News List
Oman to build the Middle East’s first eco-friendly ship recycling plant
Oman is taking a significant step towards sustainable development in the maritime industry by announcing the construction of the Middle East’s first integrated eco-friendly ship recycling facility, Fast Company Middle East reports. The project, which is part of the country’s strategy to achieve zero emissions by 2050, will be implemented in Khatmat Malakha, North…
France reduced steel production by 20.8% y/y in July
Between January and July, French steelmakers reduced production by 7.8% y/y In July 2025, French steel enterprises reduced steel production by 20.8% compared to July 2024, to 800 thousand tons. Thus, the country ranks 18th in the WorldSteel Association’s global ranking of steel-producing countries (70). Compared to the previous month, smelting volumes increased by…
Nearly 200 idle mines revived in 4 months
Implementation of Iranian Industry, Mine and Trade Ministry’s idle mines revival, activation, and development program has led to the restoration of 196 mines in the first four months of the current Iranian year. (According to Tehran Times) According to the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO), from the beginning of…
Over $340m invested in new industrial park infrastructure in a year
The government has developed more than 170 trillion rials ($340 million) worth of new infrastructure in industrial parks across 31 provinces over the past year, the head of the Small Industries and Industrial Parks Organization (ISIPO) said. (According to Tehran Times) Reza Ansari, who also serves as deputy industry minister, announced the investment during…
Global stainless-steel production in Q2 grew by 5% q/q
During the period, stainless steel production volumes increased in most key regions Global stainless-steel production in April-June 2025 increased by 5% compared to the previous quarter, reaching 16.36 million tons. Compared to the same period in 2024, the figure increased by 3.1%. This is evidenced by data from the non-profit organization World Stainless Association.…
China’s iron ore price rises to $104
Iron ore prices rose after reports confirmed that China plans to reduce steel production in 2025–26 as part of efforts to curb overcapacity and improve industry efficiency. According to market updates, Singapore-traded iron ore futures climbed over 1.7% to above $104 per tonne, reaching a two-week high. The move reflects renewed optimism for raw…
The cost of production in the steel chain is high; we need new explorations
Mehrdad Akbarian, the head of the Iranian Iron Ore Producers and Exporters Association, at a conference on resilience in the country’s iron and steel chain in Isfahan stated:“ The country’s steel production capacity is higher than that of raw materials; in order to solve this problem, we have to increase the production capacity of…
Demand for green steel in India to reach 4.5 million tons by 2030
Demand for green steel in India will reach 4.49 million tons by 2030. This is stated in a report by Ernst & Young Parthenon, The Economic Times reports. The growth in demand will be driven by construction, infrastructure and the automotive industry. By the 2039/2040 fiscal year, it could reach 73.44 million tons. Green…
4.1 billion in the Mine and Mining export Sector
Exports from the mine and mining industries sector increased by more than $4.1 billion in the first 4 months of 1404. (Iranian Calendar) According to the public relations of National Iranian Steel Company, quoting the public relations of IMIDRO, from the beginning of Farvardin to the end of Tir this year, 23 million 774…
China’s hidden power has trapped Western factories in a deadlock
China, with its unrivaled share in the rare earth elements production & processing, has created a new lever to pressure the Western countries. These vital materials, which are widely used in the manufacture of batteries, electric motors, smartphones, and military equipment, have now become Beijing’s geopolitical weapon. China is controlling round about 60 to…
