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  • Wonderful! The 21st Issue of ChinaFastener Magazine華人螺絲 has landed in February 2017.

    Wonderful! The 21st Issue of ChinaFastener Magazine華人螺絲 has landed in February 2017.

    By Ivan Su| 2017-02-28 00:00:00

      The 21st Issue of ChinaFastener Magazine華人螺絲 has landed in February 2017. Beside previous columns like fastener news, exhibitions report, topics and Buyer’s Guide, the issue includes more useful information, such as fastener trade statistic and fastener associations. Its Buyer’s Guide includes over 300 excellent export-oriented fastener suppliers in China, and all the information is verified one by one by the Buyer Service Team of www.chinafastener.com. We believe that it is an issue worth having! Let's see what you have to read in the magazine. 1. Cover Story -- We would like to be the Intel in fastener industry. Want to know who is the one that has such a great ambition? Get the 21st Issue of ChinaFastener Magazine, and find the answer! 2. New Column -- Statistic Report on Fastenetr Industry (From 2014 to 2016) Want to get the latest import and export statistics of US, Canada, China, Japan, S.Korea. Thailand and Taiwan? They are all in the Feb issue, including the most comprehensive information, which can help you know more about these markets. 3. Buyer's Guide. Every supplier listed in the guide is with the specific list of core products. The validity of these information is assured, which brings convenience to fastener buyers. The 21st edition of ChinaFastener Magazine will be released through internet, exhibitions, subscription etc. to every corner across the world. It is calculated that the total number of physical books will reach to over 15 thousands with over 40 thousands of readers. How to get the free copy of ChinaFastener Magazine? Please visit www.chinafastener.com/magazine/  E-magazine is coming soon. Or contact Miss Sharon at 86-20-8227 0680 / service@chinafastener.com for physical books. www.ChinaFastener.com
  • The New Year’s Greeting Party of China’s Fastener Industry was held successfully

    The New Year’s Greeting Party of China’s Fastener Industry was held successfully

    By Ivan SU| 2017-01-21 00:00:00

    Year of the rooster is coming. In the afternoon on Jan. 18th, 2017, the New Year’s Greeting Party of China’s Fastener Industry was jointly  hosted by CMCA-China Fastener Industry Association and ChinaFastener.com in Huating Hotel & Towers, Shanghai, China. More than 40 leaders and representatives of some associations in China, such as CMCA-China Fastener Industry Association, Shanghai Fastener Industry Association, Zhejiang Fastener Industry Association, Fastener Association of Guangdong, Ningbo Fastener Association and China Wenzhou Fastener Association and famous fastener companies attended the party to greet the coming of new year. The party is the most important meeting in China’s fastener industry to greet the coming of Chinese traditional lunar new year. Here is the latest news. Mr. Xue Kangsheng, new president of CMCA-China Fastener Industry Association presided at the meeting. He welcomed all attendees with open arms and sincere thanks. Mr. Xue Kangsheng Then, Mr.Feng Jinyao, honorary president of CMCA-China Fastener Industry Association gave all guests warm welcomes and sincere blessings. He analyzed the gains and losses of China’s fastener industry in 2016 and emphasized how a large-scale company could upgrade itself to be high-grade, hig-precision and advanced. Mr. Feng Jinyao What’s more, leaders of associations summarized the situation of fastener industry in their regions and predicted the development trends. They thought that an industry reshuffle was inevitable in 2017. Besides, leaders of some famous companies such as Shanghai Biaowu, Jinan Star, Hunan Shenyi also reported their development in 2016 and focused on the upgrading of techniques and production skills, strengthening the idea of environment protection and improving added value of products. Last but not least, Mr. Shen Deshan addressed the meeting on the development trend of steel and iron price in China. He said, the government cut the capacity of steel and strictly forbade the production of low-quality steel and iron products in 2016. At the same time, the government devoted greater effort to supervise and control steel producing companies and many producers were closed. The steel price was going up significantly in the second half of 2016. Based on the current situation, it’s expected that the steel industry in China will be unpeaceful in 2017. At the end of the party, everyone gave sincere blessings to each other and hoped the industry be better in the future. The meeting successfully concluded in a lively and happy atmosphere. Source: ChinaFastener.com
  • Huge Demand in fastener industry in Germany! How to gain more market share?

    Huge Demand in fastener industry in Germany! How to gain more market share?

