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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

Sefid Dasht Produces 62KT of Sponge Iron in 3 Months

EghtesadOnline: Sefid Dasht Steel Complex produced 62,214 tons of direct-reduced iron during the first three months of the current Iranian year (March 21-June 21), the deputy head of the company, Jamshid Alibabaei, said.
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Publish Date: 30/June/2017 | 13:04

ISPA Monitors Iranian Steel Sector Performance

EghtesadOnline: Iranian steelmakers produced 6.77 million tons of semi-finished and finished steel products during the first two months of the current fiscal year (March 21-May 21), indicating a 13.3% growth compared with last year’s corresponding period.
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Publish Date: 30/June/2017 | 13:03

MSC’s Sangan Plant Begins Trial Production

EghtesadOnline: Iran’s largest steelmaker, Mobarakeh Steel Company, has started the test run of its 5-million-ton per year iron ore pelletizing plant in Sangan mineral zone in northeastern Iran, Iranian Mines and Mining Industries Development and Renovation Organization reported.
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Publish Date: 24/June/2017 | 08:46

MSC Boosts Sales by 18%

EghtesadOnline: Iran’s Mobarakeh Steel Company boosted sales by 18.21% to 6.2 million tons in the last Iranian year (ended March 20, 2017), according to a Monday filing in Tehran Stock Exchange.
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Publish Date: 23/June/2017 | 18:08

Deal to Transport Steel Via Railroad

EghtesadOnline: Islamic Republic of Iran Railways has signed a deal with Esfahan Steel Company for the transportation of ESCO’s products to the southern port of Shahid Rajaee.
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Publish Date: 23/June/2017 | 16:48

5th Attempt to Sell ESCO’s Shares

EghtesadOnline: For the third time, Iran Privatization Organization is going to offer a 16.75% equity stake of Esfahan Steel Company on the over-the-counter Iran Fara Bourse on July 1.
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Publish Date: 18/June/2017 | 08:57

Iran's IMIDRO World’s 25th Biggest Steel Producer

EghtesadOnline: Iranian Mines and Mining Industries Development and Renovation Organization was the world’s 25th largest producer of crude steel in 2016 with 14.02 million tons.
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Publish Date: 06/June/2017 | 11:41

KSC Profits Triple

EghtesadOnline: Khouzestan Steel Company’s profits in the last fiscal year (March 2016-17) surged over 300% to 6.7 trillion rials ($176.31 million) compared to the year before, the company’s manager, Modarres Khiabani, said.
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Publish Date: 03/June/2017 | 08:05

A Balancing Act

EghtesadOnline: Iran’s steel consumption has experienced a downtrend for the past six years, highlighting the country’s ailing market and subdued demand.
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Publish Date: 03/June/2017 | 08:04

Semi-Finished Steel Imports Down 88%

EghtesadOnline: Imports of semi-finished steel dropped by 88% in the first month of the current Iranian year (started March 21) compared with last year’s corresponding period to stand at 29,000 tons, according to Iranian Steel Producers Association.
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Publish Date: 29/May/2017 | 07:11

Iran Steel Output Jumps 14.3%

EghtesadOnline: Iranian steel mills produced 6.369 million tons of crude steel in the first four months of 2017, registering a 14.3% growth year-on-year, the latest report released by World Steel Association said.
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Publish Date: 27/May/2017 | 06:31

Steel Sector Buoyant as Imports Take a Plunge

EghtesadOnline: Iran’s steel imports were down across the entire spectrum of products in the first month of the current Iranian year (March 21-April 20).
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Publish Date: 20/May/2017 | 10:55

Shadegan Starts Hot Commissioning of New DRI Module

EghtesadOnline: Iran’s Shadegan Steel Company started hot commissioning of a new direct reduced iron module on Sunday, the country’s state mines and metals holding company IMIDRO said on Thursday.
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Publish Date: 20/May/2017 | 10:39

Major Steelmaker Struggling to Avert Insolvency

EghtesadOnline: Esfahan Steel Company is seeking to lighten its debt burden by reaching a set-off agreement with the government, according to the company’s manager, Ahmad Sadeqi.
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Publish Date: 16/May/2017 | 08:29

MSC Buys 16% Stake in Iran’s Largest Mining Investor

EghtesadOnline: Iran’s largest steel producer, Mobarakeh Steel Company, has bought a further 16.1% stake in Mines and Metals Development Investment Company from a semi-governmental retirement fund.
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Publish Date: 14/May/2017 | 10:03