Iran Steel Production Rises 8% to 15m Tons
Iranian steelmakers produced a total of 15.61 million tons of steel products during the first four months of the current Iranian year (March 21-July 22) to register an 8% year-on-year increase, the Iranian Steel Producers Association's latest report shows.
Semi-finished steel made up 8.68 million tons of the total output, up 5% year-on-year.
Billet and bloom made up 5.12 million tons of all semi-finished production while slab output hit 3.55 million tons to register a 14% rise and a 6% decline respectively YOY.
As for finished steel, output increased 12% YOY to reach 6.93 million tons.
Flat steel products had the lion's share of finished steel production with 3.58 million tons, up 12% YOY. HRC comprised 3.01 million tons of the production in this category, registering a 9% growth YOY, followed by CRC with 871,000 tons (up 11% YOY) and coated coil with 536,000 tons (up 12% YOY).
This is while long steel products had a 3.34 million-ton share in the output of finished steel products during the four months, posting a 13% rise YOY.
Rebar had the largest share with 2.7 million tons (up 14% YOY), followed by beams with 369,000 tons (up 19% YOY) and L-beam, T-beam and other types with 268,000 tons (down 3% YOY).
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
