With the opening of the Neishabur Steel Project, the country’s direct reduced iron production capacity has increased to 800 thousand tons, annually. Shargh however, considers this as one of the seven projects which were carried out at incorrect locations during the presidency of Mahmoud Ahmadinejad. Although these projects were halted in 2013, with the presidency of Hassan Rouhani, their development was later restarted. Mohammad Karbasian, CEO of IMIDRO told Shargh, Once a project has commenced, either correctly or incorrectly, halting it has political and social consequences. This has led to agricultural lands in Neishabur which were suffering from a water crisis, to change to industrial land. The first phase of Neishabur steel has been completed with financing from Parsian Bank (85%) and IMIDRO (15%). The Iron ore for this complex is supplied from Sangan mine with a current production capacity of 2.6 million tons of iron concentrate.
Iron ore to be offered on Iran Mercantile Exchange from the end of January. From February 2017, local iron ore producers can use Mercantile Exchange instruments such as futures and forward contracts to sell their […]
The price of steel will not rise until July 2018. Taadol writes of the complaints of the members of Tehran Chamber of Commerce who are downstream users of steel. In a letter to the Minister […]
Ebtekar quotes the Minister of Oil as having said, during the previous year the production of gasoline increased by nearly 25 million liters and reached 87 million liters per day. Thus, considering the annual 8% […]