    By ChinaFastener.com| 2016-12-22 00:00:00

    The statistic of UN Comtrade illustrates that in the first half year of 2016, the imported fastener products of Germany is valued at US$ 1,802,104,035, up 4.61% versus last year; the exported fastener products during the same period is worth US$ 2,786,051,684, 1.89% more than that in the first half year of 2015. Depending on the data, we could see that the exports value of German fastener products in the first half year of 2016 is going up steadily with monthly average export value reaching about US$ 0.46 billion; the import value of German fastener products is rising at a slower rate but the monthly import value averages near US$ 0.3 billion which means that the total demand for fastener products in Germany is large. The chart below shows that the top five countries (regions) of imported fastener products value of Germany in the first half of 2016 is Italy, Other Asia nes, Switzerland, USA, and Netherlands. The products imported from the USA enjoy the highest unit price, about US$ 16.13/kg, which is 6.5 times as much as the unit price of fastener products imported from China. The chart below shows that the top five countries (regions) of exported fastener products value of Germany in the first half of 2016 is China, France, Czech Republic, the USA, and Austria. The products exported to the USA enjoy the highest unit price, about US$ 9.39/kg, and the average unit price of the other countries is around US$ 6.5/kg. In a word, the fastener products of Germany are popular and favored by companies in Europe and America due to their high quality. The value of exports exceeds largely the value of imports. The average unit price of fastener products exported from Germany to China is 2.8 times as much as the average unit price of fastener products imported from China to Germany. The value of imported fastener products of Germany sums up to US$ 1.8 billion but Chinese companies only occupy 5.08% of the market share. If Chinese companies want to develop German and European markets, it’s of great importance to position themselves and to improve the quality and added value of their products based on the local market demands. To help companies know more about the demand and favorites in European fastener market, ChinaFastener.com is organizing a group of leaders of Chinese companies to explore the market of Europe. The exploring journey will be from March 25th 2017 to April 2nd, 2017, visiting Fastener Fair Stuttgart, European local famous fastener companies, and local markets. Welcome to join us to have a great journey or meet us at the 7th Fastener Fair Stuttgart . Contact Person: Ella Leung Tel: 020-8227 0680 – 812 Phone: +86 186888787636 Email: Ella@chinafastener.com QQ: 550488805
  • It's Time to Develop the Market of Germany!

    It's Time to Develop the Market of Germany!

    By ChinaFastener.com| 2016-11-21 00:00:00

    Based on the statistics of www.customs-info.com, Germany is the second largest country of quantity of China’s fastener import products in September, 2016 totaling 4,631,804 kg with the average price of 9,378 US$/ton while it ranks the sixth of China’s fastener export products in September 2016, totaling 9,521,934 kg with the average price of 1,528 US$/ton. We could see that there are close trading relationship of fastener products between China and Germany. However, the average price of fastener products imported from Germany to China is much higher than the average price of fastener products exported from China to Germany. To find out the reasons of the huge differences, ChinaFastener.com is organizing a group of leaders of Chinese companies to explore the market of Europe. The exploring journey will be from March 25th 2017 to April 2nd, 2017. Let’s see the features of our journey. 1. Visiting one of the three largest exhibition in fastener industry -- The 7th Fastener Fair Stuttgart which could help us know more about European market; 2.  Visiting Germany local hardware market which could help us develop the market; 3. Visiting European companies and distributors to communicate with overseas entrepreneurs and to learn high-end technologies; 4.  Experiencing European local culture to help you know more about the needs and requirements of local people. As the world’s leading exhibition for the fastener and fixing industry, Fastener Fair Stuttgart offers exhibitors an international platform for the presentation of the latest products and developments from all areas of fastener and fixing technology. A total of 11,060 visitors and 832 exhibitors attended the previous show.The exhibition covers the complete spectrum of fastener and fixing technology: industrial fasteners and fixings, construction fixings, assembly and installation systems and fastener manufacturing technology. Our Schedule Day 1: March 25th, 2017 – Arrive in Frankfurt Day2: March 26th, 2017 – Visit Frankfurt Day 3: March 27th, 2017 – Visit local fastener companies; Day 4: March 28th, 2017 – Visit the 7th Fastener Fair Stuttgart; Day 5: March 29th, 2017 -- Visit the 7th Fastener Fair Stuttgart and local companies; Day 6: March 30th, 2017 – Visit local companies; Day 7: March 31st, 2017 – Visit Cologne and local companies; Day 8: April 1st, 2017 – Visit Amsterdam – the largest city in Netherland; Day 9: April 2nd, 2017 – Visit Keukenhof and Van Gogh Museum. Come back to China.   Welcome to join us to have a great journey or meet us at the 7th Fastener Fair Stuttgart . Contact Person: Ella Leung Tel: 020-8227 0680 – 812 Phone: +86 186888787636 Email: Ella@chinafastener.com QQ: 550488805

