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Overview of the Iranian Iron and Steel Markets

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Overview of the Iranian Iron and Steel Markets 18th Middle East Iron and Steel Conference Dubai, U.A.E - 8 - 10 December 2014 Overview of the Iranian Iron and Steel Markets Dr. Mehdi Karbasian (Deputy Minister and Chairman of IMIDRO) Iran Mines and Mining Industries Development and Renovation Organization December 2014 Final Version About IMIDRO (Iran Mines and Mineral Industrial Development and Renovation Org) • IMIDRO Established 12years ago by merging the Ministry of Mines and 2014 / 12 Metals and Ministry of Industry to reduce Government size and bureaucracy. / Our Mission is to develop and support Mine and Mining Industries Projects 07 and companies in Iran. 69 Project Constructed (Mining, Steel, Zinc, Copper, Aluminum, Gold , Infrastructure…) History 17 B$ Investment 70.000 Jobs created 29 project under development IMIDRO Future Total Current investment of 9B$ )Steel, Zinc, Copper, Aluminium, Gold, Magnesium…) IMIDRO: Your gateway to Iran's mines and mining industries mining and mines Iran's to gateway Your IMIDRO: IMIDRO is a Governmental Organization and Ranked As a Developing Organization in Iran by Law. 2 Iron Iron of Chain Supply and Steel Sector in Iran in Sector Steel and 3 IMIDRO: Your gateway to Iran's mines and mining industries 07/12/2014 Iron and Steel Sector in Iran 2014 IRAN Iron Ore / 12 / 14th in world Ranking, with a Reserve of 2.5 Billion Tons 07 Concentrate Iron Ore Lump and Fine Iron Ore Current Production: 24 Million Ton Current Production: 27 Million Ton Target for 2025: 66.2 Million Ton Export: 24 Million Ton Pelletizing Plant Pig Iron (BOF) Current Production: 21 Million Ton Current Production: 2.2 Million Ton Target for 2025: 82.8 million Ton Target for 2025: 5.9 Million Ton DRI (Direct Reduced Iron) Current Production: 16 Million Ton Target for 2025: 54.6 Million Ton Total Crude Steel Crude Steel from EAF Current Production: 16 Million Ton Current Production: 14 Million ton Target for 2025: 52 Million Ton industries mining and mines Iran's to gateway Your IMIDRO: Target for 2025: 46.1 Million ton 4 Due to availability of Nat Gas, More than 85% of steel production in Iran is based on EAF technology IMIDRO Strategies Focused on Development along 2014 / 12 / with competitiveness of Iran Mining Sector 07 Project Funding know-how and Support technology Productivity Marketing development support and Export To promote investment in development related International Projects To invest in Hi- Tech and Hi-Risk To increase mining sector of Mining activities in un- Business developed area of Iran To increase the share Human IMIDRO of Private sector in Resources industries mining and mines Iran's to gateway Your IMIDRO: Strategies on Mining and Development Mining Sector Infrastructure 5 2014 / 12 / Outlook for Iran Steel and DRI Consumption 07 Iran Steel Consumption 2025 – Different Scenario 47,000 • Middle East annual consumption of steel is 76 Million 46,341 nd 42,000 ton and with a share of 25%, Iran ranked 2 in Ton x Steel consumption in Middle East after Turkey (35%). 37,000 1000 • Recent studies shows Iran Crude Steel Consumption 32,000 will reach to more than 46 million ton in 2025. Additionally there are an export market 27,000 opportunities for 6 million ton mainly in Middle East 22,000 and EU countries which means Iranian Crude Steel Production could reach to 52 Million ton. Current DRI Capacity and additional Expansion till 2019 • Most of Projects up to that level defined and 60,000 currently under developments and there are many 50,000 investment opportunities for foreign investors on 40,000 those. 30,000 20,000 • Most of Steel making projects under development in 10,000 - Iran uses DRI-EAF technology. Current production of industries mining and mines Iran's to gateway Your IMIDRO: Saudi Iran UAE Qatar Oman Bahrain Iraq DRI in Iran is 16 million ton which will reach to Arabia number 1 in world ranking in production of DRI (56 2019 40000 1090 1289 80 40 1550 800 Million ton in 2025) 2012 16,000 5,660 2,720 2,420 1,460 6 Why Steel production in Iran is so competitive? Crude Steel production Cost Per Ton: 280-320 US$, Margin around 27% of Sales 2014 / 12 • Skill workers and Experienced Companies / 07 • Big Local Market =25% Middle East Iran Iron Ore Mines Shown in the map Access to Raw Materials • Big Consumption in Neighbors from Eastern and Northern • Suitable Road and Rail Network Neighbors with No direct • Suitable Infrastructure access to Sea (Afghanistan and CIS Countries) • Special Economic zone (Tax free) • Security is one of the best in Middle East Rich Iron Ore Mines in Eastern/Central Part- Open Pit - 2.7 Billion Ton of reserve South Pars Field, Afghanistan resources largest Nat gas Storage (1000 B$) and opportunity industries mining and mines Iran's to gateway Your IMIDRO: Iran has a Long Sea Border for Iran Chabahar as new raw material HUB 7 2014 / 12 / Outlook for Iron Ore Concentrate and Pellet (52 Million ton of Steel) 07 • Iranian companies already defined Supply/Demand Balance most of the steel projects to reach to Current Production projects Under Construction Total in 2025 Required Balance 52 million ton to supply demand in 160 2025. 