Two new iron ore processing plants are scheduled to come on stream in Sangan mineral zone in the next two months, says manager of Sangan Iron Ore Complex, Morteza Hashempour. The first is a 5-million-ton pellet-making plant under construction by Opal Parsian Sangan Mineral and Industrial Company, which will be completed by October. National Industries […]

You are considering investing in a large country with 80 million people and a relatively prosperous GDP per capita of almost $20,000. It had democratic elections this year where the reformists won again on a mandate to increase trade with the rest of the world in contrast to the populism seen in many developed countries. […]

Steel trade wars are looming across the world, as over 150 lawsuits were filed just last year. Iran’s largest flat producer Mobarakeh Steel Company was recently caught up in an escalating conflict with the European Union over exports of hot-rolled coil to the green continent. The case has been going on for more than a […]

A new steel plant with a production capacity of 1.20 million tpy of steel billet has started operations in Yazd Province of central Iran. Global billet prices, which are already under pressure from Iran-origin shipments to countries such as Indonesia, could be pushed down further by any additional capacity in Iran, Metal Bulletin reported. The […]

The current situation in the domestic steel market has compelled most Iranian producers to shift their attention to exports. However, they need to tackle an array of problems including lack of funding, high transportation costs, strong international competition and unstable market environment. During the 3rd Iran Steel Perspectives Conference held in Dubai, Metal Expert met […]

Iran is gearing to switch its national currency back to the toman – a move that would end the rein of the rial after around 90 years and also could boost the value of the country’s national currency against the US dollar.  The administration of President Hassan Rouhani in a cabinet meeting on Wednesday approved […]