Industry Activities

By Ivan Su ,2017-02-28 00:00:00

  The 21st Issue of ChinaFastener Magazine華人螺絲 has landed in February 2017. Beside previous columns like fastener news, exhibitions report, topics and Buyer’s Guide, the issue includes more useful information, such as fastener trade statistic and fastener associations. Its Buyer’s Guide includes over 300 excellent export-oriented fastener suppliers in China, and all the information is verified one by one by the Buyer Service Team of www.chinafastener.com. We believe that it is an issue worth having! Let's see what you have to read in the magazine. 1. Cover Story -- We would like to be the Intel in fastener industry. Want to know who is the one that has such a great ambition? Get the 21st Issue of ChinaFastener Magazine, and find the answer! 2. New Column -- Statistic Report on Fastenetr Industry (From 2014 to 2016) Want to get the latest import and export statistics of US, Canada, China, Japan, S.Korea. Thailand and Taiwan? They are all in the Feb issue, including the most comprehensive information, which can help you know more about these markets. 3. Buyer's Guide. Every supplier listed in the guide is with the specific list of core products. The validity of these information is assured, which brings convenience to fastener buyers. The 21st edition of ChinaFastener Magazine will be released through internet, exhibitions, subscription etc. to every corner across the world. It is calculated that the total number of physical books will reach to over 15 thousands with over 40 thousands of readers. How to get the free copy of ChinaFastener Magazine? Please visit www.chinafastener.com/magazine/  E-magazine is coming soon. Or contact Miss Sharon at 86-20-8227 0680 / service@chinafastener.com for physical books. www.ChinaFastener.com

Raw Materials

By Commodity News ,2017-03-23 10:10:15

With iron ore prices on a rise and domestic demand likely to pick up by mid-April, steel producers have already raised product prices by Rs 1,000 per tonne from 15, March and are gearing up for another hike by the same quantum from April. This time most of the companies, according to the source, are raising prices."Domestic steel firms at a closed-door meeting held 10 days ago have come to an understanding to unanimously raise product prices for April by another Rs 1,000 per tonne,” a source close to the development told Business Standard.Domestic steel companies have raised prices by about 70 percent since imposition of minimum import price (MIP) in February 2016. Though prices were raised by Rs 3,000 per tonne in January, most companies had to roll back the hike in the following month either partially or completely as the market was unable to abosrb the revision due to weak demand. However the confidence of companies that now consumers will digest higher prices seems to have been back and producers strategies are paying off."There has been a hike of Rs 1,000 per tonne in mid- March and going ahead we will be raising product prices in line with the industry,” a source with Essar Steel said.JSW Steel, Tata Steel, Steel Authority of India, Bhushan Steel, Essar Steel, Jindal Steel & Power, and Rashtriya Ispat Nigam are among the top producers of the alloy in the domestic market."Price revision decisions are taken depending upon market dynamics and no meeting between steel producers was held to discuss prices,” said Jayant Acharya, director commercial at JSW Steel. “Having said that, with international and iron ore prices having moved up in the last few months, we will be taking a call on product price hikes later in the month. No decision has been taken as of now,” he added.Steel industry is seeing a demand pick up post UP elections mainly in the construction segment along with auto and white goods sectors which were hit due to demonetisation. In the last few months, as domestic steel demand failed to pick up and producers had to export the alloy in order to maintain margins and maintain the raised capacity utilisations. Average capacity utilisation of domestic steel industry has moved to 85 per cent from 75 per cent earlier.As per Joint Plant Commitee data, India’s Apr-Feb exports of steel have jumped 78 per cent on year-on-year basis to 6.62 million tonne, while imports have crashed nearly 40 per cent to 6.59 million tonne. Steel production for sale has increased 11 per cent to 92 million tonne, while consumption was at 76.22 million tonne, up 3.4 per cent from last year.From the data available, India has emerged as a net exporter of total finished steel in February as well as April-February.Source: Business Standard

