In the Iranian calendar year, from 21 March, 2019 to 20 March 2020, the total production of iron ore concentrates reached 47.306 million tons, an increase of 4% year-on-year. Meanwhile, the production of pellet totaled at 41.7 million tons.
In order to increase the added value of ore exports and meet the local steel producers' demand for steelmaking raw materials, Iran imposed a 25% tariff on the export of unprocessed iron ore from 23 September, 2019.
Iran's Ministry of Industry, Mine and Trade considered that the tariff policy could encourage miners to produce more processed ore such as pellets and concentrates instead of exporting raw ore.
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Trade Leads Directory -> All Trade Leads -> Mineral Products -> Ores, Slag & Ash -> Iran's Iron Ore Concentrate Production Rises 4% to 47.306 MT in FY2020
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