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Domestic Economy

Steel Heavyweights Record Growth in Fiscal 2020-21 Upstream Output

The upstream steel industry registered growth in the production of iron ore concentrate, pellet and direct reduced iron during the last Iranian year (March 2020-21), latest data released by the Iranian Mines and Mining Industries Development and Renovation Organization showed.

The IMIDRO report takes into account the output of major producers, hence the overall production should be higher than the figures quoted in the following text.

 

 

Iron Ore Concentrate

A total of 49.7 million tons of iron ore concentrate were produced during the year under review, marking a 5% increase compared with the same period of last year. 

According to IMIDRO, Golgohar Mining and Industrial Complex had the highest share of the output, by producing 16.2 million tons. The number is 2% higher than the year before. 

Chadormalu Mining and Industrial Complex came next with 11.46 million tons (up 19% YOY), followed by Middle East Mines and Mining Industries Development Holding Company with 6.26 million tons (up 19% YOY) and Goharzamin Iron Ore Company with 4.48 million tons (down 1% YOY).

Other major producers included Iran Central Iron Ore Company with 4.22 million tons (down 10% YOY), National Development Company with 2.5 million tons (up 2% YOY) and Opal Parsian Sangan with 2.37 million tons (down 22% YOY).

Sabanour Mining and Industrial Development Company recorded the highest increase in iron ore concentrate production. The company’s output increased by 26% to 1.43 million tons. 

Iron ore concentrate output during the 12th Iranian month (Feb. 20- March. 19) amounted to 3.53 million tons to register a 5% decrease compared with the year before. 

Chadormalu Mining and Industrial Complex was the leading producer during the month, solely accounting for 958,214 tons of the monthly output. Golgohar Mining and Industrial Complex followed with 795,579 tons of monthly output.

Chadormalu with 26% registered the highest increase during the month under review.

 

 

Pellet

Golgohar was the largest producer of pellet during the previous Iranian year, with 12.24 million tons (up 1% YOY), followed by Mobarakeh Steel Company with 7.36 million tons (up 8% YOY), MIDHCO with 6.27 million (up 11% YOY), Khouzestan Steel Company with 5.56 million tons (down 5%) and Chadormalu with 3.73 million tons (up 3% YOY).

Other major pellet producers included Opal Parsian Sangan with 3.4 million tons (up 6% YOY), Sangan Mineral and Industrial Company with 3.34 million tons (up 34% YOY) and Khorasan Steel Company with 1.5 million tons (up 2% YOY). 

Sangan Mineral and Industrial Company registered the largest growth in pellet output during the period, 34% year-on-year.

Pellet output of major steel mills amounted to 46 million tons, posting a growth of 10% compared with the year before.

Pellet production witnessed a 6% year-on-year decrease during the 12th month of last Iranian year to 3.61 million tons, IMIDRO’s data show. 

Sabanour Mining and Industrial Development Company with 77% registered the highest jump in output during the month to March 19. 

  

 

Direct-Reduced Iron 

Mobarakeh accounted for the largest share of DRI output with 7.24 million tons (up 12% YOY), followed by KSC with 4.08 million tons (up 9% YOY), Golgohar Complex with 3 million tons, South Kaveh Steel Company with 1.7 million tons (up 13% YOY), Hormozgan Steel Company with 1.65 tons (up 8% YOY), Chadormalu Steel Company with 1.6 million tons (up 1% YOY) and Saba Steel Complex with 1.38 million tons (up 13% YOY).

Heavyweights' production of direct-reduced iron stood at 30.5 million tons during the previous fiscal year, up 9% YOY. 

DRI production reached 2.67 million tons during the month to March 19, indicating a 9% growth YOY. 

Mobarakeh Steel Company produced 641,020 tons of DRI to lead the market during the 12th month while its monthly output registered an 8% growth, year-on-year.