DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/d98848/iran_metals_report) has announced the addition of the "Iran Metals Report Q4 2011" report to their offering.
Iran's crude steel output is lagging behind the rate of capacity growth, leading to increasing levels of surplus capacity that are undermining the sector's profitability, according to this latest Iran Metals Report from BMI.
In the first seven months of the 2011 calendar year, Iranian crude steel output grew 12.0% year-on-year (y-o-y) to 7.61mn tonnes, continuing the strong growth seen in the previous year. Output is being bolstered by rapid capacity expansion. The performance across the steel industry was varied. Khuzestan Steel produced 1.15mn tonnes of semi-finished steel in the first four months of the 2011/12 Iranian year (from March 20), an increase of 20% y-o-y.
Iranian National Steel Industrial Group (INSIG) produced 108,000 tonnes of billet and 462,000 tonnes of finished steel products (rebar, I-beam and pipes) over the same period, up 22% and 16% y-o-y respectively. Khorasan Steel produced 230,000 tonnes of steel billet (up 22% y-o-y) and 232,000 tonnes of rebar (up 15% y-o-y). Iran Alloy Steel produced 92,000 tonnes of steel billet (up 6% y-o-y) and 89,000 tonnes of finished steel products (no change). Mobarakeh Steel subsidiary Saba Steel Plant produced 170,000 tonnes of thin slab and 170,000 tonnes of HRC in the first three months of the current Iranian year, both unchanged compared with the previous year.
The Bonab Steel Complex reached a crude steel output capacity of 1.5mn tpa when its new 500,000tpa meltshop came onstream in mid-2011; it also has a rolling capacity of 3.5mn tpa. Esfahan Steel began recommissioning an 800,000 tonnes per annum (tpa) blast furnace in Q311 following an investment of IRR300bn (US$28mn).
Read more inside Iran Metals Report Q4 2011
Companies Mentioned:
- Mobarakeh Steel Company
- Esfahan Steel Company (ESCO)
For more information visit http://www.researchandmarkets.com/research/d98848/iran_metals_report