By Raul de Frutos ,2017-03-22 00:00:00

U.S. Cold rolled-coil prices rose to their highest levels since March of 2012 this week. Spot steel prices saw some upward action in January, however, prices really came under pressure in early February.In March, U.S. steel mills are pushing for another round of price hikes. So far, they seem to be succeeding.China Steel PricesBack in November, we predicted a surge in steel prices as we moved into the new year. When international steel prices rise, U.S. mills can more easily justify a price hike. Chinese prices set the floor for international prices. Last summer, U.S. steel prices declined sharply while Chinese prices held well. That caused the international price arbitrage to come down to normal levels.The price arbitrage started to widen again this year as momentum in U.S. steel prices picked up. However, the arbitrage is still relatively narrow compared to historical levels, especially in hot-rolled coil. Therefore, U.S. mills still have some room to hike prices. Still, for the rally to be sustained throughout the year, Chinese steel prices will need to keep rising.Falling Chinese Steel ExportsIn January, Chinese steel exports fell near 24% compared to the same month last year. In absolute terms, January steel exports were at their lowest level since June 2014. Exports fell by double digits in the last four months of 2016. While more countries act against the threat of a flood of Chinese steel, we could see further moderation in exports this year, which bodes well for global steel markets. What’s surprising is that exports have falling despite rising output.According to the data released by the World Steel Association, China’s January steel production rose 7.4% to 67 mmt while global steel production rose 7% from a year ago. In addition, China’s operating steel capacity increased in 2016, since most of the announced cuts in capacity were already idle.So far, solid demand in China has absorbed the increase in output, or at least most of it. The Caixin Manufacturing PMI in China rose to 51.7 in February, beating market expectations and marking the eighth-straight month of growth. In addition, there are rumors that China is stocking its excess steel production. According to SteelHome, hot-rolled coil and rebar inventories in China have surged so far this year.All About Production CutsIn conclusion, U.S. mills could continue to raise prices in the short-term. However, for a sustained bull market in steel prices, Chinese steel prices will have to rise as well. China’s domestic demand looks strong, but it won’t be enough to support a rising price trend in the face of rising output.Beijing has ordered curbs on steel and aluminum output in as many as 28 northern cities during the winter heating season, as it steps up its fight against pollution, but we need to see if those cuts actually materialize this year. China will need to intensify its efforts to curtail excess steel capacity. Otherwise, if production continues to grow unabated, it could hamper this price recovery.

By Masumi Suga and Ichiro Suzuki ,2017-03-21 00:00:00

Global steel mills shouldn’t fret about the chances of Chinese exports torpedoing prices this year in a rerun of 2015, according to the managing director of Japan’s biggest producer of recycled steel.Strong domestic demand in China and cuts in production capacity are leading to a more balanced market, said Kiyoshi Imamura from Tokyo Steel Manufacturing Co. The nation is building roads, railways and warehouses to bolster expansion, and shutting illegal and inefficient mills that cause pollution, he said in an interview. New service industries like online shopping can help absorb workers that lose their jobs, he added."China won’t trigger an imbalance of supply and demand, at least this year,” Imamura said in Tokyo on March 14. “I strongly feel that prices won’t go back to the previous levels because of China overproducing steel,” he said. The nation accounts for about half of global supply.The country has started the year on a firm footing, with macro data showing fixed-asset investment rising 8.9 percent in January and February from a year ago, and industrial output increasing 6.3 percent. The benchmark price of domestic hot-rolled coil in China has jumped 60 percent in the past year, and Imamura sees the metal staying at current levels of $500 to $600 a metric ton.Back in 2015, coil prices slumped 33 percent as Chinese exports of steel surged to a record 112 million tons. The deluge hurt global steel mills and prompted countries from India to the U.S. to introduce import tariffs. It even reached the level of a meeting of G-20 countries, which agreed to set up a group to address overcapacity.Imamura visited four areas in China in December -- Jinan, Chongqing, Shanghai and Wuxi -- to study the market. In meetings with the industry and users, he says he was inspired by the development of the economy and manufacturing. While the media often highlights the woes of steel ghost towns, he said the metal was in shortage in most regions. “It’s something similar to situations in Japan’s economic boom of 1960s and 1970s,” Imamura said.Like most mills, Tokyo Steel has benefited from the price rally. The shares are up 38 percent in the past year, outperforming a 20 percent gain in Japan’s top producer, Nippon Steel & Sumitomo Metal Corp.Tokyo Steel last raised prices in February, which was for a third month in succession. On Tuesday, it said it will maintain its prices for April, even as low inventories at home and abroad had created a favorable supply-demand balance. Its shares dropped as much as 4.9 percent.At a briefing in Tokyo, Imamura said the pause in prices is because the market hadn’t caught up with previous hikes, but that a tighter Chinese market is having a big impact globally.Tokyo Steel operates electric-arc furnaces that take scrap as feed-stock, while the largest steelmakers, including Nippon Steel, use iron ore and coking coal. High-end steel is typically made from iron ore and supplied for cars and electronic devices. Steel from scrap is used mostly in construction and the process emits far less carbon dioxide, according to the company.Before it's here, it's on the Bloomberg Terminal.Source: www.bloomberg.com 

