1. Home
  2. Steel Raw Materials
  3. Iron Ore & Pellet
  4. Iran’s Ferrous Scrap and Waste Market Outlook Report

Iran’s Ferrous Scrap and Waste Market Outlook Report

10,027€

  • TRY: 365,000 ₺

Ferrous scrap includes steel and iron scrap that is either produced during fabrication (new scrap) or when end-of-life products are scrapped (old scrap). Regardless of how it is produced, there are different types of scrap including heavy melting scrap, light-weight scrap, black sheet, busheling, and turnings. Demand for heavy melting scrap, which contains more steel and iron, is stronger. Ferrous scrap is mainly used by crude steel producers in Iran, but other operations such as cast parts manufacturers and ferroalloy producers also use ferrous scrap.

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. Iran’s massive iron ore reserves have been strong drivers of developments in the iron and steel industry; the country is the largest producer of iron ore in the region. Steel output in Iran has increased significantly over the past years; the country was the tenth largest producer on a global scale in 2019.

Market drivers of Iran’s ferrous scrap

Owing to the increasing industrialization, the share of the manufacturing sector in Iran’s economy has increased. As the production of finished products (such as cars and home appliances) increases, end-of-life scrapping will also increase, pushing up the supply of ferrous scrap in the domestic market. Along with industrial development, demand for steel as the most commonly used industrial metal will grow. This will drive the production of steel and consequently boost demand for scrap.

Iran is planning to ramp up crude steel capacity to 55 million tonnes by 2025. However, forecasts suggest a supply deficit of iron ore, the main raw material used to produce crude steel in Iran. Thus, demand for ferrous scrap as substitute for sponge iron will strengthen.

Overview of Iran’s ferrous scrap market

About 10% of Iran’s total crude steel output is accounted for by the remelting and recycling of scrap. The country is considered an importer of ferrous scrap, but as sponge iron projects came online earlier than expected, the market is facing oversupply and ferrous scrap imports have declined. However, imports are expected to increase again once steelmaking projects are completed and demand for sponge iron strengthens. Even then, since the steel industry in Iran is planned based on sponge iron, replacing it with scrap will be costly; thus, the share of scrap in crude steel output is not expected to increase significantly. As a result, net imports are not likely to increase noticeably.

Breakdown of Iran’s ferrous scrap market

Iran’s ferrous scrap market can be broken down using three factors. In the first breakdown, ferrous scrap falls into old and new scrap based on origin; scrap produced during fabrication is called new scrap, while scrap from end-of-life goods is known as old scrap. The second factor divides ferrous scrap into heavy melting scrap, light-weight scrap, black sheet, busheling, and turnings. Finally, in the third breakdown, ferrous scrap is categorized based on its applications and consumers, including producers of crude steel, ferroalloys, and cast parts.

Key players in Iran’s ferrous scrap market

  • Iran Alloy Steel Company
  • Aras Steel
  • Abangan Group
  • NoAvaran Sabz Ehya

Additional Information

Industry

Steel Scrap
Region

Iran
Report Type

Industry Report

Specifications

Report Attribute Details
The base year for estimation 2021
Historical data 2011-2020
Forecast period 2021-2026
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
    • Supply Market
      • 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
    • Supply
      • Supply trends
      • Efficiency rates
    • Consumption
      • Consumption trend
      • Consumption Share of domestic product
    • Trade
      • Exports
      • Imports
      • Trade balance
      • Market balance
    • Market breakdown by application
    • Inventory
      • Supplier inventory
      • Consumers inventory
  1. Market outlook
    • Market factors
      • Costs and prices
      • Competition
      • The government
      • Other factors
    • Future scenarios
    • Risks to forecast
  2. Consumer markets
    • Direct consumer markets
      • Capacity of Consumer Market
      • Consumer Market Operation
      • Trade of Consumer Market Products
      • Consumer Market Factors
      • Forecast of Consumer Market
  1. Export potentials
    • Destinations
      • Trade and insurance costs
      • Import market suppliers
      • Producers potential share
  1. Available EOL Scrap
  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
    • Consumers
      • Company profile
      • Revenue structure
      • Gross profit margins
      • Capacity, Supply 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
    • Short-term strategies
    • Long-term strategies

List of Figures

  1. Supply and consumption; 2011-2021
  2. Market share of product applications; 2021
  3. Market surplus; 2021-2026
  4. Process flowchart
  5. Market size; 2011-2026
  6. Amount of supply; 2011-2026
  7. Efficiency rate; 2011-2026
  8. Amount of consumption; 2011-2026
  9. Consumption share of domestic product; 2011-2026
  10. Exports of product; 2011-2021
  11. Imports of product; 2011-2021
  12. Historical trade balance; 2011-2021
  13. Future Market balance; 2021-2026
  14. Market consumption breakdown by application; 2011-2026
  15. Inventories of suppliers; 2011-2021
  16. Consumers’ inventory of product; 2011-2021
  17. Production forecast, according to supply and sales analysis; 2021-2026
  18. Market surplus; 2021-2026
  19. The share of end-user industries in the consumption; 2011 and 2021
  20. Changes in the end-consumption of products; 2021 vs 2026
  21. Capacity distribution structure of direct consumers; 2021
  22. Existing capacities of direct consumers in each province; 2021
  23. Suppliers of the export potential destination; 2021
  24. Historical exports to the export potential destination and future potential; 2016-2026
  25. Sales channels
  26. Realized price of the product in the market; 2011-2026
  27. Potential demand of each province; 2021
  28. The main foreign suppliers to the market; 2011-2021
  29. FOB price vs domestic market; 2011-2026
  30. Map of global major importers > 20,000t; 2021
  31. Major foreign customers; 2011-2021
  32. Revenue structure of the consumers; FY2021
  33. Sales income and gross profit margin of the consumers; FY2011-2021
  34. Supply and sales of the consumers; FY2011-2021
  35. SWOT matrix
  36. Strategies positioning

Related Reports