News List
Brazil exported a record 41.1 million tons of iron ore in July
Revenues from these exports fell by 8.8% y/y due to lower prices Brazil exported 41.1 million tons of iron ore in July this year (+4.7% y/y), breaking the previous record of 39.5 million tons set in December 2015. This was reported by Reuters with reference to official data. At the same time, revenues from…
Iran taps knowledge-based firms to boost clean energy production
Iran is turning to knowledge-based companies to help tackle its growing energy imbalance by promoting clean power generation, according to the head of the Industrial Development and Renovation Organization of Iran (IDRO), according to Tehran times. Speaking at a contract signing ceremony between a high-tech Iranian firm and an industrial manufacturer, Farshad Moqimi, Chairman…
despite the decline of the ruble and the recession in the Chinese market, Russian billet,s prices increased
Despite the decrease in the value of the ruble and the fall in demand in the Chinese market, Russian producers have raised the prices of their export billets. Russian billet for delivery in September is offered at a price of 455 to 470 dollars per ton FOB Black Sea. In the Turkish market, the…
Hormozgan steel’s Industrial waste recycling , a big step towards the realization of “circular economy and environmental protection”
With the efforts of Hormozgan Steel Co and the cooperation of the Technical Council of the Management and Planning Organization of Hormozgan Province, the “Specialized Workshop on the Use of Slag in Civil and Urban Infrastructure” was held. According to Mine News, Shahin Zare, Director of Metallurgy, Design and Product Development of Hormozgan Steel…
Inking a” MOU” for the Completion of the First Coal Power Plant in the Country in Tabas / Aghajanlou: This project is a prelude to the thermal coal’s use development
The memorandum of understanding for the completion of the country’s first coal power plant project inked in the presence of the First Deputy Speaker of the Islamic Consultative Assembly, the Minister of Energy and the Deputies of Minister of Industry, Mine and Trade. According to Imidro’s Public Relations, at the inking ceremony of the…
China iron ore imports hold up
Iron ore remains a standout performer among major commodities this year as it holds above $100 a metric ton despite mounting signs that the steel sector in top importer China is softening. The most-traded iron ore contract on the Singapore Exchange ended at $101.71 a ton on Wednesday, down from $102.74 at the prior…
Message from Managing Director of National Iranian Steel Company on the occasion of Journalist Day
The Managing Director of National Iranian Steel Company, congratulated all activists and hard workers in the field of media and news on the occasion of Journalist Day. According to the public relations of National Iranian Steel Company, Hassan Younesian emphasized the bravery of journalists in the field of informing and honored the memory of…
Water and energy consumption in Iran’s steel industry/ Four facts
. 1. The total amount of water consumption in the country’s steel industry is only 154 million cubic meters per year, which accounts less than 0.15 percent of the country’s total water consumption. 2. Amid the peak period of electricity consumption, while the grid load reaches about 80,000 megawatts, the consumption of…
Engine of Development and Guarantor of Economic Stability in the Country/ Mining
Forecasts show an annual growth of about 5% for metal mines by 2034, Iran, as the “Mineral Paradise of West Asia,” faces the major challenge of energy imbalance. The main question is how can the country benefit from this great opportunity and what share it can claim from the global value chain of the…
JSW and JFE to invest $669 million in expanding electrical steel production in India
The partners plan to increase the capacity of two plants to meet growing demand for electrical steel India’s JSW Steel and Japan’s JFE Steel are investing 58.45 billion rupees (approximately $669 million) in expanding the production of cold-rolled electrical steel at two plants in India. This type of steel is widely used in the…
