http://www.minews.ir/Steel Fri, 13 Nov 2015 23:15:17 GMT News Studio(News Distribution System http://www.minews.ir/skins/default/en/{CURRENT_THEME}/ch01_newsfeed_logo.gif http://www.minews.ir/ 100 70 en Produced by Minews Fri, 13 Nov 2015 23:15:17 GMT Steel 60 http://www.minews.ir/en/doc/news/28641/turkish-steel-exporters-are-in-tehran (Minews) - On November 15-16-17, 2015, Turkish Steel Exporters’ Association will organize a ‘‘Trade Mission for Iranian Steel Industry” at Tehran with a view to increase Turkish steelmakers' recognition, establish new business contacts between Iranian and Turkish companies and enable new investments in both countries.Turkish Steel Cluster (TSC) is composed of Turkey’s biggest steel exporter companies and founded by Turkish Steel Exporters’ Association in 2014. Turkish Steel Cluster companies started their trade mission series with İran. TCS companies will be visiting Tehran have B2B meetings with their Iranian counterparts. Buyers will have chance of contacting with reliable manufacturers.The Trade Mission for Iranian Steel Industry will be presided by Chairman of Turkish Steel Exporters’ Association, Mr. Namık Ekinci. Turkish Ministry of Economy representatives and prominent Turkish steel producers and international trade companies will also participate in the event.As Turkish Steel Exporters’ Association, we believe this Mission will reinforce the deep-rooted mutual friendship of and contribute to cooperation between the two countries with new business opportunities. We further expect increased recognition of Turkish steel products on the part of Iranian public.We welcome all Iranian importers and steel consumers to this well-organized business meeting. Please click the link for registration http://www.turkishsteelcluster.com/Event.aspx or to register please email to samet.damar@immib.org.trAGENDANovember 15 Arrival of Turkish Steel Cluster's companies to Tehran (Espinas Hotel)November 16 Visit to Official Organizations in TehranNovember 16 Visit to 12th International "IRAN METAFO" ExhibitionNovember 17 B2B Meetings with Iranian counterparts (10:00 am, Parsian Azadi Hotel) ]]> Steel Mon, 02 Nov 2015 11:26:30 GMT http://www.minews.ir/en/doc/news/28641/turkish-steel-exporters-are-in-tehran http://www.minews.ir/en/doc/news/27498/iran-s-steel-industry-hosts-the-world-leading-steel-companies (Minews) - It’s been the first time in history of events and conferences in Iran that one of the world's leading and pioneer event organizer institute, Metal Bulletin is holding a global scale conference called" Iranian Iron & Steel Conference" from 14 to 16 September 2015 at Kish International Convention Center in Iran under the patronage of Iranian Mines and Mining Industries development and Renovation Organization ( IMIDRO). Founded in 1913, Metal Bulletin covers all global metals and steel markets and provides a comprehensive package of the latest news, pricing information, expert market commentary and statistics. Metals covered in detail include base metals, minor and precious metals, ores and alloys, raw materials, carbon steel, stainless and special steel, scrap and secondary, with additional coverage of freight news, capital markets and exchange news and prices.For the last 30 years, Metal Bulletin Events has delivered a global portfolio of 50 annual market-leading conferences for the metals, mining and minerals industries. In 2015 nearly 10,000 people will attend these conferences, representing more than 2,300 organizations from 140 countries.Metal Bulletin Events brings the global iron & steel industry to Iran for inaugural Iranian Iron & Steel Conference. Metal Bulletin Events’ Iranian Iron & Steel Conference will welcome 300+ attendees from, 145+ companies. The audience will come from 29 countries including 50% attendance from Iranian organizations plus 18% Europe, 17% Asia and 14% from the Middle East. It will be a good chance for both Iranian and Foreign Steel and Iron ore companies CEO , Experts and Mangers to interact and exchange their views, attitudes for a better cooperation in a near future . After a decade of sanction and global restriction on Iran as well as its Steel Industry, now the time has come to concentrate and reconsider this attractive market by the global steel companies . Iran is nearly producing 