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 […]

Iranian steel mills produced 9.947 million tons of steel during the first half of 2017, registering a 13.7% growth compared with last year’s corresponding period, the latest report released by World Steel Association announced. The report shows Iran’s crude steel output in June stood at 1.78 million tons, indicating a 5.7% rise compared with last […]

An analysis of the Ministry of Industries, Mining and Trade’s data shows growth in the production of crude steel, finished steel products, iron ore, coal concentrate and sheet glass in the last Iranian year (March 2016-17) compared to the year before. Coal concentrate has the highest growth among the above-mentioned products with 10.6%, rising from […]

Some 60 million tons of steel products were transported in Iran during the last Iranian year (March 2016-17). “The share of railroads from this amount was 20 million, that is one-third,” Saeed Mohammadzadeh, CEO of Islamic Republic of Iran Railways, was quoted as saying by Mehr News Agency. IRIR recently signed a deal with Esfahan […]

Billet price was upward in a fast pace during last week in Iran. Market participants were confused. Upward price of DRI and increasing demand of Fareast customers as main export destination of Iran’s billet were main reasons behind this trend. nalysts explain this upward trend due to: 1- Limited DRI supply level which led to […]

The European Union will impose anti-dumping duties on imports of Russian aluminum foil after an initial investigation showed the product was sold in the 28-nation EU at below normal market prices, the EU’s Official Journal said on Saturday. It said a provisional anti-dumping duty of 12.2 percent will be levied from Sunday on imports of […]