IMIDRO said that more than 28.649 million tons of iron ore pellets were produced in the first nine months of the current Iranian calendar year, while the figure was 23.285 million in the same time span of the previous year.

Also, the iron ore pellet production rose 17 percent to 3.026 million tons in the ninth month of this year, from that of the previous year, which was 2.597 million tons.

As reported, Golgohar was the largest producer of pellets during the nine-month period with 9.346 million tons of production, followed by MIDHCO with 4.434 million tons, and Sangan with 3.268 million tons.

The data released by IMIDRO indicate that iron ore pellet production by major Iranian mining companies exceeded 46 million tons in the previous Iranian calendar year (ended on March 20, 2021), registering a 10 percent growth year on year.

The mentioned companies had managed to produce 41.7 million tons of pellets in the preceding year.

According to the data, Golgohar was the largest producer of pellets in the said year with 12.2 million tons of production, followed by Mobarakeh Steel Company with 7.3 million tons, MIDHCO with 6.2 million tons, and Khouzestan Steel Company with 5.5 million tons.

Iran’s iron ore pellet production capacity exceeded 66 million tons in the previous Iranian calendar year.

IMIDRO’s report on under-construction iron ore pellet production units in Iran indicates that a total of 25.92 million tons are expected to be added to Iran’s iron ore pellet production capacity by the time these units are completed in the fiscal year 1402 (2023-24).

Production of iron ore concentrate also reached 49.714 million tons during the previous calendar year to register a five-percent rise year on year.

According to the Industry, Mining and Trade Ministry data, of the mentioned figure 3.533 million tons were produced in the last month of the previous year (February 19-March 20).

As reported, the country’s major iron ore concentrate producers had managed to produce about 47.306 million tons of the mentioned product in the Iranian calendar year 1398.

Last year, major mining companies also produced 902,454 tons of granulated iron ore, to register a decrease of 54 percent compared to the preceding year (1,965,733 tons).

In its outlook plan for the Iranian calendar year 1404 (2025-2026) Iran has envisaged production of 55 million tons of steel per annum, and to achieve this target the country requires to extract 160 million tons of iron ore.

In a bid to prevent the exports of unprocessed minerals, creating more value-added and meeting the requirements of domestic producers for the raw materials, Iran has levied a 25-percent duty on the exports of raw minerals (especially iron ore) since September 2019.

The duty is aimed at encouraging the production of more processed minerals such as pellets and concentrate instead of selling the raw minerals.

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According to the data provided by Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO), ten large iron ore concentrate producers of the country have produced 21.195 million tons of the product in the five-month period of this year, while the figure was 20.373 million tons in the same time span of the past year.

Production of iron ore concentrate in Iran during the previous Iranian calendar year 1399 (ended on March 20) reached 49.714 million tons, registering a five-percent rise compared to the preceding year.

According to the Industry, Mining and Trade Ministry data, of the mentioned figure 3.533 million tons were produced in the last month of the previous year (February 19-March 20).

As reported, the country’s major iron ore concentrate producers had managed to produce about 47.306 million tons of the mentioned product in the Iranian calendar year 1398.

Last year, major mining companies also produced 902,454 tons of granulated iron ore, to register a decrease of 54 percent compared to the preceding year (1,965,733 tons).

In its outlook plan for the Iranian calendar year 1404 (2025-2026) Iran has envisaged production of 55 million tons of steel per annum, and to achieve this target the country requires to extract 160 million tons of iron ore.

In a bid to prevent the exports of unprocessed minerals, creating more value-added and meeting the requirements of domestic producers for the raw materials, Iran has levied a 25-percent duty on the exports of raw minerals (especially iron ore) since September 2019.

The duty is aimed at encouraging the production of more processed minerals such as pellets and concentrate instead of selling the raw minerals.

The post Iron ore concentrate output up 4% in 5 months on year appeared first on Iran News Daily.

As the world’s first manufacturer of gas-based sponge iron, Iran is now transferring the technology to the world’s biggest steel producer.

The deal for the construction of the first gas-based sponge iron plant was concluded between China’s CSTM Company and MME Company from Iran as the license owner of PERED technology.

With a capacity of 300,000 tons, the plant has been launched in China’s Taiyuan city.

PERED is a new technology for producing sponge iron using natural gas as fuel, which according to MME is a masterwork of the Iranian steel industry and is more efficient and effective in all respects such as the degree of metallization of the product, fuel consumption, operating costs and ease of operation compared to similar technologies.

This technology is already being used in several production units across Iran including Shadegan Steel, Miyaneh Steel, Neyriz Steel, and Baft Steel companies.

The main difference of the PERED technology with other technologies is the high and tangible quality of the sponge iron metallization, which has been reached above 95 percent on the initial day. In other technologies, however, it is very difficult to achieve a degree of metallization above 95 percent during the first months of a unit’s operation.

As a subsidiary of IMIDRO, MME was registered in Germany in 1996.

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IRAN NEWS ECONOMIC DESK

He further said that by reforming LF (ladle furnace) and convertors, steel production of the company will reach 3.6m.

He noted that merge of sale and purchase departments and launching commercial department for easing relation with providers and other the process had good results.

Yazdizadeh added that ESCO, once played key role in exploration and launching mines, has problem in providing its iron ore.

He added that good interactions with the psuppliers have eased concerns for fixing the price of coal.

Meanwhile head of commercial department of the company Dr. Nematollah Mohseni hailed the trade partners of the company who were present in the meeting and expressed hope results of such meetings would reveal soon.

He added that ESCO is now in touch with more than 15000suppliers of raw materials, spare part and equipment.

He added that suppliers have had good cooperation with the company despite cruel sanctions and its result was good records which were set by the company. He added that one of its result was production of 244,000 tons of cast iron last month.

He then pointed to the achievements of the company last year like winning the exemplary exporter of the year award, exporting more than 50 percent of its products to more than 20 countries as well as implementing project for cutting water consumption and pollution.

Mohseni reiterated that trade partners of the company play key role in the achievements of the organization and called them as arms of the company.

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China was the main buyer of Iran’s iron ore in the past year, importing $1.043 billion of the product from Iran, which is 97 percent of the total exports.

Iraq, India, Russia and Afghanistan stood at the next places after China in the past year.

As reported, Iran’s exports of iron ore in 2017 stood at $1.4 billion, accounting for 1.5 percent of the global market.

The country’s exports from the mining sector stood at $9 billion in the past Iranian calendar year, according to Deputy Industry Minister Mehdi Karbasian.

Karbasian, who is also the head of Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO), has announced that Iran exported 740,000 tons of sponge iron and 18 million tons of iron ore concentrate in the past year.

IMIDRO and its affiliated companies inaugurated $2 billion of projects in the said time, the official added.

As Karbasian announced, by the end of the present Iranian year (March 20, 2019), about $6 billion of new projects will be inaugurated in Iranian mining sector.

Iran is one of the top 10 mineral-rich countries where 68 types of minerals have been identified so far, including the world’s largest deposits of copper, zinc and iron, which have been tempting international investors after the lifting of economic sanctions against the country in January 2016.

The post Annual iron ore exports rise 31% appeared first on Iran News Daily.

According to Mehdi Karbasian, the country plans to increase its current 21 million tons of steel production to 55 million tons by the end of Iranian calendar year of 1404 (March 2026), so it needs to boost the amount of its iron ore extraction.

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