16 mtpa steel and has a plan to produce more than 55 mtpa in2020 .Vienna Nuclear agreement has paved the way for Iranian Steel Industry to have a big jump on one hand and have opened the door for steel making companies to try their chances to regain their shares Iran's steel market on the other hand. During last one year so many steel companies put their baskets in a queue , mostly are looking for EPC and a few are looking for Joint ventures or investment , however Iran's Steel Industry has learned many lessons in Sanction period, the lessons that helped it to mature and get more self depended even get localized in some sectors. Steel companies that are looking for entering into Iran's Market have to keep in mind that Iranian Steel Market is not like 10 years ago that they could easily have plenty of projects in EPC form but they have to think about the local competitors that have changed the game and also need to consider technology transfer and investment as part of their package to be welcomed again. Metal Bulletin Events will welcome 20+ conference speakers including Iran's Minister of economic affairs and Finance, IMIDRO chairman of the Board and some Iranian as well as foreign Steel companies CEO. of Mines and Mining .Metal Bulletin Events’ Iranian Iron & Steel Conference is supported by 17 sponsors & exhibitors .Holding events and conferences in global scale through leading organizers that have got worldwide networks and reputation that can easily gather the world top companies will help Iran's Mines and Mining Industries to present its capabilities , potentials and investment opportunities as fast as possible in order to compensate the decade of its deprivation in the global Market. Iran has got so many advantages for investors and Steel companies such as cheap energy, skilled educated manpower , plenty of Iron ore mines as raw material supply and a huge domestic market demand that makes it an attractive and unique market for next decade in MENA .Author: Salman Nasr , IMIDRO international Relations Senior Expert & Metal Bulletin's kish Conference Executive Manager. ]]> Steel Mon, 14 Sep 2015 07:48:45 GMT http://www.minews.ir/en/doc/news/27498/iran-s-steel-industry-hosts-the-world-leading-steel-companies http://www.minews.ir/en/doc/news/27042/iran-s-steel-output-ups-3-7 (Minews) – IMIDRO announced that Iran has produced 9.6 million tons of crude steel in the last seven months of 2015.Up to August, Iran has produced 9.645 million tons crude steel in 2015 showing increase by 3.7 percent compared with the same period in 2014 when the figure was 9.305 million tons, as Iranian Mines and Mining Industries Development & Renovation Organization (IMIDRO) quoted the World Steel Association (WSA) saying as such on Saturday.According to WSA, 65 world steel producing countries have produced 945.843 million tons of crude steel in the last seven months down by 2.1 percent compared with the same period of preceding year, as the figure was 966.482 million tons in 2014.World 65 steel producing countries output decreased 3.8 percent to 132.900 million tons in July 2015. Iran's production in July 2015 was 1.273 million tons, down by 1.3 percent compared with the same month of 2014.According to the WSA statistics, steel production trend in 29 world steel producing countries during the first seven months of the year decreased by 1.8 percent in China, 8.4 percent in US, 4.8 percent in Japan, 3.9 percent in South Korea, 9.7 in Argentina, 0.3 in Australia, 1.7 in France, 0.7 in Germany, 10.7 in Italy, 8 percent in Norway and 6.3 percent in Turkey.Iran ranked first in the region and 14th in the world level of steel producers. Iran is geared up to produce 55 million tons of steel in its vision plan for year 2025. ]]> Steel Sun, 23 Aug 2015 05:13:01 GMT http://www.minews.ir/en/doc/news/27042/iran-s-steel-output-ups-3-7 http://www.minews.ir/en/doc/news/26994/global-dri-output-rises-2-6-in-july-as-iran-uae-counter-india-fall (Minews) - Global direct reduction iron (DRI) output in July rose by 2.6% year on year to 5.23 million mt, as Iran, the UAE, Venezuela and Canada boosted production to counter a drop from India, according to World Steel Association data released Thursday.DRI output in Iran rose to 1.26 million mt last month, from 1.13 million mt in July 