Tehran, Iran, April 30
By Kamyar Eghbalnejad – Trend:
Iran's 3rd international steel and iron conference was held in the Iranian capital city of Tehran with high-ranking industrial officials as well as executives from domestic and foreign companies in attendance.
The event titled "Steel Price" was held at the Esteghlal Hotel in the north of Tehran on April 30, Trend's correspondent reported from the event.
This edition of the international event focused on the Middle East and North Africa region’s (MENA) steel, direct reduced iron (dri) and pellet.
Several Iranian and foreign experts made speeches at the event, including Chief Executive of the National Iranian Steel Company (NISC) Mansour Yazdizadeh.
He said Iran’s steel industry is facing a serious challenge in the sector of infrastructure and that the government has established a working group to address this.
The price of steel in the next three months, China and its role in Iran’s steel market, and new potential markets were among other topics discussed at the meeting.
The latest data released by the World Steel Association indicates that steel output in Iran witnessed a significant increase in the third month of 2018 and the Islamic Republic maintained its position as the world 10th largest steel manufacturer.
Iranian crude steel production witnessed a rise by 43.7 percent in March 2018 and stood at 2.35 million tons, the association said in its latest monthly report.
Iran’s crude steel output amounted to 6.81 million tons in January-March 2018, 47 percent more compared to the first quarter of 2017.