Iran Planning 33mln Ton Steel Production in Current Year
Iran has decided to produce 33 million tons of steel in the current Iranian calendar year (started March 20, 2020), a statistical study said.
A study on the performance of mining section affiliated to Iranian Mines and Mining Industries Development and Renovation Organization [IMIDRO] in the field of steel ingot produced in the first month of the current year [from March 20 to April 20] shows that approximately 5.4% of total 33 million tons of steel, predicted to be produced by the end of the year, has materialized.
Some 1,797,927 tons of steel was produced by relevant companies in the country in the first month of the current year, a 1% growth as compared to the last year’s corresponding period.
Last week, Persian-language news outlets reported, that Iran has become the leading country in the field of producing and exporting steel in the Middle East region, media reports said.
With more than half a century experience, Iran’s steel industry is leader in the Middle East among its rivals in terms of steel production and exportsIt is expected that Iran’s steel industry will promote its level from 10th to 7th in global arena by 2025.
According to the latest data of country’s Comprehensive Steel Plan, the Islamic Republic of Iran, Saudi Arabia, the United Arab Emirates (UAE) and Qatar are major steel producers in the Middle East region.
Statistics showed that the Islamic Republic of Iran produced about 25 million tons of steel in 2018, accounting for over 69 percent share of steel production in the region.
Iran, Saudi Arabia and the UAE, in addition to being the largest producers of steel in the Middle East region, have also the highest steel consumption volume.
The aforementioned three countries have accounted for over 70 percent share of steel consumption in the region.
source: Fars News
Top News
Six last month
MinRes halts Bald Hill mine amid lithium price rout
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
Iran Alloy Steel Company intends to purchase 12 tons of ferrotungsten through public tender
Swapping aluminum for copper will maintain China’s resources, group says
Gold loses some luster after Trump’s decisive win
Hedge funds slash bullish wagers on gold over Trump election win
Iron ore price flirts with key $100/t level on firm demand, China stimulus hopes
Families gather at South African mine shaft where hundreds are feared stuck underground
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