Company News

By Will Lowry ,2017-03-24 00:00:00

Arconic reported a 2016 net loss of US$900 million (€854.4 million) on total revenue of US$12.4 billion (€11.8 billion). The loss was primarily attributed to the charges and costs associated with the separation from Alcoa Inc.Klaus Kleinfeld, Arconic chairman and CEO said, “In the fourth quarter we completed the successful separation of Alcoa Inc, which has unlocked substantial value for all shareholders. In the face of significant market challenges, we continued to improve the businesses – we increased adjusted EBITDA margins 100 basis points or more in each of our three business segments, delivered strong net savings and systematically cut overhead cost. We also strengthened our balance sheet, paid down US$750 million of debt and ended the year with a strong cash balance of US$1.9 billion.”Arconic reported: "Revenue in 2016 was US$12.4 billion, essentially flat year over year, as the positive impact of acquisitions and higher volumes for aerospace and automotive markets were offset by the Tennessee packaging ramp down and the negative impact from metal pricing, foreign currency exchange rate fluctuations, and price and product mix."The Engineered Products and Solutions segment (including Aerospace Fasteners and the Fastening Systems and Rings business) increased 2016 revenue by 7% to US$5.7 billion. Adjusted EBITDA improved 8% to US$1.2 billion. Klaus Kleinfeld commented: “In 2017 we are squarely focused on operational improvements, margin expansion, and capital efficiency to drive shareholder returns. We will continue to cut cost through productivity and corporate overhead reduction."News provided by Fastener + Fixing MagazineSource: www.fastenerandfixing.com

Exibition & Association News

By CFM ,2017-03-17 00:00:00

In the afternoon on Mar. 15th, the fourth session of the 2nd member’s congress of Zhejiang Fastener Industry Association (the 2nd session of the 4th member representatives congress of Haiyan County Fastener Industry Association) was held successfully on Haili New Century Grand Hotel Haiyan.Mr. Shen Jiahua, president of Zhejiang Fastener Industry Association, Jiang Wenguo, president of Haiyan County Fastener Industry Association and other leaders of government of Haiyan County attended the conference. Mr. Jiang Wenguo, vice president of Zhejiang Fastener Industry Association presided over the conference.Based on the conference agenda, the conference confirmed the main tasks in 2017 and passed the Report on 2016 Work Summaries and 2017 Work Plan. In 2017, the association will focus on the development plan. What’s more, the meeting passed the report on annual financial statements of 2016 and annual budgets of 2017, and confirmed the membership dues will be charged according to the standard made on the first session of the 2nd member representative congress of Zhejiang Fastener Industry Association.The conference accepted the resignation requests of secretary-general Xu Deren and vice-secretary-general Jiang Guanrong and engaged them to be the association consultants of the Provincial Association. What’s more, Zhou Xueqin was appointed as the vice-secretary-general of the Provincial Association and Zhao Jiying as the vice-secretary-general of Haiyan County Fastener Association by way of vote by raising hands.President Shen Jiahua required all fastener companies to actively transform and upgrade their companies, to improve products and to follow the trend and guidance of government.During the Conference, 2017 Haiyan Fastener Press Conference was held at the same time. Leaders of Haiyan County made reports on the reformation, improvement and transformation of Haiyan fastener industry. What’s more, the report on the operation and cooperation mode of electronic commerce base of China’s fastener industry has attracted many people.The conference called upon all members to stick on the development strategy and to break a new ground.Source: Zhejiang Fastener Industry Association

