Iron and Steel

Member of Iran`s Chamber of Deputies:

Steel chain prices are not balanced with investments / Good organization for the exploration and extraction of Sangan by IMIDRO has taken place.

Steel chain prices are not balanced with investments / Good organization for the exploration and extraction of Sangan by IMIDRO has taken place.
Mining News Pro - Member of the Chamber of Commerce, Industries, Mines and Agriculture of Iran stated: "In the 2026 document, the country`s steel capacity is estimated at 55 million tons, the most important of which is the annual supply of 164 million tons of iron ore, but now only about 47 million We have tons of capacity.
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According to Mining News Pro, Mohammed Atabak added that if the capacity of the 50 million tons of iron ore currently in stock is to be calculated, about 67 million tons of new capacity will be needed in this sector.

"If the new iron ore mines are not discovered in the future, then after the horizon of 1404, that is, in the next 10 to 15 years, we will face a shortage of iron ore and will inevitably be imported," he said.


A member of the Iranian Chamber of Commerce, Industries, Mines and Agriculture Chamber of Deputies stressed that each section of steel would add value to itself.
He continued: Prices that are calculated today for steel include a percentage of the price of steel bars in Khuzestan, but these percentages are such that they are not investing in balance.

The industrial expert added: In many cases, the base percentage of Khuzestan steel ingot rates does not fit into other parts of the production chain, and it is far from international rates.

Atabak described the steel projects that were implemented from half of 2005 to the middle of 2013 as unbalanced and said: Today, the Iranian Mining and Mining Development and Renovation Organization (IMIDRO) has been introduced as a trustee of the steel industry and has raised production chain issues from exploration stage to The final production is followed.

According to him, the appointment of a trustee for each sector is due to the maintenance of national capital and now the steel industry has this advantage. The member of the Iranian Chamber of Commerce, Industry, Mines and Agriculture from the Sangan (Khorasan Razavi province) has been named as the country`s largest iron ore, which is the first to be said today, and has invested heavily in discovering its billion reserves. He said that IMIDRO is now organizing the necessary extraction of Sangan reserves and planning for its future exploration. It was announced earlier that the amount of stones was more than one billion and 200 million tons, and IMIDRO also announced the discovery of 500 million tons of explicit iron ore in the east of the country.

Managing director of the Kaveh Pars Mineral & Metal Industries Co. (affiliated to Mostazafan Foundation) also said that according to the official steel industry report, 21 million and 800 thousand tons of crude steel were produced last year, which recorded a growth of 19 percent compared with the year 1395 And according to this figure, the per capita consumption is about 260 to 265 kg.


"If the population of the country reaches 90 million by the horizon of 1404, then the per capita consumption of steel should be 600 kilograms, but this figure is not consumed and should be for 300 to 320 kilograms," he said.
According to him, last year`s export of crude steel was about 6 million and 900 thousand tons, which increased 84 percent compared to 1395.

A member of the Iranian Chamber of Commerce, Industries, Mines and Agriculture said: "The capacity of 55 million tons of steel is not in line with domestic demand, and new export markets need to be identified, and for export of about 25 million tons of steel, which exceeds 45% Production is a way to think.


He added: "The reality is that we do not have enough infrastructure to export 25 million tons of steel products today, and we have to accelerate in this area to reach the 1404 target.


Atabak predicted that production would be difficult if projected for exports in the 2026 horizons, where the country`s steel needs are 30 to 32 million tons. As IMIDRO has said, five of the seven steel projects that were launched in 2007 but stopped due to the financial problem for many years, and five projects are expected to be launched, and two other plans are expected to be activated by the end of the twelfth government.


Sepiddasht (Chaharmahal-Bakhtiari), Nayriz (Fars), Shadegan (Khuzestan), Middle (East Azarbaijan), Cayenat (South Khorasan), Sabzevar (Khorasan Razavi) and Baft (Kerman) are seven steel designs. They have projected capacity of 800,000 to 1 million tons. Organizing imports and exports and supporting self-sufficiency in commodity production is one of the pillars of resilient economy policies that was announced in 2014.
Subsequently, in 2017, the Supreme Leader of the Revolution called "resistance economy; action and action". The year 2018 was also "resistance economy; production-employment".

The supreme leader of the Islamic Revolution announced the slogan of 2019 as "protecting Iranian goods".

Iran was the world`s 14th largest steelmaker in 2017, which was upgraded to a thirteenth rank with a growth rating last year, according to the World Steel Association.

On the horizon of 2026, Iran is expected to be seventh in the world`s foremost steel.


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