1. Home
  2. Steel Raw Materials
  3. Ferroalloys
  4. Iran’s Ferroalloy Market Outlook Report

Iran’s Ferroalloy Market Outlook Report

10,056€

  • TRY: 365,000 ₺

Ferroalloys are the most important consumables for steelmakers, used to remove impurities or produce steel alloys. Ferrosilicon, ferromanganese, and ferrosilicomanganese are some of the most commonly used ferroalloys. Ferrosilicomanganese, which contains both manganese and silicon, has a growing market ahead; the share of this ferroalloy in providing the manganese required in steelmaking is rapidly growing, en route to dominate the ferromanganese market among global steelmakers. Ferrosilicomanganese is more commonly used by steelmakers that produce steel from primary material. The ratio of ferroalloys used in Iran’s steel production will be significant.

Category: .

Product Description

With a GDP of $415 billion in 2019, Iran was the third largest economy in the region that year. While the country’s economy was steadily growing after the drop in 2012 due to the sanctions, it dipped once again in 2019 thanks to the return of the sanctions. With an annual crude steel output of 17 million tonnes, Iran is among the largest producers in the region. About 80% of the country’s crude steel has been produced using electric furnaces. The share of blast furnaces in total steel output has declined over the past years. Owing to the availability of cheap energy carriers such as gas, electric furnaces constitute the largest share of crude steel capacity development; the number of operating blast furnaces is small compared to electric furnaces.

Market drivers of Iran’s ferroalloys

The quality and volume of ferroalloy output depend on steel output as steelmakers account for 85% of total ferroalloy purchase. Given the goals set for steel output in the Iran Vision 2025, there is hope that other industries supporting the steel industry will continue to grow.

Steel alloying is another important application of ferroalloys among Iranian steelmakers. Thus, the growth in the alloy steel market can drive demand for ferroalloys.

Electrical power is necessary in the production of ferroalloys; as electricity prices increase, the profit margin of ferroalloy producers shrink, leading to challenges in production. Energy prices for industries are expected to be determined by global prices; in that case, development in Iran’s ferroalloy industry will be rendered impossible.

Overview of Iran’s ferroalloy market

The trade balance of Iran’s ferrosilicon was in negative territory in some years, when demand was met through imports. However, since 2014, when domestic output was ramped up and exports became increasingly attractive, trade balance has improved. Currently, due to the abundant reserves of silicon ore in Iran, the country is a major producer and exporter of ferrosilicon in the region. Ferrosilicon is the only ferroalloy that the country does not need to import; all raw materials including coke, coal, and high-grade silicon ore are available to producers.

While Iran has rich reserves of silicon and chrome ore, the country’s manganese reserves are not well-suited to the production of ferromanganese. Given the limited reserves of high-quality manganese in the country and the tight availability of raw materials for ferromanganese producers, steelmakers are forced to import part of the industry’s requirements. Thus, trade balance will be tipped towards net imports.

The trade balance of ferrosilicomanganese in Iran has been negative over the past years. Despite the availability of raw materials, exports have underperformed and producers are facing more issues in getting a firm foothold in the market. Due to the higher prices of domestic products compared to imports, many consumers prefer to use imported products. Therefore, trade balance is expected to remain negative over the coming years.

Breakdown of Iran’s ferroalloy market

Iran’s ferroalloy market is analyzed based on type, including ferrosilicon, ferromanganese, ferrosilicomanganse, ferrochrome, ferromolybdenum, and ferrosilicon magnesium. More specifically, the ferrosilicon market is divided into high- and low-grade material, while ferromanganese and ferrochrome are analyzed according to carbon content (i.e., high- and low-carbon). Moreover, in addition to product type and material, other factors such as applications and consumption are also taken into account. The applications of ferroalloys generally fall into three categories: to remove impurities in steelmaking, to produce alloy steel and to produce iron and steel cast parts.

