Iran: Iron Ore Exports Down 28% in June'19

According to the data maintained by SteelMint, Iran's iron ore exports via bulk shipments in third month of current Persian year (June'19) was recorded at 1.37 MnT, down 28% as against 1.91 MnT a month ago. The exports in June'19 dropped back against recording 1 year high levels in May'19. However, it should be noted that close to 17 iron ore vessels were seen at anchorage position by end of last month which shows that Iranian exporters have turned active post sharp price hike.

On yearly basis, the exports have depicted 21% rise as compared to June'18 exports at 1.13 MnT.

Iran pellet exports up 23% in June'19

Iran's pellet exports for the month of June'19 recorded at 0.05 MnT, up 23% as compared to 0.04 MnT in May'19.

Iranian iron ore exports to China down 26% M-o-M

China stood the largest and only importer of Iranian iron ore in June'19 at 1.37 MnT, down 26% on monthly basis as against 1.85 MnT a month ago. Iranian exports of iron ore to India marked nil for seventh consecutive month in June'19 as it was last witnessed in Nov'18 at 0.05 MnT.

Iran turns to be world's 10th largest steel producer

According to World Steel Association, Iran became the world's tenth largest steel producer in 2018.

The May'19 crude steel production witnessed rise of 3.8% Y-o-Y to 2.235 MnT against 2.153 MnT, according to the world steel association (WSA). Also, the current Iranian year production is expected to touch around 30 MnT. The country plans to increase its crude steel capacity from about 30 MnT to about 55 MnT p.a. and exports to 20-25 MnT by 2025.
According to the WSO's report, Iran produced 25 MnT of crude steel in 2018, up 18% from 21.2 million tons in 2017.

Iranian Deputy Industry, Mining and Trade Minister for Mining Affairs Jafar Sargini recently said that Iran's annual steel production is planned to reach 45 MnT by the Iranian calendar year Mar'21-Mar'22. Sarqini had also announced that Iran will inaugurate steel projects with the capacity of at around 10 MnT during the current Iranian calendar year.