News List
The Iranian year 1402 was the transition from traditional to modern public relations
Public Relations Manager of National Iranian Steel Company (NISCO) considered 1402 (Iranian calendar)as the year of great changes and transition from traditional to modern public relations in public relations of seven provincial steel projects and stated: Public relations is an art that the public relations manager will make this art to emerge with his/her…
Iron ore imports to Turkey are increasing
Turkey’s iron ore imports increased by 35 percent annually in the first three months of this year to 2.69 million tons, due to the increase in Turkish steel production during this period.150 thousand tons of it was pellets, most of which were imported from Russia and the United States. Turkey’s iron ore imports from…
Global Rate of Steel and Mineral Products May 2024
In the past week, prices of steel and mineral products in the global market have been affected by various changes. Coke coal prices rise in Australia in FOB form: FOB coal prices in Australia have risen by $US4.24 a tonne in the past week Increased cost of iron ore transportation: The cost of transporting…
BHP-Anglo American deal raises alarm in Japan’s steel industry
Steelmakers’ concerns about BHP’s coking coal market power could derail a deal between BHP and Anglo American. Japanese steelmakers have raised concerns with Australian authorities that BHP Group could become too dominant in the global supply of coking coal if it goes ahead with a takeover of Anglo American. Australia is the world’s biggest…
The first shipment of steel structure for a reduction furnace reached Eqlid steel company
The first shipment of steel structure for a reduction furnace reached the workshop site of Eqlid steel company. According to IMIDRO the project is under construction with the aim of annual production of 1.1 million tons of sponge iron with an emphasis on environmental protection by engineers of IRITEC Company.
Iron ore, steel prices mostly fall as demand eases after China holiday
Prices of iron ore and steel products in China declined on Thursday, pressured by weaker steel demand as stockpiling needs eased after China’s Labour Day holiday. The most-traded September iron ore on China’s Dalian Commodity Exchange (DCE) DCIOcv1 closed 1.7% lower at 865.50 yuan ($119.79) per metric ton. The benchmark June iron ore SZZFM4…
Annual mineral exports hit $13 billion
Export value of mining and mining industries sector passed 13.7 billion dollars during the last Iranian calendar year (ended March20,2024). According to the report of public relations of IMIDRO, the value of Iran’s mining and mining industries export stood at 13 billion and 700 million dollars during the past Iranian calendar year (ended March20,2024),…
Iran to open trade center in Oslo
Iran’s Trade Promotion Organization (TPO) has given the green light for the establishment of a new trade center in Norway’s capital Oslo, the TPO portal reported. According to TPO, currently, over 40 Iranian trade centers are operating in different target countries across the globe. The TPO data says that Iran also plans to launch…
Investing €150 million in Bijar Sponge Iron Project
The vice president of parliament affairs atated: the project for the construction of Bijar sponge iron plant with 150 million euros of investment is in process. Seyed Mohammad Hosseini, stated: “The supreme Leader always emphasizes the use of capacities, the role and optimal management of Kurdestan Steel Industries Company is on the…
Iron ore slips amid high inventories at China ports
Iron ore futures prices slipped on Wednesday amid rising inventories at Chinese ports, despite hopes for greater intervention in the country’s flagging property market. The most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE) DCIOcv1 ended day time trading 2.91% lower at 866 yuan($119.85) a metric ton. Prices erased gains from a…