Key players in Iran’s ferroalloy market

  • F.I (IRAN FERROALLOYS INDUSTRIES CO).
  • Faryab mining CO
  • KSC
  • HOSCO
  • MSC

Additional Information

Industry

Ferro Alloy Consumables, Ferro Manganese, Ferro Molybdenum, Ferro Silicomanganese, Ferro Silicon, Other Ferro Alloys
Region

Iran
Report Type

Industry Report

Specifications

Report Attribute Details
The base year for estimation 2020
Historical data 2009-2019
Forecast period 2020-2025
Quantitative units Value in USD and Volume in Tonne
Report coverage Market Overview, Dynamics, Market Outlook, Risks to Forecast, Consumer Market, Industry Overview, Market Landscape, Competitive Landscape, Market Attractiveness, External Macro Environment Analysis
Segments covered Source, Composition, Type, Application
Pricing and purchase options Please explore our purchase options to meet your exact research needs.

Reasons to Buy

  • Recognize the geographical distribution of import demand
  • Identify the current and future key players of the trading market
  • Achieve a better insight on potential target markets
  • Understand the behavior of major suppliers/customers either globally or regionally
  • Identify competitors as a feed for market analysis

Table of Content

  1. Executive summary
  2. Introduction
    • Objective
    • Market under study
    • Product
      • Product specifications
      • Consumption structure
        • Applications
        • Physical properties
      • Subjects discussed
      • Geographical scope under study
      • Study timeframe
      • Study currency
      • Potential audience
  1. Market dynamics
    • Market drivers
    • Restraints
    • Opportunities
    • Challenges
  2. Market overview
    • Market size
    • Industry capacities
      • Existing capacities
        • Capacity distribution
        • Geographical distribution of capacities
      • Future capacities
    • Output
      • Output trends
      • Operating rates
    • Consumption
      • Consumption trend
      • Consumption Share of domestic product
    • Trade
      • Exports
      • Imports
      • Trade balance
      • Market balance
    • Market breakdown by product type
    • Market breakdown by product type
    • Market breakdown by application
    • Inventory
      • Producers inventory
      • Consumers inventory
      • Traders inventory
  1. Market outlook
    • Market factors
      • Raw materials
      • Costs and prices
      • Competition
      • The government
      • Other factors
    • Future scenarios
    • Risks to forecast
  2. Consumer markets
    • End-user markets
      • Building construction
      • Infrastructure construction
      • Transportation manufacturing
      • Industrial equipment manufacturing
      • Durable goods manufacturing
      • Consumable goods manufacturing
    • Direct consumer markets
      • Major Direct consumers
        • Existing capacities
        • Drivers
  1. Export potentials
    • Destinations
      • Trade and insurance costs
      • Import market suppliers
      • Producers potential share
  1. Industry overview
    • Raw materials
      • The supply volume of raw materials
      • Supply channels of raw materials
      • Raw materials procurement costs
    • Cost structure of producers
    • Production cost curve
    • Industry value added
    • Generated new scrap
    • Technology
  2. Market landscape
    • Domestic sales markets
      • Pricing in the domestic market
      • Potential domestic demand
      • Trade agreements for imports
      • Foreign suppliers
    • Foreign sales market
      • Prices
      • Potential markets overview
      • Trade agreements for exports
      • Foreign customers
  1. Competitive landscape
    • Producers
      • Company profile
      • Revenue structure
      • Gross profit margins
      • Capacity, output and sales
    • Consumers
      • Company profile
      • Revenue structure
      • Gross profit margins
      • Capacity, output and sales
  1. Market attractiveness
    • Industry rivalry
    • Threat of new entrants
    • Threat of substitutes
    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Conclusion of Porter analysis
  2. PESTEL analysis
    • Political factors
    • Economic factors
    • Social factors
    • Technology factors
    • Environmental factors
    • Legal factors
  3. SWOT analysis
    • Large-scale companies with favorable conditions
      • Short-term strategies
      • Long-term strategies
    • Large-scale companies with unfavorable conditions
      • Short-term strategies
      • Long-term strategies
    • Small enterprises with favorable conditions
      • Short-term strategies
      • Long-term strategies
    • Small enterprises with unfavorable conditions
      • Short-term strategies
      • Long-term strategies

