EghtesadOnline: The prices of imported hot-rolled and cold-rolled coils in Iran remained unchanged over the past week.
EghtesadOnline: Iranian steel mills produced 8.159 million tons of crude steel in the five months to June 2017, registering a 13.1% growth year-on-year compared with last year’s corresponding period, according to the latest report released by World Steel Association.
EghtesadOnline: Iran’s major phosphate producer, Esfordi Phosphate Industrial & Mineral Complex, generated 11,223 tons of phosphate during the first two months of the current fiscal year (March 21-May 21), registering a 13% increase compared to last year’s corresponding period.
EghtesadOnline: Buying activity in the Iranian flat steel import market remained limited over the past week due to the traditional Ramadan slowdown, Metal Bulletin reported. As such, prices have not seen any significant change.
EghtesadOnline: The Iranian steel industry is pushing ahead with its ambitious plan to become the world’s sixth largest steelmaker as per its 2025 Vision Plan. New crude steel and raw material output capacity are being added every year and production is following a growing trend.
EghtesadOnline: The Iranian iron ore sector has experienced tough times in the last few years. “Of the 145 small and medium iron ore mines operating in the fiscal year 2013-14, only nine are still producing,” Bahram Shakouri, the deputy head of Iranian Iron Ore Producers and Exporters Association, was quoted as saying by Bourse Press.
EghtesadOnline: Iran has high long steel production capacity, small output and low exports. The scenario for flats is the exact opposite, which is testament to Iran’s unbalanced steel sector.
EghtesadOnline: Buying activity in the Iranian flat steel import market dropped last week amid limited demand from pipe and profile industries.
EghtesadOnline: Major Iranian steelmakers exported 571,888 tons of semi-finished and finished steel products in the second month of the current Iranian year (April 21-May 21), registering a 24% drop compared with last year’s corresponding period.
EghtesadOnline: Iranian flat steel importers and traders were seeking lower prices to offset weakening sentiment in Iran’s domestic market.