How FATF Decision Will Impact Iran Steel Prices?

Mining News Pro - Iran failed to comply with international anti-terrorism funding norms following which the the country got black listed by the Financial Action Task Force (FATF) last week on 21 Feb’20.

Hormozgan Steel Company: The Future Major Player of Iran Steel Industry

Mining News Pro - CEO of HOSCO: Hormozgan Steel Company is going to build a localized plant of hot rolling with the help of knowledge-based companies.

Iran Steel Trade Dynamics Changing

Mining News Agency - Iranian steelmakers and customers in major outlet regions such as the Middle East, North Africa and Asia have started to voice concerns that the US decision to quit the nuclear agreement would have a negative effect on the country’s steel exports and consequently on output.

Iran Steel Output reaches 6.8m Tons, Up 47%

Mining News Agency -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 Association, aka Worldsteel.

Iran Steel Market Rocked by Forex Turmoil

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

S. Korea suspends Iran steel deal under Saudi Arabia influence

Mining News Agency -South Korea has stopped an investment deal in Iran`s steel industry due to Saudi Arabia`s influence, Financial Tribune daily reported on Tuesday.

Iran steel production of semi finished had fourth largest share among mineral produced

Mining News Agency -Semi finished steel had the fourth largest share among the mineral products produced during the nine month period. Iranian steel mills produced 12.77 million tonnes of slab, bloom, billet and ingot, up 19% YOY.

Iran Steel Exports Surge 84%; Output Rise 15%

Mining News Agency - Iran’s steel production and exports saw a jump of 15 % and 84% respectively during first eight months of the current Iranian year.

Iran steel billet production up 17%

Mining News Agency- Iran’s steel billet output reached 11.22 million tonnes from March 21 to November 21, indicating a 17% growth compared to the corresponding figure for the same period of last year. During October 23 to November 21, Iran’s steel billet production stood at 1.51 million tonnes, 29% higher than the figure for the same duration of last year.

Finished Steel Share in Iran Steel Exports is only 10%

Mining News Agency - The Vice president of Iran Steel Producers Association Mr. Hamidreza Taherizadeh, pointing to the target of 8 million tonnes for steel exports this year said “Unfortunately, in these target, more focus is on record keeping and statistics, while it should be noted.

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