer of constructional steel products, says it produced 522,814 tons of crude steel in the first three months of the current Iranian year (started March 21), slightly higher year-on-year.
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Publish Date:02/August/2017 | 10:35

Report: EU Stemming Iran Steel Tide

EghtesadOnline: A shadow rising on the wall and growing in size can be spooky. However, a shadow distorts the original object based on the angle and intensity of light that created it, failing to faithfully represent anything. The source of light determines perception.
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Publish Date:26/July/2017 | 09:25

Crude steel exports up 67% in Q1

EghtesadOnline: Iran exported 1.675 million tons of crude steel in spring 2017, which corresponds to the first quarter of the current Iranian calendar year (March 21-June 21), a 67 percent rise year on year, according to the Iranian Steel Association.
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Publish Date:25/July/2017 | 24:01

Growth Returns in Iran As Sanctions Are Eased

EghtesadOnline: According to an analysis by the Ministry of Industries, Mining and Trade, reported in the Financial Tribune, the data show growth in the production of crude steel, finished steel products, iron ore, coal concentrate and sheet glass in the last Iranian financial year running March 2016 to March 2017 compared to the year before, showing a significant uptick in output (much of it for export).
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Publish Date:25/July/2017 | 11:57

Production of Steel Plates for Fuel Tanks Starts

EghtesadOnline: Mobarakeh Steel Company has begun the production of carbon steel plates used in the production of fuel tanks for the first time in Iran, MSC’s manager for metallurgy and production affairs said.
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Publish Date:25/July/2017 | 08:41

Iran Steel Demand Up, Exports Halved

EghtesadOnline: Steel consumption in Iran during the first quarter of the current fiscal year (March 21-June 21) stood at 5.19 million tons, up 20% year-on-year and 323,000 tons more than domestic production, the Iranian Steel Producers Association’s latest report showed.
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Publish Date:23/July/2017 | 09:22

1st Wear-Resistant Steel Production in Iran

EghtesadOnline: Khouzestan Oxin Steel Company is producing wear-resistant steel for the first time in Iran, the company’s managing director announced.
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Publish Date:22/July/2017 | 07:12

Four Iranian steel projects ready: Official

EghtesadOnline: Four steel production projects using sponge iron technology through the Iranian method PERED were launched, Managing Director of MME (Mines and Metals Engineering) Company said on Wednesday.
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Publish Date:19/July/2017 | 24:51

Iranian Steel Facing EU’s Anti-Dumping Duties

EghtesadOnline: The European Commission has decided that Iran’s exports of hot-rolled coil to the continent will be subject to definitive anti-dumping duties.
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Publish Date:19/July/2017 | 08:57

Crude steel export up %45 in 1st 2 months

EghtesadOnline: Iran Steel Producers Association statistics indicated total export of crude steel in the first two months of current Iranian calendar year (March 21-May 21, 2017) standing at 1,084,000 tons, showing 45 percent growth compared to that in the same period the preceding year.
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Publish Date:17/July/2017 | 14:18

Mining Holding Ownership Strengthens MSC’s Clout

EghtesadOnline: Iran’s flagship flat steel producer has taken control of one of the country’s largest mining investment companies and extended its reach in the industry.
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Publish Date:17/July/2017 | 07:41

Oxin to Raise Exports, Targets Europe

EghtesadOnline: Iran’s main heavy plate producer, Khuzestan Oxin Steel Company, is planning to increase its exports in the current Iranian year (started March 21) to around 10% of its overall output, the company’s head of Marketing and Market Research, Mohammad Khazami, told S&P Global Platts.
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Publish Date:15/July/2017 | 11:36

Is Iran New China for Steel Billet?

EghtesadOnline: Iranian steel billet has been quietly gaining market acceptance in Southeast Asia because of its low prices, just as it happened with China-origin product a few years ago, but can it dominate the region?
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Publish Date:08/July/2017 | 08:44

Steel Pipe, Profile Expo Concludes in Tehran

EghtesadOnline: The Second Exhibition of Steel Pipe and Profile Manufacturing and Related Industries concluded in Tehran on Friday after it opened on July 4 following a 10-year hiatus.
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Publish Date:08/July/2017 | 08:08