News List
Record breaking for “Direct Reduction” in Hormozgan Steel
The Hormozgan Steel Direct Reduction Unit again had a record breaking with the production of 826,000 tons of sponge iron in the first five months of this year. The Managing Director of Hormozgan Steel Company,while emphasizing the need to supply the raw materials needed for steelmaking in this steel complex, announced a record-breaking in…
The latest situation of the cryptocurrency market in the world
Bitcoin’s value has been highly fluctuated in recent months, and the current decline in Bitcoin accumulation trend is a warning to the traders. According to the reports, in 2024, Bitcoin reached its highest level of $73,000, largely due to the introduction of exchange-traded funds. However, this crypto currency has also experienced more volatility this…
Contract conclusion for the construction of the SBQ rolling line of Miyaneh Steel Complex
The contract for the construction of the SBQ rolling line was inked between Miyaneh Steel Complex and Tam Iran Khodro Company According to Public Relations, the contract in the presence of the Managing Director and members of the board of directors of Tam Iran Khodro Company, Radfar, the manager of Miyaneh Steel Complex, Azimi,…
The definitive delivery meeting of the sub-line railway project of Sabzevar Pars Foolad Company was Carried Out
During a meeting on Tuesday, July 31, 2024 with the presence of members of the Islamic Republic of Iran Railways’ definitive delivery commission, consisting of experts of the IRI Railways Company and Khorasan Razavi Railways, as well as representatives of the employer and the project consultant, and contractor, the final delivery of Sabzevar Pars…
Turkey seeks Chinese partnership on rare earth elements for EVs
Turkey is working toward teaming up with China to process a deposit of rare earth elements, a potential partnership that could make the country more appealing to Chinese manufacturers of electric vehicles and batteries. The government in Ankara is poised to dispatch Energy Minister Alparslan Bayraktar to lead a delegation to China in October…
President Outlines Plans for Iran’s Economic Growth
President Outlines Plans for Iran’s Economic GrowthIranian President Masoud Pezeshkian referred to recommendations made by experts for achieving the target of 8% economic growth in the country, unveiling plans to attract massive investment and build trust among economic stakeholders. In a televised interview on Saturday night, Pezeshkian addressed the Iranian nation for the first…
Spain reduced steel production by 9.1% m/m in July
During January-July, Spanish steelmakers increased steel output by 4.7% y/y In July 2024, Spanish steelmakers reduced steel production by 9.1% compared to the previous month, to 900 thousand tons. Thus, the country was ranked 16th in the global ranking of steel producing countries (71) by the WorldSteel Association. Compared to July 2023, Spanish steelmakers…
Opening ceremony of the largest artificial lake in Fars province in line with the social responsibility of Ghadir Neyriz Steel complex
The artificial lake and the park around the cultural, sports and educational complex named Martyr Qhasem Soleimani, related to the Ghadir Neyriz Steel Complex, was put into operation In a ceremony held in the presence of the governor of Fars and a group of local officials. This mega project, which has been designed and…
The Minister of Mine, Industry and Trade visited the world’s largest offshore desalination plant in Zabol
The Minister of Mine, Industry and Trade, accompanied by Engineer Aghajanloo, care taker of IMIDRO, visited the Shohadaye Khedmat desalination plant in Zabol today. This center, which is located 70 kilometers from the Zahedan-Zabol route, is considered the largest offshore desalination plant in the world and was visited by Seyyed Mohammad Atabak, the Minister…
Iron ore price tumbles back below $100 as China property woes deepen
Iron ore slumped back below $100 a ton, snuffing out a rebound, as pessimism over China’s economic prospects again weighed on industrial commodities. The steel-making material rose almost 10% over the past two weeks on tentative signs that the worst of China’s summer steel rout might be over. But soft manufacturing activity and another…
