The Iranian steel industry has survived the 2015-16 valley of death and is now reaping the benefits of an improving global market condition.

In a talk with Steel Mint, Mr Keyvan Jafari Tehrani, CEO at Jame Tejarat Co. (JTC) and IROPEX (Iron Ore Producers & Exporters Association of Iran) shared that “Iron ore prices in China have gone up in last 2-3 days. Just need to wait for while to check what is going on in the market because by 2-3 days its not easy to justify and get feedback from the buyers”.

Tehran, 18 April (Argus) — Iran is pushing to steadily increase its iron ore output in order to make steelmakers less dependent on imported feedstock and better able to curb their production costs as they significantly ramp up steel output over the coming years, delegates heard at an industry event last week.

Iran’s iron ore giant Golgohar Mining and Industrial Complex plans to issue 3 million Islamic bonds worth 3 trillion rials (about $66 million) next week to finance the purchase of ore concentrate production machinery.

Two iron ore processing plants were inaugurated in Sangan by First Vice President, Es’haq Jahangiri. Also, Minister of Industry, Mine and Trade, Mohammad Shariatmadari and chairman of the board of IMIDRO, Mehdia Karbasian attended the inauguration ceremony.

TEHRAN, Feb. 23 (MNA) – European Union has long been investigating the case of dumping in Iran’s steel output and is likely to assign import tariffs on Iranian steel products.

For me, seeing the completion of S11D is much more than just witnessing a new landmark in the mining industry. More than an enterprise embodying the latest technology, low cost and high productivity, the S11D portrays Vale’s ability to make things happen”: Vale’s CEO, Murilo Ferreira

But $1.3 billion may be small beer compared to the possible impact of Simandou on the global iron ore market

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Prices for the steelmaking material up almost 50% since beginning of the year.

Iron ore hit its highest level since April driven by the demand of China’s steel industry, whose production grew by 4.6 per cent in the first half of this year and whose imports of the steelmaking raw material are on course to exceed 1 billion tonnes in 2017.

It’s been a bad week for iron ore, with all indices steeply lower on Friday for a second consecutive day.

The destruction of iron ore and coking coal prices in the past week has been brutal.

Iron ore prices are now down 3.1% so far this year.

The amount of iron ore handled by India's ports has more than doubled in the period between April 2016 and January 2017.

Perth-based mining contractor Decmil has secured a new contract at Rio Tinto’s iron ore operations in the Pilbara region of Western Australia.

New loans come as Samarco assesses whether it can reopen the Brazilian iron ore mine where a dam disaster killed 19 people last year.

Vale swung to a net profit in the third quarter of the year helped in part by better prices for the commodities it mines, mainly iron ore and nickel.

Iron ore has defied predictions and risen above US$60 per tonne overnight.