News List
Self-sufficiency in production of automotive sheets with the role of Mobarakeh Steel Company
Younes Hamzavi, the domestic sales manager of Mobarakeh Steel Co, on the sidelines of the International Auto Parts Exhibition stated: the majority of sheets required by the automotive manufacturing and parts industries are produced domestically, and there is no longer a need for imports. He added, “Currently, about 90% of the needs…
China Increases Steel Exports to Iraq / Inking ‘Oil-for-Reconstruction’ Agreement
According to Chilan, quoting the Mining Bulletin, China’s steel exports to Iraq reached 399,000 tons in the first three months of 2025, an increase of 54.1% compared to last year. China’s steel exports to Iraq have proliferated in recent years. The latest customs data shows that the volume of steel exports from China…
Billions in Trade at Risk for Indian Metals Industry
India is seeing mixed reactions to U.S new announcement that he is imposing a 50% tariff on all steel and aluminum imports from the country. While the Indian Government sought to play down the new Trump tariffs, with one minister dubbing its impact as “minor,” some analysts, experts and trade bodies are not too…
Aghajanlou announced: Interaction with the private sector for the optimal leadership of the companies
Areas of cooperation between the Tehran Chamber of Commerce, Industries, Mines and Agriculture and IMIDRO in the fields of: social responsibility collaboration, sustainable development, and corporate governance were discussed. According to public relations of National Iranian steel company Quoting IMIDRO, at this meeting Mohammad Aghajanlou, Chairman of the IMIDRO’s Executive Board of Directors, with…
Nippon Steel’s $6B Green Steel Shift Targets Net-Zero by 2050
In a move to reshape its steelmaking process, Nippon Steel will invest ¥868.7 billion (approx. $6.02 billion) to build three new electric arc furnaces in Japan. The company is also expecting up to ¥251.4 billion ($1.74 billion) in government support. These scrap-fed furnaces are scheduled to begin operation in fiscal year 2029 and will…
In a meeting of managers of major mining companies & mineral industries with the First Vice President and the Minister of Industry, Mine and Trade
Aghajanlou announced the three demands of the mining industries from the government/”Removing the shock of electricity and gas costs”, “directing the company’s profit towards development” and “Participation of the National Development Fund in transferring water from the Sea of Oman”. According to the IMIDRO’s Public Relations , in this meeting, which was held in…
The First Vice President at the meeting of IMIDRO’s Council of Deputies: The fourteenth government is seeking to implement a strategy of replacing mine with oil in the country’s economy.
Referring to the importance of IMIDRO in increasing the country’s GDP, the First Vice President emphasized: “The 14th government seeks to implement the strategy of replacing mining with oil in the country’s economy.” Dr. Mohammadreza Aref, at the meeting of IMIDRO’s Council of Deputies stated: The slogans of “carbon-free and plastic-free development” by developed…
Serious cooperation of universities with steel and petrochemical industries started
The Ministry of Science, Research and Technology and Vice Presidency for Science, Technology and Knowledge-Based Economy inked a memorandum of cooperation with two large industrial companies in order to strengthen cooperation between universities and industry. The cooperation of universities with the country’s large industries has beneficial advantages and results. on the one hand, industries…
Coking coal prices in China fall amid oversupply
Spot coking coal quotations in China (EXW, Anze) decreased by $2.6/t to $170.72/t between May 16 and 23, according to Kallanish. This situation was caused by negative market sentiment and rising stocks. According to Bloomberg, the decline in demand for steel in China is spreading to neighboring markets, with prices for coking coal and…
The European HRC market is fluctuating amid domestic price pressures
On May 22, the prices of hot-rolled coils in Europe in the domestic market showed new signs of decline, as the market Domestic hot-rolled coil prices in Europe showed new signs of decline on May 22, as the market continues to struggle with weakening demand and growing uncertainty. “Everyone expects a continued decline,” a…
