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Steel industry in Iran

The iron ore mining industry and its developments were explored to uncover elements that propel the iron ore market in Iran as well as its related industries while checking in on the global iron ore markets.

As part of the 20 year outlook, Iran aims to become the world’s 7th largest steel maker. In order to achieve the vision goals, this industry requires about 165 million tonnes of iron ore and raw materials.

Prices of iron ore are closely related to steel prices. Domestic demands of steel-makers for iron ore have increased as they gear up for larger internal productions and exports. These developments have had magnificent outcomes for the iron ore mining industry.


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