Follow on Google News News By Tag Industry News News By Location Country(s) Industry News
Follow on Google News | "Iran Metals Report Q2 2011" is now available at Fast Market ResearchFast Market Research recommends "Iran Metals Report Q2 2011" from Business Monitor International, now available
Output growth has been encouraged, in part, by the weakening of the rial in H210, a trend that boosted domestic metals producers which had witnessed declines in orders and output in Q2. The central bank had attempted to shore up the currency, but there has also been a rush towards hard currency amid stricter economic sanctions. Mobarakeh Steel produced 3.34mn tonnes of semi finished steel and 3.44mn tonnes of hot rolled coil in the first nine months of the 2010/11 Iranian year (beginning March 20), up 1% and 14% year-on-year (y-o-y) respectively. The company plans to up output by over 8% to 5.3mn tonnes in 2010/11 and aims to reach a capacity of 9-10mn tonnes per annum (tpa) by 2014. Current production figures do not bode well for achieving these targets. Much will depend on the fortunes of the car industry, which in turn relies on sustained private consumption growth. Mobarakeh Steel subsidiary Saba Compact Strip Processing Plant produced 448,000 tonnes of thin slab and 485,000 tonnes of HRC in 9M10/11, also increasing average production by 14% y-o-y. Billet output from Khorasan Steel reached 419,000 tonnes in the period, while rebar output totalled 433,000 tonnes. According to the Iranian Mines and Mining Industries Development and Renovation Organisation (IMIDRO), rolled steel output was 7.52mn tonnes, up 14% y-o-y during the first eight months of the 2010/11 Iranian year. Output included 1.31mn tonnes I Beam, 2.14mn tonnes of rebar, 3.78mn tonnes HRC, 220,000 tonnes wide plate, 39,000 tonnes coil and 20,000 tonnes pipe. Semi finished production totalled 7.58mn tonnes over the period. Around 80% of HRC was produced by Mobarakeh Steel, the country's largest sheet steel producer. Esfahan Steel produced around half of the nation's long products and sections. Output has been supported by capacity additions, particularly in value-added segments such as automotive-grade sheet steel and stainless steel. New steel mills include the Hormozgan Steel plant, the commissioning of which was put on hold due to delays in imports of equipment. The Hormozgan mill has a capacity of 1.5mn tpa of slab and began production in H210. In November 2010, Iran opened the Middle East's largest galvanised steel mill, which is jointly owned by the Saypa Company, Iran Khodro Company and Steel Industry Pensioners' Support Fund. The mill, located in Chahar Mahal Bakhtiari province, has production capacity of 400,000 tpa galvanised flat steel for the local automotive industry. In January 2011, construction began on a new mini mill, with annual production capacity of 1mn tpa steel billet, at Abarkooh, Yazd province. Investment in the project is estimated at IRR6trn. In December 2010, Khorasan Steel started the construction of a 2.5mn tpa palletising plant. The plant, which is to be constructed by Parsland Mines & Industries Development Company within 30 months, will be expandable to a capacity of 3.4mn tpa. The company has already put its two DRI units, each with a capacity of 800,000tpa, into operation. It also plans to set up a new melt shop as well as upgrading its existing melt shop. The Ministry of Industry and Mining has also issued permission for the construction of a privately-owned 1.5mn tpa steel mill in Kashan in Isfahan province. For more information or to purchase this report, go to: - http://www.fastmr.com/ Report Table of Contents: SWOT Analysis - Iran Political SWOT - Iran Economic SWOT - Iran Business Environment SWOT Global Market Overview - Steel Forecast - Table: BMI's Steel Forecasts - Table: Steel Prices (US$m/t) Commodities Forecast - Commodity Strategy - Metals Update - Aluminium - Copper - Lead - Nickel - Tin - Zinc - Gold Forecast Scenario - Table: Iran Metals Industry, 2008-2015 ('000 tonnes unless stated) - Macroeconomic Forecasts - Table: Iran - Economic Activity, 2008-2015 Competitive Landscape - Table: Production And Sales By Producer (FY2009/10) - Recent Developments Company Profiles - Mobarakeh Steel Company - Esfahan Steel Company (ESCO) Global Assumptions, Q211 - Table: Global Assumptions, 2009-2015 - Table: Regional Real GDP Growth, 2010-2013 (% change y-o-y) - Table: Selected Exchange Rates, 2010-2013 (average) - Developed States - Table: Developed States' GDP Growth, 2010-2013 (% change y-o-y) - Emerging Markets - Table: Emerging Market's GDP Growth, 2010-2013 (% change y-o-y) - Consensus Forecasts - Table: Consensus Forecasts, 2011 And 2012 Country Snapshot: Iran Demographic Data - Section 1: Population - Table: Demographic Indicators, 2005-2030 - Table: Rural/Urban Breakdown, 2005-2030 - Section 2: Education and Healthcare - Table: Education, 2002-2005 - Table: Vital Statistics, 2005-2030 - Section 3: Labour Market and Spending Power - Table: Employment Indicators, 1996-2005 - Table: Consumer Expenditure, 2000-2012 (US$) - Table: Average Annual Manufacturing Wages, 2000-2012 BMI Methodology - How We Generate Our Industry Forecasts - Cross Checks About Business Monitor International Business Monitor International (BMI) offers a comprehensive range of products and services designed to help senior executives, analysts and researchers assess and better manage operating risks, and exploit business opportunities, across 175 markets. BMI offers three main areas of expertise: Country Risk BMI's country risk and macroeconomic forecast portfolio includes weekly financial market reports, monthly regional Monitors, and in-depth quarterly Business Forecast Reports. Industry Analysis BMI covers a total of 17 industry verticals through a portfolio of services, including in-depth quarterly Country Forecast Reports. View more research from Business Monitor International at http://www.fastmr.com/ About Fast Market Research Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156. # # # Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available. End
Account Email Address Account Phone Number Disclaimer Report Abuse
|
|