2014, Worldsteel data showed.DRI production in the United Arab Emirates in July more than trebled to 307,000 mt on a year earlier.Egypt accounted for 235,000 mt, down 5% year on year.Libya produced only 25,000 mt, compared with 83,000 mt in the year-ago period.Saudi Arabia's Hadeed produced 475,000 mt of DRI in July, slightly off the 481,000 mt in July 2014.Qatari output of 237,000 mt last month was up from 223,000 mt a year earlier.India accounted for 1.64 million mt of DRI output, down 9% year on year.Venezuelan DRI output surged to 115,000 mt, up 54%.Canada saw 13.7% growth to 156,000 mt.Mexico accounted for 500,000 mt of the overall total last month, up from 469,000 mt in July 2014.Trinidad & Tobago produced 85,000 mt, down 26.5% year on year. ]]> Steel Fri, 21 Aug 2015 04:35:35 GMT http://www.minews.ir/en/doc/news/26994/global-dri-output-rises-2-6-in-july-as-iran-uae-counter-india-fall http://www.minews.ir/en/doc/news/26721/nippon-steel-sees-no-recovery-in-asia-steel-prices-before-april (Minews) - Nippon Steel & Sumitomo Metal, the world's No.2 steelmaker by output, sees no recovery in Asia's sagging steel prices at least until April as exports by top producer China will continue to weigh on the market, a senior executive said.The global steel industry has been battered by massive exports of cheap steel from China, where an economic slowdown has curtailed domestic use of the metal."I don't expect to see a recovery in Asia's steel product prices at least during the October-March second half (of the fiscal year)," Executive Vice President Katsuhiko Ota told Reuters in an interview this week.Still, Japanese steelmakers have held up better than some rivals abroad as a weaker yen spurs the country's automakers to shift some production back home.Nippon Steel said last week its recurring profit - pre-tax before one-off items - rose 14 percent in the April-June quarter from a year ago as lower raw material costs boosted margins, still forecasting an 18 percent drop in annual profit.In contrast, many mills in the region are losing money."About half of Chinese mills apparently are making losses, but they are not stopping production," Ota said.China's steel association said last month 43 percent of its members lost money in the first half of this year, with the sector as a whole struggling with plummeting demand and local prices at 20-year lows."We don't expect an improvement any time soon as the Chinese government is trying to promote exports, rather than stopping or slashing overcapacity," Ota said.As a result, Nippon Steel, which exports nearly half of its production, expects no major recovery in its export margin by March, he said.Ota was more bullish on his company's home market."Domestic demand will pick up in the October to March half on higher vehicle output, increased orders of public works and a recovery of capital expenditure by the private sector," he said.Ota was also optimistic about Nippon Steel's own businesses in China, where it has about 30 joint ventures, including Baosteel-NSSMC Automotive Steel Sheets (BNA), which makes automotive flat steel and galvanized steel sheet."Unless China's car production and sales fall sharply, our business will not be affected that much," he said, citing little competition to its high-end galvanized steel sheet.Ota was concerned, however, that moves by U.S. counterparts seeking antidumping actions against China and other countries over cheap exports of corrosion-resistant steel as well as cold-rolled steel could end in import duties.And any import duties imposed in the United States could force Chinese steelmakers to ship more products to an already-swamped Asia, he said.Chinese steel prices hit their lowest in more than 20 years last month as demand in the world's top producer wanes, industry data shows.Rebar on the Shanghai Futures Exchange hit 1,951 yuan ($314) a tonne last month, lowest since the contract's launch in 2009. It has lost nearly 25 percent so far this year. ]]> Steel Sat, 08 Aug 2015 13:58:53 GMT http://www.minews.ir/en/doc/news/26721/nippon-steel-sees-no-recovery-in-asia-steel-prices-before-april http://www.minews.ir/en/doc/news/26598/iran-seeks-29-billion-for-steel-to-mining-projects (Minews) -  Iran has $29 billion of mining investments attracting interest of companies from Europe to