By CFM ,2017-03-07 00:00:00

The 14th China (Ningbo) Fastener, Spring and Manufacturing Equipment Expo was being held in Ningbo International Trade and Exhibition Center from Mar. 3rd to Mar. 5th. The show was hosted by Ningbo Municipal Economic and Information Technology Committee & Ningbo Fastener Industry Association. Based on our reporter, the scale of the exhibition was smaller than that of the previous shows. The exhibitors were mainly fastener manufactory machines producers, and not so many end product producers came to the show. Spring manufacturers occupied a small proportion. Attendees were fewer versus the previous shows. Though the exhibition was smaller, it still attracted numerous big enterprises exhibiting at the show, including Zhejiang Yeswin, Ningbo Haixing, Jiangcai Machinery (Shanghai), Ningbo Sijin, Zhongshan Zhenyao, Dongguan Songwei, etc. These companies has showed tens of fastener manufactory machines. Shanghai Yuezhan, Ching Chan Machinery, Dongguan Rakecorp and other sorting machine manufacturers were showing their best products. Ningbo Qunli ,Wenzhou Jinbada and other screw manufacturers took part in the show. Shanghai Yuezhan Shanghai Jingcheng Dongguan Rakecorp Ching Chan Dongguan Songwei Zhejiang Yeswin Jiancai Machanical Equipment Reporters of Chinafastener.com came to the show with the latest issue of ChinaFastener Magazine. So many visitors came to get the magazine. See you all in other fastener exhibitions! Booth of ChinaFastener Magazine As we have mentioned, Ningbo is the city of fastener products. In 2016, the import and export output amount of the city totaled 279,900 tons, valued at USD 0.426 billion. The fastener market of Ningbo has a bright development prospect. Zhongguo Tenglong Wenzhou Jinbada  

