News List
Iron ore jumps to over one-week high on China’s property stimulus efforts
Iron ore futures extended gains on Friday to their highest in more than one week andwere on track for a weekly gain, supported by resilient consumption and a brighter demand outlook in top consumer China thanks to its latest property stimulus efforts. The most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE)…
Foreign trade on upward trend during President Raisi’s term: IRICA
Iran’s foreign trade registered a considerable jump during the late President Ebrahim Raisi’s administration (32 months in service) and reached more than $301 billion, the Islamic Republic of Iran Customs Administration (IRICA) said. About 347 million tons of goods, valued at over $137.8 billion, were exported from the country between August 2021 and April…
Presence of National Iranian Steel Company among the mass of mourners in Tehran
Following the tragic martyrdom of the popular president and his accompanying delegation, in order to serve the honorable mourners, they were received hospitably.
World Bank evaluation of Raisi administration proves its economic success
The World Bank, in its latest report on the economic situation in Iran, has examined the performance of the administration of late President Ebrahim Raisi, indicating its successful track record in the economic sphere. The WB report shows that the Islamic country’s economy experienced sustained growth over the past four years, despite the continuation…
Production of Iran’s Oxin steel Co up 12K MT in March-April
The head of Iran’s Khouzestan Oxin Steel Company Ali Mohammadi says the company has produced over 83,000 metric tons (mt) of plates. The Oxin Steel Company produced more than 83,000 MT of plates in the first month of the Iranian calendar year (March 20-April 19, 2024), Mohammadi said in the closing ceremony of the…
Message of the Managing director of National Iranian Steel Company on the occasion of the martyrdom of the honorable president and the accompanying delegation
Dr. Ghobadi Samani expressed his condolences on the martyrdom of the honorable president and his delegation. This message includes: “Although martyrdom is the longstanding desire of the people, the unpleasant news of the downfall of the helicopter carrying the honorable president and their delegation has pained the hearts of our beloved compatriots. He was…
China’s Baosteel raises June prices for hot-rolled coils
China’s leading flat steel producer Baosteel has raised domestic prices for hot rolled coil (HRC) for June sales by 50 yuan/t ($7/t). The company has also increased offers for some other products for June sales. In particular, the price of the company’s coated steel for the domestic market increased by 100 yuan/t. The company’s…
Iran RAILEXPO 2024 opens in Tehran
The 11th International Exhibition of Rail Transportations & Related Industries Equipment dubbed “IRAN RAILEXPO 2024” was inaugurated at the Tehran Permanent International Fairgrounds on Saturday. The inaugural ceremony was attended by Iran’s Minister of Transport and Urban Development Mehrdad Bazrpash and Head of Railways of the Islamic Republic of Iran Miad Salehi. More than…
Ghobadi Samani: Defining new responsibilities according to the slogan of the year in line with the promotion of the position of National Iranian Steel Company
Mohammad Ghobadi Samani, Managing Director of National Iranian Steel Company, referring to the importance of the slogan of the year “Surge in Production Through People’s Participation”, stated: “Sustainable development plans and new responsibilities should be proportionate and in line with the promotion of the position of National Iranian Steel Company.” Ghobadi Samani in the…
THe agreement of G7 To End the use of coal for power generation by 2035
The United States, the UK, Italy, France, Japan, Germany, and Canada this week struck an agreement to end the use of coal for power generation by 2035. The news was lauded by some in the green lobby while others, namely Greenpeace, called it “too little, too late”. Now, the biggest question is whether the…
