Steel prices today increased to 5,537 yuan / ton on the Shanghai Exchange. In Iran, iron ore concentrate production in the first five months of the current year increased by 4% compared to the same period last year.
Steel prices go up today
Steel prices today January 2022 delivery on the Shanghai Exchange increased 42 yuan to 5,537 yuan/ton at the time of the survey at 10:00 am (Vietnam time).
| Type name | Period | September 22 | Difference from yesterday |
| Copper price | Delivered in October 2021 | 68.850 | -550 |
| Zinc price | Delivered in October 2021 | 22.700 | -60 |
| Nickel price | Delivered in October 2021 | 144.620 | -70 |
| Silver price | Delivered in December 2021 | 4.859 | -14 |
| Steel price | Delivered in January 2022 | 5.537 | +42 |
Futures price list of some metals on the Shanghai Exchange (Unit: yuan/ton). Summary: Thao Vy
Iron ore concentrate production in Iran in the first 5 months of the current year (March 21, 2021 to August 22, 2021) has increased by 4% compared to the same period last year (Iranian calendar year 1399, ending on March 20, 2021.
Iron ore chart at Shanghai exchange (Source: Shfe)
According to data provided by the Iran Mining Industry Development and Innovation Organization (IMIDRO), the country’s top 10 iron ore concentrate producers produced 21,195 million tonnes of the product during the first five-month period. year.
Meanwhile, the figure was 20,373 million tons during the same period last year.
Data from the Ministry of Industry, Mining and Trade shows that, in the last month of last year (February 19, 2021 to March 20, 2021), iron ore concentrate production was 3,533 million tons.
Overall in the old calendar year, the total production of iron ore concentrate in this country reached 49,714 million tons, up 5% from 47,306 million tons in the previous year (1398 according to the Iranian calendar).
Also last year, Iran’s major miners also produced 902,454 tons of granular iron ore, down 54% from 1,965,733 tons the year before.
Photo: Bloomberg
In its outlook plan for the calendar year 1404 (2025-2026), Iran has projected to produce 55 million tons of steel per year and to achieve this goal, Iran needs to mine 160 million tons of iron ore.
In an effort to prevent the export of unprocessed minerals, create more added value and meet the requirements of domestic producers for raw materials, Iran has imposed a 25% tax on mineral exports. crude products, especially iron ore, since September 2019.
The move is intended to encourage mills to produce more processed minerals, typically pellets and crystals, instead of selling raw minerals.
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