News List
The list of the top 50 steel production companies in 2023 has been published
World Steel published the list of the top 50 steel producing companies in 2023. According to the obtained statistics,Mobarakeh Steel company was ranked Forty-second with the production of 10 million and 330 thousand tons of steel products. Also, according to this list, the Chinese company Baosteel with the production of 130 million and 770…
German steel industry will become the main European consumer of green hydrogen
The potential demand of the country’s steel industry may amount to 850,000 tons of hydrogen per year by 2030 The European steel industry will become a major consumer of renewable hydrogen, with German steelmakers having some of the most ambitious plans in the region for its use. This is reported by S&P Global. The…
Asian steel prices will have limited support in Q3
In Q3 2024, Asian steel markets will receive limited support due to weak seasonal demand, as well as the persistence of negative forecasts for the real estate and construction sectors in various markets. This is stated in the review of S&P Global. Scrap prices, according to market participants, will also be under pressure. In…
The Robotic Revolution in Mines / How Does Robots Infiltrate in Mines?
Monitoring mining sites with drones, transporting minerals in autonomous trucks, automated drilling and automated conveyor systems are examples of robotic applications in mines. There are benefits for mining companies in implementing technologies such as artificial intelligence, robotics, and the super advantages such as increased productivity and security, and reduced costs. Robotics…
Iran’s trade with 15 neighboring states up 16% in 5 months
Iran’s non-oil trade with 15 neighboring states in the first five months of the current Iranian calendar year (started March 21, 2024) registered a 16% growth compared to the last year’s corresponding period. The president of the Islamic Republic of Iran Customs Administration (IRICA) put the value of Iran’s trade exchanges with the 15…
German distributors’ sales fall slightly in first half
Germany’s stockholding distributors sold a combined 5.016 million tonnes of steel products in the first half of the year, around 100,000t less than in H1 2023. The first two quarters did not differ much, with 2.469mt sold in Q1 and 2.448mt in Q2, Kallanish learns from distributors’ association Bundesverband Deutscher Stahlhandel (BDS). The average…
Investment in mining exploration projects rises 173%
The director of the Exploration Office at Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) said investment in the country’s mining projects increased by 173 percent in the previous Iranian calendar year (ended on March 19). According to Ahmad Fattahi Mojalej, IMIDRO, and its subsidiaries invested 33.466 trillion rials (about $66.9 million)…
Industry Ministry unveils export support package for knowledge-based firms
The Iranian Industry, Mining and Trade Ministry has presented a support package for promoting the export of knowledge-based and innovative products. As reported, the chambers of guilds across the country and national unions have been notified about the details of the mentioned package that is aimed at “a jump in the export of knowledge-based…
BMI revises 2024 iron-ore price forecast lower to $110/t
Market analysis firm BMI, a Fitch Solutions company, has revised down its 2024 iron-ore price forecast from an average of $120/t to $110/t, as subdued demand in mainland China amid the ongoing property downturn continues to exert downward pressure on the iron-ore market. In its market commentary published on August 22, the company said…
Iran exports $2.6 bln of steel products in 5-month period
Over $2.566 worth billion of steel products were exported from the country in the first five months of the current Iranian calendar year (started March 21, 2024), Islamic Republic of Iran Customs Administration (IRICA) said. Iran exported 4.979 million tons of steel products overseas from March 21 to August 22, 2024, IRICA said. According…
