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Iranians Prefer Domestic Flat Steel

EghtesadOnline: Iranian buyers now prefer locally produced flats, as their prices are more competitive compared to those of imported material.
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Publish Date:20/January/2017 | 19:57

Iran Mulls 10% Export Duty on Unprocessed Iron Ore

EghtesadOnline: The Iranian government is considering whether to impose a 10% export duty on unprocessed iron ore, so as to promote the sale of value-added raw materials and steel products.
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Publish Date:15/January/2017 | 18:52

Iranian Flat Steel Importers Lying Low

EghtesadOnline: Buying activity in the Iranian flat steel import market has remained sluggish over the past week, as customers wait for the government to implement new import duty regulations.
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Publish Date:14/January/2017 | 15:45

Private Steel Exports Up 118%

EghtesadOnline: Iranian private steelmakers exported 2.56 million tons of crude steel during the nine months ending December 20, recording a 118% upsurge compared with last year’s corresponding period.
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Publish Date:12/January/2017 | 14:51

Import of Steel Products Declines

EghtesadOnline: Iran’s import of steel products during the nine months to December 20 declined by 24% to stand at 2.3 million tons.
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Publish Date:12/January/2017 | 14:40

Iran’s KSC Sales Hit Record High

EghtesadOnline: Despite challenging market conditions, Iran’s billet and longs producer Khorasan Steel Complex managed to significantly increase sales volumes over the first nine months of the current Iranian year (March 20–Dec. 20, 2016).
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Publish Date:12/January/2017 | 14:38

Crude steel exports up over 51% in 8 months

EghtesadOnline: The private sector exported 3,742,000 tons of crude steel and related products in the first eight months (March 20-November 20) of this year (started on March 20), showing 51 percent increase compared to that in the same period the year before.
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Publish Date:02/January/2017 | 18:21

MSC Signs $7.5m Deal With Finnish Firm

EghtesadOnline: Mobarakeh Steel Company signed its first foreign investment deal worth $7.53 million with Finland’s Ecofer.
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Publish Date:27/December/2016 | 11:15

ESCO Signs Export Contract With Iraqi Firm

EghtesadOnline: Esfahan Steel Company has signed a draft contract with Iraq’s General Company for Trading of Construction Materials, owned by the Iraqi Ministry of Trade for exporting iron products.
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Publish Date:27/December/2016 | 11:14

Flat Steel Imports Remain Sluggish

EghtesadOnline: Buying activity in the Iranian flat steel import market has been sluggish over the past week, as imports were too expensive compared with local products.
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Publish Date:25/December/2016 | 18:17

ESCO Starts Liquid Argon Production

EghtesadOnline: Esfahan Steel Company has started the production of pure liquid argon, announced ESCO’s head of Energy Management Department, Hassan Khazaei, on Tuesday.
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Publish Date:22/December/2016 | 11:30

Iran Steel Prices Hit Plateau as Forex Rates Rise

EghtesadOnline: The rising trend in steel pricing in Iran stopped last week, with some prices slipping back as hard currency prices strengthened. Some local sellers tried to raise prices but weak demand stifled the attempt, Metal Bulletin reported.
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Publish Date:28/November/2016 | 20:28

Iranian Steelmakers Need to Look Beyond Borders

EghtesadOnline: The current situation in the domestic steel market has compelled most Iranian producers to shift their attention to exports. However, they need to tackle an array of problems including lack of funding, high transportation costs, strong international competition and unstable market environment.
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Publish Date:28/November/2016 | 20:12

Iran Steel Prices Rise as Trump’s Win Spooks Market

EghtesadOnline: The election of Donald Trump as US president has caused concern in Iran, with sellers in the Iranian steel market now pushing for price rises, despite stagnant domestic demand.
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Publish Date:13/November/2016 | 19:07

MSC Boosts Capacity as Flat Steel Demand Grows

EghtesadOnline: Mobarakeh Steel Company’s new continuous casting machine was inaugurated by First Vice President Es’haq Jahangiri and the company’s managing director, Bahram Sobhani, last week in Isfahan Province.
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Publish Date:13/November/2016 | 18:52

New DRI Plant Goes on Stream

EghtesadOnline: After a 10-year hiatus, Sefid Dasht Steel Complex became operational and produced its first batch of direct-reduced iron on Friday, Iranian Mines and Mining Industries Development and Renovation Organization reported on its website.
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Publish Date:30/October/2016 | 08:57

Iran Steel exports up by 24% over the past six months

EghtesadOnline: Seven major Iranian steel production units exported as much as $850.428 million worth steel products in the first half of the current Iranian year (started on March 20).
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Publish Date:11/October/2016 | 06:59