140 138 • By considering above, there are still 120 116 un-balances in supply chain and 100 90 86 opportunity for definition of new 86 projects including up to 19 million 80 66 63 59 ton in Concentrate Iron ore. 58 57 60 56 • 37 Additionally, IMIDRO should increase 40 35 29 27 Iron Ore Exploration and up to 23 23 Million Ton of Exploitation. 20 4 2 0 For Exploration of new resources, IMIDRO will invest up to 500 Million US$ -20 19 - 23 in the next 5 years to define and finalize industries mining and mines Iran's to gateway Your IMIDRO: - new deposits. -40 8 Iron Ore Mine Reserve and Ownership • Iron ore exploitation grow by more 2014 than 6 times during the past 10 years MIDDLE EAST IRON ORE AND PELLET PRODUCTION / 12 / and reached to 51 Million Ton. - 2012 (MILLION TON) 07 Average grade for Iranian Iron ore is 50 Iron Ore Pellet 51% which 95% of them are mainly 46 Magnetite and mainly located in 45 Eastern Part of the country , Mainly in 40 Yazd , Kerman and Khorasan 35 Mine Production Costs: 16-25 US$/Ton Provinces. (one of the best practices in the world) 30 • Currently Iran operating 156 Iron Ore 25 mines)5% of them with a reserve 86% 20 19 of the country reserve controlled by 15 IMIDRO). 10 7.3 6.6 6 • IMIDRO Biggest mines are including: 4.4 5 2.8 1.8 0 0 Sangan with a reserve of 1.2 Billion Ton 0 0 (Ranked as 9th in the world) Iran Turkey Oman Bahrain kuwait Lebenan Qatar Gole Gohar with 1 Billion Ton (Ranked as 10th in the world) Chadormalu with 0.2 BillionTone industries mining and mines Iran's to gateway Your IMIDRO: 9 2014 / 12 / 07 Investment Opportunities and Incentives Iron and Steel Sector IMIDRO: Your gateway to Iran's mines and mining industries mining and mines Iran's to gateway Your IMIDRO: Exploration-Mining and Processing-Steel Plant and Related Products 10 Incentives for Foreign and Private Sector investment • IMIDRO is promoting foreign and private investment in the projects in Mining and Metal projects and has 2014 / 12 the following incentives for investors. / 07 • To support the project, IMIDRO is willing to participate as a partner for foreign investor, if required Incentives Mining Mine Mining Exploration projects Industries long term contract for Exploration, Extraction, Processing, Marketing Support for allocation of loan from Iran Oil Fund for part of investment Required permits from Authority long term contract for raw material supply Allocate Land in Special Economic Zone (Tax Free…) To Provide infrastructures required in SEZ Reserve Sharing Contract after Exploration Possible IMIDRO participation as shareholder in J.V Company IMIDRO: Your gateway to Iran's mines and mining industries mining and mines Iran's to gateway Your IMIDRO: Exploration Risk Insurance by Government FIPPA Coverage 11 Investment Opportunity for for Opportunity Investment Mine Exploration Mine 12 IMIDRO: Your gateway to Iran's mines and mining industries 07/12/2014 Exploration Projects and Opportunities for Partnership and Reserve Sharing Province Area Khorasan-Sangan 11500 Sistan –Baluchistan-Border line 15000 Ardebil Golestan Sistan –Baluchistan-Caravan 14300 South Khorasan-Border line 6116 Fars-Bahram Goor 5000 Piran Shahr Golestan Sangan Ardebil-Ghezelozan-Khalkhal 1351 N.Kordestan Yazd-Isfahan Kerman-Hormozgan-Sirjan 30000 Khorasan S.Kordestan Ardebil-Sabalan 1696 Yazd-Robat Border Kerman Shah Ardebil-Baghrodagh 874 Kohkelooyeh Yazd-Bafgh-Robat 10558 -Boyerahmad West Azarbaijan-Khoi-Maako 1218 West AzarbaijanTakab-Piranshahr 5135 Kerman Sistan-Balu Kohkelooyeh-Boyerahmad 1006 (Sirjan-Fariab) Border Total Area (Km2) 103754 Fars 3 years Planned Land Resource = 200,000 Km2 Bahram Goor Saravan Activities: Airborne hyper spectral sensors for geological projects Geology 50000 Km2 + Border area Wide: 20 Km Planned drilling for 2014: 100,000 Meter 13 Investment Opportunities Opportunities Investment in IMIDRO Mining Sector Sector Mining IMIDRO in 14 IMIDRO: Your gateway to Iran's mines and mining industries 07/12/2014 Investment Opportunity in Coal Mining and Related Processing Plant 2014 Area Reserve Proven Project Designed Invest. / 12 / Zone Million Reserve Capacity 07 Ton Parvade4 250 40 Mine Development+Related Equipment+a 450,000 101 M Euro Tabas Plant to produce Concentrate coal Concentrate Coal S.Khorasan Khomrood 100 31.5 Mine Development+Related Equipment+a 400,000 123 M$ mining and mines Kerman Plant to produce Concentrate coal Concentrate Coal an's Ir Savadkooh 50.5 10 Kordabad Mine Development+Related 230,000 37 M$ Mazandaran Equipment's Raw Coal Coking Coal Plant in Savadkooh 300,000 86 M Euro Coke IMIDRO: Your gateway to gateway Your IMIDRO: industries Total Investment in Coal mining and Related Processing Plant 400 M$ 15 Investment Opportunity in Steel and related Industries Plant Location Project Inves.
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