News List
Govt. eyes 3,000 MW renewable energy capacity by Mar. 2026
TEHRAN – Iran’s push to expand renewable energy capacity is gaining momentum, with Energy Minister Abbas Aliabadi unveiling a new 100-megawatt renewable energy project and expressing hope that total installed capacity will exceed 3,000 megawatts by the end of the current Iranian year (March 2026). According to IRNA, under the Seventh National Development Plan,…
Practical solutions to resolve the energy crisis in the industry/ The Ministry of Industry, Mine and Trade’s support packages are the key to facilitate the production.
The Minister of Industry, Mine and Trade received a report on the status of production and manufacturing enterprises in a meeting with the Governor of Isfahan. Solutions to compensate for the energy imbalance and the features of the “Industry and “Production Support Package,” were discussed and reviewed. Seyed Mohammad Atabak, during a trip to…
Chinese steelmakers propose adding scrap metal to the list of strategically important resources
It is also recommended to create a system for its processing, classification, and distribution The China Iron and Steel Association (CISA) has proposed that the government add steel scrap to the list of strategically important resources. This was discussed at the association’s meetings on the green and low-carbon development of the country’s steel industry,…
Iran to offer $360m in private mining investment packages by Mar 2026
Iran will offer 30 mining investment packages worth a combined 180 trillion rials (approximately $360 million) to the private sector by the end of the current Iranian year (late March 2026), a senior official said on Monday. Mohammad Aghajanlou, chairman of the executive board of directors of the Iranian Mines and Mining Industries Development…
Iranian Customs announced: imports of machinery with advanced technology would be exempt from customs duties if they replace outdated ones
According to IRNA’s economic correspondent, the Director-General of Imports of Iranian Customs notified a directive to executive customs offices regarding the exemption of customs duties for importing machinery with advanced technology by replacing outdated machineries. Therefore, as the Office of Export and Import Regulations of the Ministry of Industry, Mine and Trade has notified…
President: ECO is serious symbol of neighborhood diplomacy
The President of the Islamic Republic of Iran emphasized in a message that for the Islamic Republic of Iran, ECO is a serious symbol of neighborhood diplomacy and, at the forefront, multilateral economic diplomacy according to IRNA. President Masoud Pezeshkian has stressed that for the Islamic Republic of Iran, ECO is a serious symbol of…
Malaysia puts anti-dumping duties on some China, South Korea, Vietnam iron, steel
Malaysia said on Saturday it has imposed provisional anti-dumping duties ranging from 3.86% to 57.90% on certain iron and steel imports from China, South Korea and Vietnam. The duties on imports of galvanised iron coils or sheets or galvanised steel coils or sheets were imposed based on a preliminary determination made in an anti-dumping…
Russia eyes summer deal with Pakistan for new Karachi steel mill
Russia expects to finalize an agreement with Pakistan this summer to build a new steel mill in Karachi, Consul-General Andrey V. Fedorov said on Monday, the first time a Russian official has publicly confirmed the planned project. The new project will mark the revival of Cold War-era industrial cooperation as Islamabad seeks fresh foreign…
Government prepares supportive packages for war-damaged units’ return to production cycle
Iranian minister of industry, mining and trade described the government’s support for industries damaged by the enemy’s invasion, in the form of the Ministry of Industry’s production support plan, as an important step in returning damaged units to the production cycle ,according by Tehran times. Seyed Mohammad Atabak said while commemorating this day: “Industry…
Australia expects a $19 billion decline in iron ore export revenues by 2027
Amid declining demand from China and rising production, iron ore prices will continue to fall until 2027 Australia forecasts a decline in iron ore export revenues from $116 billion in the 2024-2025 fiscal year to $97 billion in 2026-2027. This is stated in the country’s government’s June Resources and Energy Quarterly report. The main…
