EghtesadOnline: Iranian steel mills produced 8.12 million tons of crude steel during the first four months of 2018, up 27.6% compared with last year’s similar period, according to the latest report released by the World Steel Association.
EghtesadOnlinew: Iranian steelmakers and customers in major outlet regions such as the Middle East, North Africa and Asia have started to voice concerns that the US decision to quit the nuclear agreement would have a negative effect on the country’s steel exports and consequently on output.
EghtesadOnline: Major Iranian steelmakers exported 420,944 tons of semi-finished and finished steel products during the first month of the current fiscal year (March 21-April 20) to register a 6% growth year-on-year.
EghtesadOnline: Iran is finalizing about €2 billion of investment from Europe in copper and steel projects despite threatened new US sanctions, a government official said on Wednesday.
EghtesadOnline: In its latest report titled “Short Range Outlook for 2018-19”, the World Steel Association (Worldsteel) forecasts that Iranian steel demand will increase by 5.5% to 21.05 million tons by the end of 2018 and rise up to 5% in 2019 to 22.1 million tons.
EghtesadOnline: Flat steel import trade in Iran has been almost non-existent in the past several weeks, because of currency exchange rate issues.
EghtesadOnline: Iran exported more than 60.2 million tons of mineral products worth over $8.9 billion in the last fiscal year (ended March 20, 2018), down 7.8% in tonnage and up 3.2% in value compared to the year before.
EghtesadOnline: The last fiscal (ended March 20, 2018) had its ups and downs, but it was propitious for major Iranian exchange-listed steelmakers.
EghtesadOnline: The government is intervening in the pricing of base metals in the local market, again.
EghtesadOnline: The government has finally dialed down import duties on various types of flat steel, despite objections by producers and even government bodies such as Iranian Mines and Mining Industries Development and Renovation Organization.