the powerhouses of Iranian steel production were urged to accept the challenges created by the new round of sanctions reimposed by the United States and offer workable solutions to manage the risks during the upcoming edition of the annual two-day "Iranian Steel Market Conference" (ISMC 2019).

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 exported over 57 million tons of mineral products worth over $9.2 billion during the last fiscal year (ended March 20, 2019), registering 5% and 2 % fall in tonnage and value respectively

Production of iron ore concentrate in Iran during the first nine months of the current Iranian calendar year (March 21 – September 21, 2018) rose 22 percent compared to the same period of time in the previous year, IRIB reported on Saturday citing the data released by Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO).

Iran plans to increase the output to 55 million tons by 2025. The country was the world’s second or third biggest steel importer with 11 million tonnes a year, but the rise means it’s now exporting its crude steel to other countries, especially Iraq and Afghanistan.

Brazil, the US, Canada and Uruguay are the four North and South American countries that have had major commercial dealings with Iran since 21 March, according to the latest data.

"According to evaluations, 11 contracts have been signed in recent months" reported IMIDRO's public relations office. "28 requests have been received for investing & partnership in small-scale mines during the small & medium scale mines revival & development program, from which, 11 contracts have been finalized".

IRICA reported the value of Iranian mining & mining industry companies export for the first 8 months of Persian year 1397 (April to November 2018)

TEHRAN- Minerals and mining exports accounted for 21 percent of Iran’s non-oil exports in terms of value during the first ten months of the current Iranian calendar year (March 21, 2018 – January 20, 2019), IRNA reported on Friday according to the data released by the Islamic Republic of Iran Customs Administration (IRICA).

Tehran is focusing on development of the strategic port in a bid to complete one of the main infrastructures of the North-South Transit Corridor.

RIO DE JANEIRO, May 24 (Reuters) – Brazilian miner Vale SA expects iron ore output at its premier S11D mine to reach 58 million tonnes this year, above an official forecast of 50 million to 55 million tonnes, a person familiar with the matter said.

Australian iron ore producer Fortescue Metals Group (ASX:FMG) is going ahead with its plans to build a new $1.3 billion mine in the Pilbara region, which will lift the grade of its ores and so satisfy the new demands of its biggest customer, China, which is increasingly asking for higher quality ore for steel mills to help cut smog.

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.

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.