News List

Chinese Import Surge Drives Up Iron Ore Prices

The outset of 2024 witnessed a robust beginning for the iron ore market, primarily propelled by escalating prices and substantial imports by China. Amidst the landscape of iron ore futures, numerous investors harbored optimism, anticipating sustained demand bolstered by China’s extensive stimulus measures, given its status as the world’s largest purchaser of ore. Iron…

Successful completion of the first electric arc test in Shadegan Steel Industry Co

Following the stages of launching the steel making unit of Shadegan Steel Industry Company, the first melting of the electric arc furnace was successfully completed on February 14, 1402.‎ ‎According to Public Relations of Foolad Sanat Shadegan، at this stage، more than 80 tons of molten steel in the first hot test furnace and…

Nippon Steel Cuts CO2 Emissions by 33% with Hydrogen Injection Technology

In an unprecedented accomplishment, Nippon Steel, Japan’s leading steel producer, has slashed CO2 emissions by 33% in its blast furnace using hydrogen injection technology. This innovation marks a significant step towards sustainable steel production and a greener future. In a groundbreaking feat, Nippon Steel, Japan’s leading steel producer, has slashed CO2 emissions by an…

Unveiling of Electric Arc Furnace Transformer in Zanjan

‎Iranian engineers in Zanjan for the first time in Iran built ‎the electric arc furnace transformer. The transformer of electric arc furnace as the new product of Iran Terasfo Company,being produced by domestic engineers and relying on domestic ability, ‎‎was unveiled with the presence of the vice president for science, technology and knowledge-based economy.‎…

 Iran’s apparent steel consumption in 10 months of the current year/3.6% increase

‎According to the statistical report of the steel association in 10 months of this year, the apparent consumption of middle steel (billet, bloom and slab) reached 20 million and 780 thousand tons.‎ ‎In the middle steel sector, 12 million and 581 thousand tons of billet and bloom apparent consumption  and 8 million and 199…

Turkiye imported ferrous scrap prices decouple from Asian offers. Know why?

It seems Turkiye, the largest ferrous scrap importer, is no longer driving prices in this domain. Its prices were traditionally followed by the three heavyweight importers — India, Pakistan and Bangladesh. Data maintained with BigMint reveals that Turkiye has increasingly become decoupled from South Asian scrap buyers while Bangladesh is emerging as a driving…

Annual production of mining machinery &road construction rises 100%

 Manufacturing of road construction and mining machinery in Iran has increased by 100 percent in the previous Iranian calendar year 1401 (ended on March 20), an official with the Industry, Mining, and Trade Ministry said. Speaking at the fourth National Event on Knowledge-based Industry on Thursday, Mohammad Mousavi, the deputy minister for heavy machinery…

How to produce green steel from aluminum’s red mud

Scientists at the Max-Planck-Institut for Eisenforschung, a centre for iron research, have shown how green steel can be manufactured from aluminium production waste in a relatively simple way. In a paper published in the journal Nature, the researchers point out that the feasibility of their technique relies on the fact that the production of…

Czech steel industry unprepared for EU decarbonisation

Experts polled by the Czech News Agency (CTK), also agreed that the state lacks green electricity, hydrogen and other resources – all elements necessary to meet EU plans to be carbon neutral and effectively achieve net-zero greenhouse gas emissions by 2050 The Czech steel industry is unprepared for decarbonisation, not only technologically but also…

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