Iran Steel Market News

A 4.06% stake in Iran’s largest steelmaker Mobarakeh Steel Company has been scheduled to be sold by Saba Tamin Investment Company on May 5.

The sale comprises 3.04 billion shares with a…

Iranian steel mills produced 6.8 million tons of crude steel in the first quarter of 2018, up 47% compared with last year’s similar period, according to the latest report released by World Steel…

Khouzestan Steel Company, Iran’s largest exporter of semi-finished steel products, intends to integrate its production and is negotiating to buy local plate producer Oxin Steel, a company source…

The foreign exchange market recently went in a frenzy, with the rial losing its value against the US dollar on a daily basis. 

The government had to intervene to bring back…

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…

Buying activity in the Iranian export market for steel billet was muted in the week that ended on April 11 amid reduced demand for finished steel products in customers’ markets as well as…

A lot of industries may be struggling in Iran, but steel is not one of them, as the country's mills ended last fiscal year (on March 20, 2018) with solid growth in exports.

The last fiscal (ended March 20, 2018) had its ups and downs, but it was propitious for major Iranian exchange-listed steelmakers. 

Increasingly favorable global conditions, rapid…

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…

Iranian exporters of semi-finished steel products returned to the market after the Iranian New Year holidays late last month with price reductions that followed the trend in the wider global…

Major Iranian steelmakers exported 6.56 million tons of semi-finished and finished steel products during the first 11 months of the current fiscal year (March 21-Feb. 19), registering a 39%…

Who’s for a trade war? Apparently no one, except US President Donald Trump. 

His impromptu announcement last week of slapping tariffs on steel and aluminum imports set off worried…

Iran’s largest flat steel producer Mobarakeh Steel Company ended the 11 month of the current fiscal year (Feb. 19) with robust growth in sales value and double-digit upticks in production and…

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…

Iran’s semi-finished steel exports during the first nine months of the current fiscal year (March 21-Dec. 21) stood at 4.61 million tons, marking a rise of 80% year-on-year, the Iranian Steel…

Major Iranian steelmakers exported 4.56 million tons of semi-finished and finished steel products during the first eight months of the current fiscal year (March 21-Nov. 21), registering a 27%…

Major Iranian steelmakers exported 3.54 million tons of semi-finished and finished steel products during the first half of the current fiscal year (March 21-Sept. 22), registering a 32% growth…

It’s a fairly straightforward scenario. Weakening a domestic currency stimulates the country’s exports and makes imports more expensive—a desirable route to shape an export-…

Iranian steel mills produced 13.44 million tons of steel from the beginning of January this year up to the end of August, registering a 15.7% growth compared with last year's corresponding…

The financially embattled Esfahan Steel Company has been drowning in debt for the past few years, but the veteran Iranian steelmaker’s latest production data indicate it is slowly finding a way…

The Iranian government has asked domestic steel mills to allocate more billets to the domestic market where demand has increased significantly, informed sources in Tehran said on Thursday.

Chinese steel was everywhere in the world for the good part of the past few years. Disheartened Iranian producers were unable to compete with low prices and downstream users sidestepped local…

Major Iranian steelmakers exported 2.13 million tons of semi-finished and finished steel products during the first four months of the current fiscal year (March 21-July 22), registering a 3%…

A shadow rising on the wall and growing in size can be spooky. However, a shadow distorts the original object based on the angle and intensity of light that created it, failing to faithfully…

Steel consumption in Iran during the first quarter of the current fiscal year (March 21-June 21) stood at 5.19 million tons, up 20% year-on-year and 323,000 tons more than domestic production, the…