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Friday 16 August 2013

Iran Metals Report Q4 2013:Materials & Chemicals Market Research Reports

Materials & Chemicals Market Research Reports
 
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Iran Metals Report Q4 2013
Aug 14th 2013, 00:00, by rnrmahesh

The outlook for Iran’s steel sector remains poor; however, there are a few signs of light given the election of Hassan Rouhani and possible moderation in tone towards the West. On the whole, however, we are far from sanguine given our bearish outlook for steel prices and the fact that any rapprochement with the West, if indeed it happens, will be drawn out and not have a significant impact in the near term. We note with scepticism, Iran’s plans to increase its steel capacity from 20mn tonnes per annum (mntpa) to 55mntpa by 2025, as well as a tripling of …

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