News List
The plans of Azerbaijan Steel company to reduce ‘cost prices’
According to the Public Relations of the National Iranian Steel Company, quoting the Public Relations of Imidro, Managing Director of Azerbaijan Steel Company announced the company’s plan to reduce the ‘cost prices’ of its products. Mikaeel Azimi, stated: part of these plans will be realized with the cooperation of knowledge-based companies, the…
1.1 billion $ investment in development and infrastructure projects in the mine & mineral industries
According to IRNA’s economic correspondent, the investments made in the mine & mineral industries sector caused the employment of 2,682 people directly and 7,430 people indirectly. Iran’s relationship expansion with the BRICS and Eurasian countries is one of the trade promotion policies of the Ministry of Industry, Mine&Trade that increases foreign exchange income…
Aghajanlou: without the presence of the private sector , attaining the goals of the mining sector is not possible
The Chairman of the Executive Board of Directors of Imidro stated: Achieving the goals of the mining sector in the Seventh Development Plan is not possible without the presence of private sector. According to Imidro’s Public Relations, Mohammad Aghajanlou, in a meeting including the members of the Iranian Youth House of Industry, Mine& Trade,…
Turkey reduced rebar exports by 28.3% y/y in October
In October 2024, Turkish steel enterprises reduced rebar exports by 28.3% compared to the same month in 2023, to 206.26 thousand tons. This is evidenced by preliminary data from the Turkish Statistical Institute (TUIK), Kallanish reports. Export shipments of rebar fell by 37.3% compared to September. The average registered price in October amounted to…
Iran steel output grows 0.6% in first 10 months of 2024: WSA
Iran’s crude steel production reached over 25 million tons in the first 10 months of 2024, marking a 0.6% growth compared to the same period last year, according to the latest report by the World Steel Association (WSA). In October 2024, Iran produced 3 million tons of crude steel, contributing to its total output…
Scrap prices declined in November in most key markets
The global scrap market showed a decline in prices in most key regions during November 1-25, 2024. In Turkey, supply fell to its lowest level in 2 years, while in the US it fell by 3.6%. The European market was characterized by multidirectional trends, where stagnation prevailed in general. In China, quotes fell by…
National Iranian Steel Company’s plan / using thermal coal to produce the reduction gas
Managing Director of National Steel Company declared: we are planning to use thermal coal in order to produce reduction gas in sponge iron production units. According to the Public Relations of the National Iranian Steel Company, quoting the Public Relations of IMIDRO, , Mohammad Ghobadi on the sidelines of the METAFO exhibition stated:…
India’s iron ore demand doubles
By 2030 India is on the verge of emerging as the world’s third-largest economy. The country, which is the world’s second-largest steel-producing, is set to achieve significant growth by 2030, supported by strong economic development. According to Iran Steel, India’s steel demand is expected to increase mainly by the construction and infrastructure…
Iran steel output hits over 12 million tons in 7 months
The Iranian Steel Producers Association (ISPA) announced that the country’s total production volume of steel products reached 12.847 million tons in the first seven months of the current Iranian calendar year (started Mar. 21). The association added that more than 6 and 5 million tons of long- and flat steel sections were produced in…
Central Alborz Coal company/ registering new production records through passing difficult days
The Central Alborz Coal Company, the first and oldest coal company in the country with about a century of history, has recorded several decades of experience in the surge of production, job creation, development and training, and the supply of experienced specialists and managers to the related and mining fields of the country. Over…
