Iran Iron Ore Concentrate Output Up 4% in Apr-Aug'19

Iran iron ore concentrate production during first five months of current Persian year (Mar'19-Aug'19), witnessed 4% rise Y-o-Y to 19.725 MnT as against same period last year, as per IRNA.

For the same period of the current Persian year, output of major mineral producing companies depicted slight decline in iron ore conglomerate output to 17.64 MnT compared to same period last year. Also, the production of granulated iron ore for Apr'19-Aug'19 recorded at 2.22 MnT, down 4% Y-o-Y.

Iran's export of iron ore concentrate in last Persian year (Apr'18-Mar'19) witnessed 96.6% rise as compared to previous Iranian year.

According to Iranian Mines & Mining Industries Development & Renovation (IMIDRO), the Iranian government planned to impose a 25% tariff on iron ore exports from 1st Oct'19. The policy of tariffs is mostly to avoid exporting raw iron ore, creating more additional value, and meet the requirements from domestic steel industries. SteelMint in conversation with Iranian participants learned that , Iranian Iron ore producers and exporters association (IROPEX) is opposing the tariff imposition and are expecting the decision to be nullified. However, the final decision from IMIDRO remains pending.