Fitch Solutions Lowers 2019 Global Steel Price Forecast

Fitch Solutions, another time, reduced the global steel price predictions for the current year amid tensions between US and china which increases the danger of global recession! Fitch believes that steel price in short term will also drop! “We are revising down our 2019 global steel price forecast from an average of $650/MT to $600/MT,…

Iran Coal Output Grows 78% in 5 Years!

Coal concentrate production of Iran has risen 78.7% in last five years, the highest growth between Iran minerals! On the other hand, aluminum ingot with a 1.8% growth had the lowest improvement. 921,500 MT of coal concentrates were produced 5 years ago in Iran which had increased to 1,647,000 MT last year. Moreover 15,480,000 MT…

Iran Steel Firm Market on Strong Demand:

Steel market resists and the prices are firm. Though US dollar rate in free market has reduced, the steel demand is yet strong and avoids prices to fall. But we should wait and see what the steel outlook is in future. Iran steel is demanded strongly not only in domestic market but also surrounding countries.…

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Necessity of Improvement in Iran Mining Section

Iran mineral section allocates 21% of the non-oil exports of this country which worth about 9.2 billion dollars. Steel and its products as well as iron ore concentrate and pellets, copper and its products and cement are the most important export minerals of Iran. Last year a growth was seen in steel, coke, copper and…

Firm prices of Iran’s steel in export markets

Price difference between Iran’s billet on FOB term and #billet of #CIS has reduced to 17$ from 55$ on January! Due to the #US_sanctions against Iran, 17$ difference is acceptable. Last week the #steel_price of Iran in export markets was reported firm. #Iranian_steelmakers have fully booked for October shipments and are in negotiations for November…