Iran Steel Market News

Iranian flat steel importers and traders were seeking lower prices to offset weakening sentiment in Iran’s domestic market.

“Prices in the local market are decreasing day by day,” one…

Iranian Mines and Mining Industries Development and Renovation Organization was the world’s 25th largest producer of crude steel in 2016 with 14.02 million tons. According to World Steel…

Iran’s steel consumption has experienced a downtrend for the past six years, highlighting the country’s ailing market and subdued demand.

The country’s apparent steel use per capita stood…

Iranian steel mills produced 6.369 million tons of crude steel in the first four months of 2017, registering a 14.3% growth year-on-year, the latest report released by World Steel Association said…

Steelmakers exported 359,572 tons of semi-finished and finished steel products, including billet, bloom, slab, rebar, beam and coil, in the first month of the current fiscal year ending April 20,…

Major Iranian steelmakers exported over 5.38 million tons of crude steel and steel products in the last fiscal year (March 2016-17), registering a 29% growth compared to the year before, Iranian…

Some 284 million tons of mineral products were produced in Iran during the 11 months to February 18, the Iranian Mines and Mining Industries Development and Renovation Organization’s latest…

World’s largest steel producing group of companies–ArcelorMittal–expanded its cooperation with Iran in 2016 by increasing steel product shipments to the country.

Iranian steel mills produced 1.52 million tons of crude steel in January, registering an 11.3% growth compared with last year’s similar month. 

The Iranian government has finally caved in to pressure by the private sector calling for reduction of import duties on flat steel products due to local producers’ inability to meet downstream…

Iranian steelmakers exported more than 4.4 million tons of crude steel and steel products during the 10 months to January 19, registering a 45% growth compared with last year’s corresponding…

Iran’s major steelmakers exported over 4.12 million tons of crude steel and steel products in the nine months ending December 20, registering a 55% growth compared with last year’s corresponding…

Iran’s export of crude steel and steel products will reach 6 million tons by the end of the current Iranian year (March 20, 2017) to  resister a 50% rise compared to last year, the managing…

Top Iranian government officials and steel industry players met at Financial Tribune’s headquarters in Tehran on Monday to devise the agenda and set the general outlook for the 7th Iranian Steel…

The Iranian mining sector requires close to $50 billion in foreign investment, said the deputy minister of industries, mining and trade. Mehdi Karbasian made the statement on the sidelines of the…

Increasing global quotes for steel raw materials and products have let Iranian billet exporters achieve an increase in deal prices for large batches, with suppliers being focused on the Middle…

The current situation in the domestic steel market has compelled most Iranian producers to shift their attention to exports. However, they need to tackle an array of problems including lack of…

The rise in steel prices in Iran could speed up significantly this week, although local demand is not strong.

The appreciation of the dollar against the Iranian rial, as well as concerns…

Mobarakeh Steel Company has asked the Iranian government to reduce the import duty on steel strip products by 25%, the company’s managing director said.

“To support downstream industries,…

Mobarakeh Steel Company’s new continuous casting machine was inaugurated by First Vice President Es’haq Jahangiri and the company’s managing director, Bahram Sobhani, last week in Isfahan Province…

Iranian private steelmakers produced more than 1.9 million tons of crude steel during the first half of the current Iranian year (started March 20), registering a 37% jump compared with last…

Luxembourg-based multinational steel manufacturing corporation ArcelorMittal plans to increase steel products shipments from its Kazakhstan mill to Iran by around 56% by 2020, Metal Bulletin—a…

Iran’s steel industry is moving towards becoming a major global player. Unshackled from years of economic sanctions, Iran is looking to expand its steelmaking capacity over the next decade. The…