News List
The First Productivity Committee Meeting of the National Iranian Steel Company was held
Following the 11th Iran Mines and Mining Industries Productivity Award, the first NISCO’s Productivity Committee meeting was held. According to the public relations of the National Iranian Steel Company, the meeting was held attended by of the Managing Director, deputies, directors, experts of the company, as well as Alavi, company’s productivity advisor, as an…
South Korean Parliament Passes Law to Support Steel Industry / Continued Government Support Policies for Steelmakers
The South Korean government and parliament are actively supporting the domestic steel industry through legislative measures and financial aid. The “K-Steel” law mandates the development of comprehensive plans to enhance the industry’s competitiveness and facilitate the transition to carbon-neutral production, while additional government support includes financial assistance, innovation promotion, and export support to foster…
Iran produces 12.7m tons of steel products in 7 months
Iran produced 12.708 million tons of steel products in the first seven months of the current Iranian calendar year (September 23-October 22), Iranian Steel Producers Association (ISPA) announced.(Quoting Tehran Times) The Iranian Steel industry has been constantly developing over the past years against all the pressures and obstacles created by outside forces like the…
BMI expects iron ore prices to fall to $95/t in 2026
Analysts at research agency BMI predict that average iron ore prices will be $95/t in 2026, according to Kallanish. The forecast is driven by additional supply from the Simandou project in Guinea and persistently weak domestic demand in China. In the long term, BMI expects a multi-year downward trend in iron ore prices, which…
Steel exports from Turkey grew by 12.6% y/y in the first 10 months
Turkish steelmakers are boosting sales to foreign markets, increasing the share of exports in the market structure In January-October 2025, Turkish steelmakers increased steel exports by 12.6% compared to the same period in 2024, to 12.54 million tons. Export revenues rose to $8.49 billion (+4.1% y/y). This is according to data from the Turkish…
In the second hall this week, supply of foreign currency from the metal chain exports will be operational.
IMIDRO’s Chairman of the Executive Board of Directors announced: Regarding the bilateral agreement of the Ministry of Industry, Mine and Trade and the Central Bank, the supply of foreign currency from the country’s metal chain exports will be operational in the second hall this week.(Quoting IMIDRO) According to IMIDRO’s public relations, Mohammad Masoud Samiei…
Iron ore price inches higher on softer dollar, weak demand caps gain
Iron ore futures ended higher on Thursday, helped by a softer dollar, although gains were limited by falling China lump ore premiums that signalled weak demand for the steelmaking material. The most-traded January iron ore contract on China’s Dalian Commodity Exchange (DCE) inched 0.44% higher to 799.5 yuan ($112.92) a metric ton. The benchmark…
Air Production Unit in Miyaneh Steel Project launched
The compressed air production unit of the Miyaneh steelmaking project in order to meet the critical needs of various sections of this industrial complex was successfully launched and put into operation. This unit as one of the key infrastructure sections is responsible for supplying the compressed air required for the entire industrial site, as…
China’s steel supply pressure persists despite production dip
Global crude steel production declined by 2.1% in the first 10 months of 2025, but the downward price pressure exerted by overcapacity persisted as Chinese exports continued to rise. The latest data from worldsteel shows that production among steelmakers in the 70 countries monitored by the association was 1.52 billion tonnes. The modest decline…
A 240/320-ton overhead crane in the melting span of the steelmaking section of Miyaneh Steel Complex installed and launched
According to Nisco’s public relations, quoted by the public relations of Miyaneh Steel Complex, an overhead crane with a capacity of 240/320 tons was tested and launched in the melting span of the steelmaking unit of the complex. Abdi, caretaker of Miyaneh Steel Complex, during the crane’s launching process noted: “The overhead crane is…