×

Warning

JUser: :_load: Unable to load user with ID: 444

Metalsnews: A close study of latest data released by the Ministry of Industries, Mining and Trade on the production of 55 selected industrial, mineral and petrochemical products during the two months ending May 21 shows growth in the production of 34 products year-on-year.

According to a report in Financial Tribune’s sister newspaper Donya-e Eqtesad economic daily, from among the 13 products in the mineral production sector selected for analysis, eight of them registered growth. Notably, crude steel and steel products, sheet glass, porcelain sanitary fixtures, and tile and ceramic had the highest rise in production.

A year-on-year 38% and 35% growth in the production of crude steel (4.18 million tons) and sheet glass (133,900 tons) were also registered respectively.

Some 12,500 tons of porcelain sanitary fixtures were produced during the two months, 33% up year-on-year.

Production of steel products stood at 3.47 million tons, rising 28% YOY.

The tile and ceramic sector expanded 24%, with 35.96 million square meters having been produced over the period.

Production of glass containers, copper cathode, cement, aluminum bars and coal concentrate declined by 20.4%, 9.1%, 5.7%, 4.9% and 3% respectively.

In the industrial sector, bus and minibus production had the highest growth as 278 vehicles were produced during the two months, up by 79% YOY. It was followed by combine harvesters with 101 vehicles, up 66% YOY; tractor (2,149 units) and industrial soot (17,400 tons), up 29.5% and 22% respectively YOY; and washing machines (94,400 units), up 20% YOY.

A total of 7,700 pickup trucks were produced, which registered a 34% decline YOY.

According to the report, the removal of international sanctions against Iran over its nuclear energy program was the main reason behind growth in this category.

Refined industrial motor oil had the biggest drop in production among the 30 selected products in this category. Some 30,500 tons of motor oil were produced, down 51% YOY.

Lower demand led to a fall in carton production that reached 35,400 tons, down 25% YOY. Evaporative coolers and electric motors each showed a 24% and 16% decrease in production respectively.

In the petrochemical sector, from among the selected 13 products, 10 of them saw growth, with the top four being styrene butadiene rubber, polystyrene, polyvinyl chloride and ammonia.

Some 10,000 tons of SBR, 44,000 tons of PS, 91,000 tons of PVC and 697,000 tons of ammonia were produced during the two months, indicating a 104%, 41%, 24% and 15.4% growth respectively.

Three products, namely polybutadiene rubber, acrylonitrile butadiene styrene and polypropylene, witnessed a decline in production by 48%, 28% and 10% respectively.

 

Source: Financial Tribune

  • Latest News
  • Most Popular

 


 

Hot events

  • Iran Alloy Steel Company; the Pioneer of Production

    Iran Alloy Steel Company is the first producer of alloy steel in Iran. This company posse one of the most equipped and modern plants in alloy steel production business and is capable of exporting its products to many developed countries such as Europe. Mohammad Ebrahim Ghadirian, CEO of the company…
    read more...
  • Foulad Nab Tabriz; Pioneer of Iran’s Steel Industry

    Foulad Nab Tabriz Company as a pioneer of the steel industry in the private sector was established in 2003 by Iranian-Turkish joint venture in the city of Tabriz in order to benefit from economic and industrial potentials of both countries. Preparation and foundation operations started in the beginning of 2004…
    read more...
  • Automobile with Iranian Galvanized Roll

    Galvanized roll has a lot of usage in different industries due to unique properties and also high resistance against corrosion. One of the largest consumers of this roll is automotive industry. In this regard, a factory for production of galvanized roll for coachbuilding has been built in Sefid Dasht region,…
    read more...
  • Iran Alumina Company Plan for 40 Years Activity

    Iran Alumina Company as the first producer of three strategic products "metal grade alumina", "aluminum hydroxide" and "alpha alumina" in the Middle East is active in Jajarm region in North Khorasan province activities and with the goal to complete the value chain in the region, have implemented the plan for…
    read more...
  • Foulad Nab Tabriz, a Pattern for Iranian-Turkish Joint Investments

    Foulad Nab Tabtiz has been establish by Iranian and Turkish partners and has an excellent track record in supplying Iranian domestic market demand for steel profiles in its ten years of successful production. Çetin Kaya the head of iron and steel division of NAB Holding, the Turkish partner, believes that…
    read more...

Featured photos and videos

cache/resized/51adbdd94931bdcb1a8ef1841da04dfc.jpg
Metalsnews: Tehran Stock Exchange’s main index
cache/resized/cdbe286b92a35bcb4dad20ea73e3cf9b.jpg
Metalsnews: Tehran will be hosting the first
cache/resized/1296da1a455681ec5641a3b1da70140c.jpg
Metalsnews: Close to one-third of Tehran Stock
cache/resized/7560e056d49a4d1f83da8e81839cb857.jpg
Metalsnews: Tehran Stock Exchange’s main index
cache/resized/8c711f2afd9cab0cfc1ac0abd63e7af2.jpg
Metalsnews: For the fifth time, Iran
cache/resized/d15e1c010117a9ad07cb1f7058fd9dae.jpg
Metalsnews: When Iran signed its landmark deal
cache/resized/51fdeda5cccd26ecb69edd0f11a16243.jpg
Metalsnews: About 2,100 tons of zinc ingots
cache/resized/5d50036f477830320ce4997a28c61877.jpg
Metalsnews: Tehran Stock Exchange’s main index
Template Settings

Color

For each color, the params below will give default values
Black Blue Brow Green Cyan

Body

Background Color
Text Color
Layout Style
Select menu
Google Font
Body Font-size
Body Font-family