News List
Engineer Aghajanloo emphesized on speeding up the financing of Kurdistan Steel by shareholders
The care taker of IMIDRO emphasized on the process of financing Kurdistan Steel co, in order to complete the development plans by the shareholders of this complex. Due to present the report on the financial situation and capital increase of Kurdistan Steel, a meeting was held in the presence of the shareholders of…
Vale says routine check revealed cracks in dam, stability unchanged
Brazilian miner Vale said on Saturday that it is conducting checks on a dam after a routine inspection identified surface cracks but noted that the structure’s stability conditions remain unchanged. In a securities filing, the company said the issue concerns the Forquilha III dam at the Fabrica iron ore mine, located in the city…
ICCIMA calls for participation of private sector in drafting budget bill
Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) has called on the government to ensure the participation of private sector representatives in the process of drafting the national budget bill for the next Iranian year (begins in late March 2025). As the ICCIMA portal reported, Members of the ICCIMA board of representatives gathered…
Iron ore price soars to over one-week high on upbeat seasonal demand outlook
Iron ore futures prices surged on Thursday to hit their highest in more than a week, as prospects of improved seasonal demand in China outweighed concerns over the top consumer’s economic recovery. The most-traded January iron ore contract on China’s Dalian Commodity Exchange (DCE) ended daytime trade 3.97% higher at 707.0 yuan ($99.25) a…
Oman deputy min terms Iran safe place for investment
Oman’s Deputy Minister of Labor has emphasized that Iran is a safe place for Omani investors due to its appropriate infrastructure and security. Ahmed bin Salem Al Hajri made the remarks in an exclusive interview with IRNA on the sidelines of a Sunday visit to the Arvand Free Zone. He said there are good…
Hot Sheet of China at the Bottom of the Last 8 Years
China’s hot sheet production rose 7.1 percent to 3.1 million tons last week. However usually the peak month for steel consumption in China is September , the recovery in steel demand, including hot sheets, has been relatively slow since the summer recession so far, according to sources. In contrast, both production and market inventory…
Media Reflection to the Presence of Iranian Companies in Metal Expo Istanbul
Seven Iranian steelmakers participated in the Istanbul Metal Expo. The Azerbaijan Steel Association, as the official representative of Metal Expo in Iran, hosted six of the largest companies active in Iran’s steel industry in Turkey. Metal Expo Istanbul started on September 11 at the city’s exhibition center and ended on September…
Vale bumps up 2024 iron-ore production forecast
Brazilian miner Vale said on Wednesday it expects to produce between 323-million and 330-million metric tons of iron-ore in 2024, raising a previous forecast of 310-million to 320-million. The mining giant said last month it was confident about meeting the top end of its guidance. Vale slightly lowered its forecast for nickel output in…
Electricity generation from renewable sources rises 23%
Iranian renewable power plants generated 264 million kilowatt-hours (Kwh) of electricity in the previous Iranian calendar month of Mordad (July 22-August 22), registering a 23-percent growth compared to the same month in the previous year. According to the data released by Iran’s Renewable Energy and Energy Efficiency Organization (SATBA), renewable power plants generated over…
Bank loans to knowledge-based firms rise 63%
Iranian banking system paid 927 trillion rials (about $1.854 billion) of facilities to knowledge-based companies in the first four months of the current Iranian calendar year (March 20-July 21), to register a 63 percent rise compared to the same period in the preceding year. According to the Central Bank of Iran (CBI), Iranian banks…
