EghtesadOnline: The Energy Ministry is keen to make good on a promise to add at least 1,000 megawatts, or 1 GW, to total power generating capacity each year through 2022 with the help of the private sector, a deputy energy minister said on Monday.
EghtesadOnline: There were high hopes for the Iranian mining industry after the lifting of international nuclear sanctions against Iran. Exploiting massive reserves of copper, iron ore, zinc and lead in an energy-rich country that has just moved out of economic isolation sounds like a recipe for success. But why has the sector’s growth been slower than expected?
EghtesadOnline: Major Iranian iron ore producers manufactured 12.49 million tons of iron ore concentrate during the first four months of the current fiscal year (March 21-July 22), registering a 28.3% growth compared with last year’s corresponding period, Iranian Mines and Mining Industries Development and Renovation Organization reported.
EghtesadOnline: Iran’s bitumen industry is plagued by a lack of steady supply of raw materials and varying quality, causing the industrial material’s exporters to lose ground in international markets.
EghtesadOnline: The government is making another foray to enforce pricing, as the so-called Competition Council has announced a new pricing mechanism for steel.
EghtesadOnline: Booms and busts are inevitable in every sector. Most industries cannot imagine the fall when they are flying or envision prospering when they are down.
EghtesadOnline: Steel pipe and profile producers’ demand for 3-mm and thinner flat steel stood at about 1.5 million tons in the last fiscal year (ended March 20, 2017), Mobarakeh Steel Company’s sales and marketing manager said.
EghtesadOnline: Import prices for hot-rolled coil in Iran continued to trend upward over the week ending August 9, as offers from the mills of Commonwealth of Independent States rose further, supported by tight availability of the material.
EghtesadOnline: Iran exported more than 20.6 million tons of mineral products worth over $2.83 billion during the first four months of the current Iranian year (March 21-July 22), registering a 3% growth and 5% decline in tonnage and value respectively compared with last year's corresponding period.
EghtesadOnline: Steel trade wars are looming across the world, as over 150 lawsuits were filed just last year.