Asia, with plans to more than double steel production by 2025 and boost exports once international sanctions are lifted.Iran, home to the world’s biggest natural gas reserves, plans projects ranging from steel to aluminum production, gold mining and copper, Mehdi Karbasian, deputy minister of Iran’s Ministry of Industries, Mines & Trade, said in an interview in Tehran. German, French and Dutch delegations visited Iran in the past few weeks, and a two-day seminar on steel opportunities is tentatively set for September on Kish Island in the Persian Gulf, he said. Companies looking to invest don’t want to be identified until sanctions are removed, he said.Iran has more than 3,000 active mines, mostly privately owned, with 9 percent of the world’s gypsum production and 2 percent of molybdenum and nitrogen output, according to a 2010 report by the U.S. Geological Survey. Oil producers such as BP Plc and Royal Dutch Shell Plc have expressed interest in developing Iran’s crude reserves, the world’s fourth-biggest.“Sanctions imposed on Iran did certainly hurt the Iranian people and also certainly slowed development in steel and other fields,” Karbasian said Sunday at the headquarters of the Iranian Mines & Mining Industries Development & Renovation Organization, where he also serves as chairman. “Investment in Iran when sanctions are lifted will be win-win situation.”Iron OreIran has 2.7 billion pounds of iron ore, used to make steel, according to Karbasian. Steel production is set to jump to 55 million metric tons by 2025 from 22 million tons this year, pending new investment and the end of international sanctions following the nation’s nuclear accord with world powers last month, he said. Sanctions against Iran’s oil industry should be lifted by late November, state-run Islamic Republic News Agency reported yesterday, citing Oil Minister Bijan Namdar Zanganeh.“The projected capacity will help us to raise our steel exports by around 12 million tons a year,” he said. Last year, Iran exported 2.5 million tons of steel products to Italy, the United Arab Emirates, Iraq, Thailand, Spain and Britain, he said.German, French and Dutch delegations visited Iran in recent weeks, he said. “We have held extensive negotiations with them in regard to investments in the steel and mining industries,” Karbasian said. “We have also had negotiations with representatives of British and Austrian companies.”Negotiations are under way with unidentified Japanese companies for them to invest in the Makran steel plant, which has capacity to produce 3 million tons of steel, in Iran’s free trade zone of Chabahar on the coast of the Gulf of Oman, he said. Chabahar has rail links to bring in iron ore from Iran, along with Turkmenistan, Kazakhstan and Afghanistan, he said. Steel companies from India and South Korea are also considering investments in Chabahar, he said. ]]> Steel Wed, 05 Aug 2015 13:18:43 GMT http://www.minews.ir/en/doc/news/26598/iran-seeks-29-billion-for-steel-to-mining-projects http://www.minews.ir/en/doc/news/26595/iranian-steel-company-s-exports-more-than-double (Minews) - Iran's Khouzestan Steel Company (KSC) has exported over 450 thousand tons of steel ingots in the first four months of the current Iranian calendar year (started on March 21), indicating a growth of 215 percent compared with the same period last year, an official said.A report by Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) quoted KSC Chief Abdol-Majid Sharifi as saying that 450,600 tons of steel ingots were exported to a number of regional countries."In the four-month period, the company's products were sent through Imam Khomeini Port to the target markets of Bangladesh, Abu Dhabi, Pakistan, Turkey, Thailand, Oman, Egypt, Sudan, and other regional clients," Sharifi added.He further noted that the company has produced 1,160,000 tons of steel during the period, which is 5 percent more compared with the output in the same period last year.Iran produced 1.4 million tons of crude steel in June 2015, up by 1.5 percent compared with June 2014, superseding France as the 13th largest steel producer in the World Steel Association's crude steel production report of 65 countries.According to the report, Iran's steel production output in the first six months of 2015 has increased by 4.5 percent from 