News List
Germany reduced steel production by 10.1% y/y in April
Since the beginning of the year, the indicator has decreased by 11.9% y/y In April 2025, German steelmakers reduced steel production by 10.1% compared to the same month in 2024, to 2.95 million tons. Compared to the previous month, the figure fell by 5.2%. This is evidenced by data from the German Steel Industry…
By inking a contract in the presence of Aghajanlou and Jafari
Kazakhstan, the destination of the largest contract for exporting technical & engineering services of Persian Reduction technology (PERED) / the flag of Iranian steel industry’s technical knowledge raised in Central Asia. Inking the largest contract for exporting Iranian technical know-how and engineering services for sponge iron production (PERED). According to this contract, the technology…
Iron ore remained above $100 per tonne
The latest price of 62% purity iron ore in China’s import market remained flat at $101.1 per tonne CFR despite limited trading, as factories shifted their focus to maintaining profit margins. lower-grade iron ore, with fewer discounts, was still more favorable, but the trend appears to be unsustainable as transactions declined. In…
Aghajanlou: Plan to establish a “Metals Investment Fund” with a financing approach / Iran to build a Direct Reduction Unit in Kazakhstan
Metal investment funds’s formation with a financing approach is currently being planned. He also named the development of foreign relations, increasing explorations with private sector participation, and investment in high-tech sectors as other developmental programs of this organization. Aghajanlou: Plan to establish a “Metals Investment Fund” with a financing approach / Iran to build…
In the presence of Hassan Younesian, Managing Director of National Iranian Steel Company, the ceremony of honoring and introducing the Managing Director of Azerbaijan Steel Company and the caretaker of Miyaneh Steel Complex was held
Hadi Abdi, manager of Ghaenat Steel Complex, maintaining his position, became the Managing Director of Azerbaijan Steel Company and the caretaker of Miyaneh Steel Complex. According to a decree by Hassan Younesian, Managing Director of National Iranian Steel Company, Hadi Abdi was appointed as the Managing Director of Azerbaijan Steel Company and the caretaker…
Awarding the statue of the Resistance Economy of the 6th Hatam National Festival to the National Iranian Steel Company
According to the Public Relations of the National Iranian Steel Company, the 6th Hatam National Festival (Supporting National Production) was held on May 21 at the SEDA VA SIMA International Conference Center. In this national conference, the Special Certificate of Resistance Economy was awarded to the National Iranian Steel Company for trusting domestic…
Vale promotes decarbonization of its operations in Oman
The company signed an agreement with OQ Alternative Energy to supply power to the factory in Sohar. Brazilian mining company Vale has signed an agreement (HOA) with OQ Alternative Energy as part of its strategy to decarbonize its operations in Oman and transition to industrial energy use from renewable sources. This is reported by…
Tata Steel plans capital expenditures of $1.76 billion in India and Europe for the current fiscal year
The company also intends to invest $2.5 billion in its Singapore unit to strengthen its European operations. Indian steel company Tata Steel has planned capital expenditures of about $1.76 billion for the 2025-26 fiscal year for its operations in India, the United Kingdom and the Netherlands, Manufacturing Today reports. About $1.29 billion will be…
Iron ore touches over 2-week high
Prices of iron ore futures touched a more than two-week high on Tuesday, supported by a U.S.-China temporary trade agreement, although caution over a final deal and potentially slower near-term demand limited gains. The most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE) TIO1! traded 1.56% higher at 718 yuan ($99.82) a…
Ministry of Economy considers decision on quota for scrap exports
A zero quota could be implemented until the end of 2025 until a systemic solution to re-exporting raw materials is found The Ukrainian Economy Ministry is considering the possibility of introducing a zero quota for the export of scrap metal. It is expected that such a decision may be taken in the near future.…