Fastener News

By Financial Tribune ,2017-02-15 00:00:00

The Seventh Iranian Steel Market Conference opened in Tehran on Feb. 14. (Photo: Forough Alaei) Throughout history, the path to industrial development has been paved by steel industry. It has built up invaluable infrastructures, spearheaded technological development and spurred economic growth. For Iran, the steel industry is set to play an even more important role. After years of crippling sanctions, the country wants to get its industries back on track and streamline economic growth. This is while low oil prices have failed to boost revenues and drive the economy. The most potential alternative is the development of the mining sector, especially the steel industry. The Seventh Iranian Steel Market Conference, hosted by Donya-e-Eqtesad media group, opened in Tehran on Tuesday with exactly this aim in mind. It brought together a host of steel industry officials, local and foreign players and market analysts to follow up on last year’s post-sanctions excitement and clear the industry’s path to growth. The industry is currently grappling with various challenges on both foreign and local fronts. The Chinese steel armada is still strong and threatening global markets. While demand is growing slowly, the rise of protectionist trade policies is hurting the prospects of exporters. Domestic Targets, Challenges In Iran, the government is doing its best to reach the 55-million-ton steel production capacity goal envisioned in its 20-Year Vision Plan (2005-25). The goal’s achievability, however, is challenged by the downstream sectors' unbalanced supply of raw materials and the underdeveloped transportation infrastructure needed for boosting exports. Both require billions of investments, the procurement of which has proven to be the main bottleneck in post-sanctions Iran. Iranian speakers at the conference included the head of Iranian Mines and Mining Industries Development and Renovation Organization, Mehdi Karbasian; Minister of Industries, Mining and Trade Mohammad Reza Nematzadeh; former parliament speaker, Ali Akbar Nateq-Nouri; the head of Islamic Republic of Iran Railways Company, Saeed Mohammadzadeh; and the head of Iran Mercantile Exchange, Hamed Soltani-Nejad Managing director of Spain’s Sarralle group Javier Esquiroz; CEO of Italy’s Danieli Group Gianpietro Benedetti; the head of Germany’s SMS Group, Burkhard Dahmen; CEO of Austria’s INTECO, Harald Holzgruber; and Turkish Steel Exporters Association’s market analyst, Cihan Akedniz, were among the notable foreign participants. "The Iranian steel industry is now in its fifth decade. Ever since we started, the lack of balance [between raw material supply and steel production] was a concern for industrialists. The issue has now partly been resolved as a result of boosting mineral exploration and establishing a string of upstream plants,” said Karbasian, who is also deputy minister of industries, mining and trade. According to Nematzadeh, over the past four years, the industry’s pellet production capacity has grown 66% to 35 million tons, DRI capacity has risen 42% to 27 million tons and crude steel capacity is up 29% to 31 million tons. However, completely resolving the issue of raw material scarcity and realizing the 2025 steel expansion goals require close to $30 billion of investment, the attraction of which has been one the main goals pursued by industry players in post-sanctions Iran. Karbasian appeared confident that despite the challenges, the outlook is bright for growth in the steel industry. "Annual demand for steel in the Middle East and North Africa region is 71 million tons, while member countries only produce 36 million tons. Considering the potential of Iranian mines, the country’s gas reserves and its steelmaking capacity, we believe investing in Iran is going to be lucrative for [both local and foreign] investors,” he said. Karbasian noted that low gas prices and abundance of DRI means Iran has a competitive edge compared to other producers who use coal, the price of which has more than doubled in the last two years. Steel prices are also set to rise on the global scale. China has been forced to cut down its production capacity due to environmental issues. This is expected to reduce global supply and positively impact the markets and consequently Iranian exports. Iranian steelmakers exported more than 4.4 million tons of crude steel and steel products during the 10 months to January 19, registering a 45% growth compared with last year’s corresponding period. > Underdeveloped Transportation Sector "If we are to produce 55 million tons of steel under the current conditions of our transportation sector, it will be as if we first build a factory in the middle of Tehran and then wonder how to ship the products out,” said Saeed Mohammadzadeh, managing director of Islamic Republic of Iran Railways Company. During the 10 months of the current Iranian year (March 20-January 19), 66% of the country’s iron ore and coal production were transported via land, while railroad transportation accounted for only 28% of the total amount. Based on IRIR’s forecasts, 224 million tons of mineral products will be transported every year in Iran by the end of 2025. Mohammadzadeh noted that with the current rail infrastructure in place, only one-third of this figure will be transported using rail and this will inflict high costs on producers. In order to fix this deficiency, the government and the private sector must collaborate in developing the transportation sector by boosting investments, as IRIR’s revenues from duties on transportation are not sufficient for expansion plans. > The New Normal According to Gianpietro Benedetti, the CEO of Danieli Group, the global steel market has entered a “new normal” period and is set to remain balanced for at least the next two years. Steel markets around the world have a history of fluctuation with the emergence of new, major developments such as the Second World War, the collapse of Berlin Wall and the fall of the Soviet Union. The last major occurrence in recent times was the rise of China, which boosted global steel consumption by over a billion tons per year. "China is now in a flat situation with no [noticeable] up or down in consumption. Global quantity will not increase, prices will slightly improve and protectionist policies in different areas such as the US and the EU will become dominant. In our opinion, this new normal will stay on for quite some time,” said the Italian official. What can be done during the new normal period? According to Benedetti, the obvious answer is to improve product quality, increase value added and lower production costs, which is “very simple to say and very difficult to do”. And Iranian steel, with the relative advantages it boasts, can thrive in this environment. "[Iranian steel] is blessed by God. You have iron ore, energy and competitive [production costs]. Theoretically and practically, you are the one that can produce billets and slabs with lower costs. You could be 15% less expensive than the Chinese and 25% less than producers in the United States,” he said. Benedetti elaborated on Danieli’s operations in Iran and how it is striving to improve the productivity of Iranian plants. The Italian firm is currently cooperating with Khorasan and Mobarakeh steel companies to reduce their production times and costs. With Khorasan, improved types of wired rods, blooms and ingots are planned for production. With MSC, Danieli is set to establish a new production line to manufacture steel sheets with special aesthetical effects such as wood, brick and any other texture that clients require. Javier Esquiroz, the head of Sarralle group, also hailed the potential of Iranian economy for foreign investors. "You have a diversified economy, the largest gas reserves of the world, significant mineral reserves, as many engineers as the United States, an 80-million population, and an entrepreneurship tradition with an impressive startup community. These strengths, if managed, can generate high value-added for the steel industry,” said Esquiroz. Sarralle’s projects in the Iranian steel industry include setting up a smelting shop in South Kaveh Steel Company in Bandar Abbas, establishing electric arc furnaces and slab casters in Arvand Jahanara Steel Company in Khuzestan Province’s Abadan City, establishing a rolling mill for Arvand Kaveh Steel Company also in Abadan City, and setting up a smelting shop in Iran Alloy Steel Company in Yazd Province. Esquiroz added that Spanish banks have announced their complete readiness to finance projects in Iran. With such optimistic international partners, Iran is on the cusp of a breakthrough in steel growth and prosperity. Source: https://financialtribune.com

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