The 6 main reasons of strong steel demand in automobile industry

Automobile is one the major industries demanding steel globally. So investigation of car industry can help analyst to predict steel market! A report was published in World Steel website, analyzing why automobile industry is strongly demanding steel: Strong but cost effective: steel in comparison with aluminum and some compact plastics is stronger and also more…

Global Steel Demand on 2020

According to WordSteel, the global steel demand will decrease from +4.2% on 2019 to +1.9% on 2020. If China be excluded from the calculations, steel demand improves from +0.7% to +2.7%. Iran steel demand has reduced 5.5% on 2019 because it was expected that GDP decreases 6.2%! However it seems that Iran steel market will…

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.…

Global Steel Output in July

Globally, the speed of #steel_production cooled down in July. 156.89 million MT of #steel was produced in July (+1.9%) which in comparison with the first 7 month of 2019=1083 million MT (+4.5%) has reduced significantly. #Iran by producing 2.2 million MT steel (+11.1%) in July seen an improvement in its steel production in comparison with…

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