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.
EghtesadOnline: Iranian steelmakers exported 7.41 million tons of their products in the first 11 months of the current fiscal year (March 21-Feb. 19), registering a 52.2% year-on-year growth, the Iranian Steel Producers Association announced.
EghtesadOnline: Iranian steelmakers exported 6.55 million tons of steel during the first 10 months of the current fiscal year (March 21, 2017-Jan. 20), posting a 48% year-on-year growth, according to the Iranian Steel Producers Association.
EghtesadOnline: Domestic equipment manufacturers will have a 30% share in the contract with Turkish energy and construction company Unit International, which is commissioned to build two power plants in Iran, the deputy for planning at the Thermal Power Plants Holding Company said.
EghtesadOnline: Iranian export billet prices went up by $5-15 per ton on an FOB basis in the week that ended Feb. 21 with higher offers being accepted by customers.