steel products Archives - Iran News Daily

Iran’s Export of Steel Products Hits $2.9 Billion in Six Months

mahla — Tue, 24 Sep 2024 20:57:16 +0000

TEHRAN (Iran News) Iran exported 5.7 million tons of steel products, valued at $2.9 billion, between March 21 and September 22, 2024, registering a 13 and a 14 percent growth in weight and value respectively.

In this period, Iran exported $730 million, $571 million and $210 million of steel, iron ingots, rebar and steel sheets respectively.

Steel exports from Iran have increased in general in the past two years amid an ongoing war between Russia and Ukraine which has affected supplies from the two major steel producers.

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Steel products export rises 88% in 5 months on year

mahla — Thu, 16 Sep 2021 10:16:50 +0000

TEHRAN (Iran News) – Iran’s export of steel products increased 88 percent during the first five months of the current Iranian calendar year (March 21-August 22), as compared to the same period of time in the past year.

Based on the data released by the Iranian Steel Producers Association (ISPA), 1.399 million tons of steel products was exported in the five-month period of this year, while the figure was 774,000 tons in the same time span of the previous year, Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) reported.

Iran’s import of the steel products has risen one percent to 338,000 tons in the first five months of the present year from 336,000 tons of the past year’s same period.

In early May, Industry, Mining and Trade Ministry issued a three-month waiver for some approved steel production units to be able to export steel products especially long sections.

The ministry had restricted the exports of steel products and obliged all steel producers to offer their products at Iran Mercantile Exchange (IME).

Iran’s export of steel during the previous Iranian calendar year 1399 (ended on March 20) declined 13.1 percent compared to the figure for the preceding year, data released by the Iranian Steel Producers Association showed.

Based on the mentioned data, over 2.839 million tons of steel products were exported in the mentioned year, registering an 18-percent decline year on year.

As ISPA data indicated, the exports of steel products, intermediate steel, and sponge iron all declined last year, and despite significant output growth and the demand decline in the domestic construction sector, the exports of the mentioned products did not increase due to the pandemic.

Iran is currently the tenth largest steelmaker in the world and is estimated to climb to seventh place by the Iranian calendar year 1404 (March 2025).

According to the latest data released by the World Steel Association (WSA), production of crude steel in Iran reached 17.8 million tons during January-July, 2021 to register a 9.9 percent growth year on year.

Iran’s monthly crude steel output stood at 2.6 million tons in July 2021, rising nine percent compared to the figure for July 2020.

The WSA’s previous report had put Iran at the world’s tenth place in terms of steel production in the first three-month of 2021.

According to the association’s data, Iran produced 7.5 million tons of crude steel in Q1 2021, registering a 10.7 percent growth compared to the same period in 2020.

The Islamic Republic’s steel output stood at 2.6 million tons in March, indicating a 10.7 percent rise year on year.

The Iranian Steel industry has been constantly developing over the past years against all the pressures and obstacles created by outside forces like the U.S. sanctions and the coronavirus outbreak that has severely affected the performance of the world’s top producers.

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Monthly steel products export up 215% year on year

mahla — Mon, 31 May 2021 13:09:37 +0000

TEHRAN (Iran News) – Iran’s export of steel products increased 215 percent during the first month of the current Iranian calendar year (March 21-April 21), as compared to the same period of time in the past year.

As reported by the Industry, Mining, and Trade Ministry, 265,000 tons of steel products were exported during the mentioned month of this year, while the figure was 84,000 tons in the first month of the previous year.

In early May, the ministry issued a three-month waiver for some approved steel production units to be able to export steel products especially long sections.

The Industry Ministry had restricted the exports of steel products and obliged all steel producers to offer their products at Iran Mercantile Exchange (IME).

Based on the mentioned data, over 2.839 million tons of steel products were exported in the mentioned year, registering an 18-percent decline year on year.

Iran is currently the tenth largest steelmaker in the world and is estimated to climb to seventh place by the Iranian calendar year 1404 (March 2025).

According to the latest data released by the World Steel Association (WSA), Iran was ranked the world’s tenth-largest steel producer in the first three-month of 2021.

According to the WSA’s data, Iran produced 7.5 million tons of crude steel in Q1 2021, registering a 10.7 percent growth compared to the same period in 2020.

The Islamic Republic’s steel output stood at 2.6 million tons in March, indicating a 10.7 percent rise year on year.

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Industry Ministry allows approved producers to export steel products

mahla — Tue, 11 May 2021 10:01:35 +0000

TEHRAN (Iran News) – Industry Ministry allows approved producers to export steel products. Iranian Industry, Mining, and Trade Ministry has issued a three-month waiver for some approved steel production units to be able to export steel products especially long sections, ILAN reported.

The mentioned waiver will come into effect as of May 15, the report said.

The Industry Ministry had restricted the exports of steel products and obliged all steel producers to offer their products at Iran Mercantile Exchange (IME).

Based on the mentioned data, over 2.839 million tons of steel products were exported in the mentioned year, registering an 18-percent decline year on year.

Based on the Industry Ministry data, major Iranian steel producers managed to produce over 22.54 million tons of steel ingots in the previous calendar year, registering an eight percent rise year on year.

Mobarakeh Steel Company had the best performance with a production of 9.8 million tons of the mentioned product while the highest production growth was registered by Sirjan Steel World Company with 141 percent growth.

The country’s major steel producers also manufactured 14.588 million tons of steel products last year to register a three-percent rise year on year.

Iran is currently the tenth largest steelmaker in the world and is estimated to climb to seventh place by the Iranian calendar year 1404 (March 2025).

The country produced 7.5 million tons of crude steel in Q1 2021, to maintain its place as the 10th biggest steel producer in the first three-month of 2021, Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) announced referring to the data released by the World Steel Association (WSA).

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Steel Production Rising: ISPA

reporter 1222 — Tue, 15 Sep 2020 05:21:10 +0000

TEHRAN (Iran News) – Production of steel ingots and products during the first five months of the current Iranian year (March 20-August 21) increased by 10 and three percent respectively, according to figures released by the Iranian Steel Producers Association (ISPA).

During the period, the country’s production of sponge iron witnessed an 11 percent increase, reported imidro.gov.ir on Monday.

From the beginning of April to the end of August, the country’s steelmakers produced 11.8 million tons of steel ingots (billets, blooms and slabs), said the ISPA report, adding the figure was 10.7 million tons in the same period of its preceding year.

Also, the production of steel products (beams, rebars, angles, channel beams and sheets) during the said period stood at 8.8 million tons, while the corresponding figure last year was 8.5 million tons.

The ISPA report showed that the production of sponge iron for March 20-August 21 amounted to almost 12.9 million tons, which shows an 11 percent increase compared to the related output last year – 11.6 million tons.

According to figures released by the World Steel Association (WSA) on August 24, Iranian steelmakers produced over 16.2 million tons of crude steel during the first seven months of 2020, marking a 10.7 percent rise compared to the figure for the same period in 2019, which was 14.6 million tons.

Iran produced 2.3 million tons of crude steel in July, showing a 14.3 percent rise compared to the figure for the same month in 2019, which was 2.04 million tons.

Iran produced 31.9 million tons of crude steel in 2019, according to the WSA figures released in January.

The country plans to increase its annual steel production capacity to 55 million tons by 2025, with exports expected to reach between 10 million tons and 15 million tons per year.

The WSA is one of the largest and most dynamic industry associations in the world. Its members represent approximately 85 percent of the world’s steel producers, including over 150 steel producers, with nine of the 10 largest steel companies, national and regional steel industry associations and steel research institutes.

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