List of Figures

  1. Output and consumption; 2009-2019
  2. Market share of product applications; 2019
  3. Market surplus; 2019-2025
  4. Process flowchart
  5. Market size; 2009-2025
  6. Existing capacity; 2009-2019
  7. Capacity distribution; 2019
  8. Geographic distribution of capacities; 2019
  9. Development of future capacity; 2009-2025
  10. Amount of output; 2009-2025
  11. Operating rates of production plants; 2009-2025
  12. Amount of consumption; 2009-2025
  13. Consumption share of domestic product; 2009-2025
  14. Exports of product; 2009-2019
  15. Imports of product; 2009-2019
  16. Historical trade balance; 2009-2019
  17. Future Market balance; 2019-2025
  18. Market output breakdown by alloy type; 2009-2025
  19. Market consumption breakdown by alloy type; 2009-2025
  20. Market balance breakdown by alloy type; 2009-2025
  21. Market output breakdown by product type; 2009-2025
  22. Market consumption breakdown by product type; 2009-2025
  23. Market balance breakdown by product type; 2009-2025
  24. Market consumption breakdown by application; 2009-2025
  25. Inventories of raw materials and products at producers factories; 2009-2019
  26. Consumers’ inventory of product; 2009-2019
  27. Traders’ inventory; 2009-2019
  28. Production forecast, according to raw materials and sales analysis; 2019-2025
  29. Market surplus; 2019-2025
  30. The share of end-user industries in the consumption; 2009 and 2019
  31. Changes in the end-consumption of extrusion products; 2019 vs 2025
  32. Applications in building construction industry; 2019
  33. Applications in infrastructure construction industry; 2019
  34. Applications in transportation manufacturing industry; 2019
  35. Applications in industrial equipment manufacturing industry; 2019
  36. Applications in durable goods manufacturing industry; 2019
  37. Applications in consumable goods manufacturing industry; 2019
  38. Capacity distribution structure of direct consumers; 2019
  39. Existing capacities of direct consumers in each province; 2019
  40. Suppliers of the export potential destination; 2019
  41. Historical exports to the export potential destination and future potential; 2016-2025
  42. Up-stream domestic supply; 2009-2019
  43. Raw materials domestic supply; 2009-2019
  44. Supply channels of producer plants
  45. Spot price of raw material in the market; 2009-2025
  46. Cash cost structure for production the product; 2019
  47. Production cost curve of the plants; 2019
  48. Gross value added of the industry; 2009-2019
  49. Generated new scrap; 2009-2019
  50. Sales channels
  51. Realized price of the product in the market; 2009-2025
  52. Potential demand of each province; 2019
  53. The main foreign suppliers to the market; 2009-2019
  54. FOB price vs domestic market; 2009-2025
  55. Map of global major importers > 20,000t; 2019
  56. Major foreign customers; 2009-2019
  57. Revenue structure of the producers; FY2019
  58. Sales income and gross profit margin of the producers; FY2009-2019
  59. Output and sales of the producers; FY2009-2019
  60. Revenue structure of the consumers; FY2019
  61. Sales income and gross profit margin of the consumers; FY2009-2019
  62. Output and sales of the consumers; FY2009-2019
  63. SWOT matrix for large-scale companies with favorable conditions
  64. Strategies positioning for large-scale companies with favorable conditions
  65. SWOT matrix for large-scale companies with unfavorable conditions
  66. Strategies positioning for large-scale companies with unfavorable conditions
  67. SWOT matrix for small enterprises with favorable conditions
  68. Strategies positioning for small enterprises with favorable conditions
  69. SWOT matrix for small enterprises with unfavorable conditions
  70. Strategies positioning for small enterprises with unfavorable conditions

Related Reports