IMIDRO’s Output Rises
Mineral companies affiliated with Iranian state mines and metals holding company, IMIDRO, produced 9.49 million tons of iron ore concentrate in the first three months of the current Iranian year (started March 21), up 37.6% year-on-year.
Some 7.79 million tons of iron ore pellet–a 22.3% increase year-on-year–was produced in the same period, as well as 4.78 million tons of direct reduced iron, marking a 12.6% rise.
Crude steel output also increased sharply. Some 4.14 million tons of crude steel was produced by Iran’s major mills, up 11.9%.
Of the national total, Mobarakeh Steel Company produced 2.19 million tons (a 14.5% increase), Khuzestan Steel Company 944,151 tons (a 1.84% increase) and Esfahan Steel Company 529,953 tons, 14.82% less YOY, S&P Global Platts reported.
Some 1.359 million tons of crude steel were produced in the latest Iranian month, 13.41% more than a year earlier.
Iran hopes to boost steel production capacity to 55 million tons/year by 2025 and aims to attract some $30 billion of foreign investment, according to IMIDRO Chairman Mehdi Karbasian.
source: Financial Tribune
Top News
Six last month
Iran Alloy Steel Company intends to purchase 12 tons of ferrotungsten through public tender
Iran Alloy Steel Company intends to purchase 150 tons of Low-Carbon Ferro Manganese through public tender
Gold price faces worst week since 2021 as Fed signals no rate-cut rush
Gold loses some luster after Trump’s decisive win
Iron ore price flirts with key $100/t level on firm demand, China stimulus hopes
Hedge funds slash bullish wagers on gold over Trump election win
Resolute Mining says it will pay Mali $160 million in tax dispute
Families gather at South African mine shaft where hundreds are feared stuck underground
Higher silver supply to reduce global deficit by 4% in 2024
BHP to spend up to $14 billion on Chilean copper expansion
Chile’s rare salt flat fish faces threat from lithium mining project
British Columbia creates new mining ministry to tackle critical minerals amid doubts over capacity
China’s germanium, gallium ban could cost the US $3.4 billion
South Africa police standoff with illegal gold miners escalates
Iran Alloy Steel Company intends to purchase 150 tons of Low-Carbon Ferro Manganese through public tender
Iran Alloy Steel Company intends to purchase 12 tons of ferrotungsten through public tender
Iron ore price flirts with key $100/t level on firm demand, China stimulus hopes
Newmont sells Ontario gold mine to Orla for $850 million
BHP warns Australian mining not ready for low-cost competitors
Iran Alloy Steel Company intends to purchase 12 tons of ferrotungsten through public tender
Iran Alloy Steel Company intends to purchase 150 tons of Low-Carbon Ferro Manganese through public tender
Chile’s rare salt flat fish faces threat from lithium mining project
British Columbia creates new mining ministry to tackle critical minerals amid doubts over capacity
Newmont sells Ontario gold mine to Orla for $850 million
BHP warns Australian mining not ready for low-cost competitors
Resolute Mining says it will pay Mali $160 million in tax dispute
Trump chooses oil fracking boss as energy secretary
Gold loses some luster after Trump’s decisive win