8.015 million tons in the corresponding period last year. ]]> Steel Wed, 05 Aug 2015 13:11:30 GMT http://www.minews.ir/en/doc/news/26595/iranian-steel-company-s-exports-more-than-double http://www.minews.ir/en/doc/news/26562/iranian-company-makes-70-ton-gear (Minews) - Iranian Foulad Mobarakeh Company made its first double helical gear after two years of endeavor, without any foreign help.Built under a consortium contract in Isfahan, the gear weighs 70 tons with a diameter of 5,000 mm and 1,600 mm height and is the biggest double helical gear used in hot rolled steel plants in Iran.The equipment manager of the company Hossein Hemmatgir said that the two-year-long project consisted of provision of the material, assembling the parts of the gear, wielding, and final assembling of herringbone pinion and crownwheel.The domestic sufficiency in building the gear obviates the need for purchasing the foreign models of it, saving a great sum for the company and the country.With annual output of 5.6 million tons of steel, Foulad Mobarakeh Company is the biggest steel producer in Iran. ]]> Steel Sun, 02 Aug 2015 13:21:10 GMT http://www.minews.ir/en/doc/news/26562/iranian-company-makes-70-ton-gear http://www.minews.ir/en/doc/news/26547/iran-s-steel-alloy-exports-grow-9-in-4-months (Minews) - Export of the products of Iran's Steel Alloy Company has grown by more than 9% in the first four months of the current Iranian calendar year (starting on March 21) compared to the preceding year, according to the director of public relations department of the company.Speaking to IRNA, Zia Hashemi said that during the mentioned period, more than 6,150 tons of the company's products worth $3.1 million were exported to foreign countries.Germany, Spain, Italy, Portugal, Czech Republic, Netherlands, South Korea and Afghanistan were the main destinations for Iranian steel alloy products, Hashemi said.Iran's Steel Alloy Company is the biggest producer of steel alloy products in Iran and the Middle East and is one of the world's most modern steel alloy producers. ]]> Steel Sat, 01 Aug 2015 14:46:58 GMT http://www.minews.ir/en/doc/news/26547/iran-s-steel-alloy-exports-grow-9-in-4-months http://www.minews.ir/en/doc/news/26521/german-firm-to-fund-iran-s-steel-projects (Minews) - A reputable German company will finance steel projects in Iran, deputy minister of industries, mining and trade and head of the Iranian Mines and Mining Industries Development and Renovation Organization, Mehdi Karbasian, has announced, without naming the company.“After seven to eight months of intense negotiations, a credible German company has finally obtained the required permissions from German authorities to finance steel projects in Iran,” said the IMIDRO head.He also noted that European banks have expressed interest in financing Iranian projects during the Iran-EU Trade Conference held in Vienna on July 23-24.IMIDRO introduced mining investment projects worth $29 billion for European financing, of which $9 billion have already been allocated, said Karbasian. “These projects include aluminum, steel, rare earth elements, copper, gold and coal mines.”The European companies are changing their earlier approach that focused only on exporting finished products to Iran. They are now ready to cooperate in transfer of technology, said the official.Referring to last week’s conference in Vienna, Karbasian said several meetings were held with Swiss, German and Austrian companies to discuss investment in the mining sectors.“Iran’s mining sectors have remained largely underdeveloped over the past years, with only 7% of the country’s mineral resources explored so far. However, in 2014, IMIDRO embarked on mineral exploration over more than 200,000 square kilometers of the country in collaboration with the Geological Survey of Iran and the Ministry of Industries, Mining and Trade,” said Karbasian, noting that the achievements of the project would be released in the coming months.“Iran is home to 68 types of minerals, of which only few have so far been explored,” Karbasian lamented, calling for stronger the presence of private sector in mining and mineral projects to help generate more employment. ]]> Steel Sat, 01 Aug 2015 09:35:09 GMT http://www.minews.ir/en/doc/news/26521/german-firm-to-fund-iran-s-steel-projects