News List
Iran Ready to Meet Tajikistan’s Demand for Steel
Iranian Minister of Industry, Mine and Trade Mohammad Atabak expressed the country’s readiness to satisfy Tajikistan’s demand for steel and rebar. In a meeting with his Tajik counterpart in Tehran, Atabak said Iran is prepared to supply Tajikistan with steel and rebar on the basis of previous negotiations. Hailing Tajikistan as a “friend and…
Gold price plummets more than $100 on US-China trade truce
Gold prices plummeted by nearly 3% on Monday as a temporary deal between the US and China to slash tariffs sent the equity and bond markets flying. Spot gold fell 2.7% to $3,235.75 per ounce while US gold futures were trading more than 3% or $102 lower in late afternoon dealings, falling to $3,241.80…
Khuzestan Steel Company produces iron from industrial sludge
Khuzestan Steel Company achieved a world first by successfully producing iron from industrial sludge, yielding both economic savings and environmental advantages. Mohammad Jame’i, the director of the Public Relations Department of the Khuzestan Steel Company, says that the firm pioneered the production of iron from industrial sludge, achieving both economic savings and environmental benefits.…
UK steel sector urges clarity on timeframe for 0% US tariffs
Workers work at the British Steel site in Scunthorpe, Lincolnshire, Britain April 17, 2025. Danny Lawson/Pool via REUTERS/File Photo Purchase Licensing Rights, opens new tab. Britain’s steel sector on Friday urged clarity on when U.S. tariffs will be scrapped under a landmark first deal to remove President Donald Trump’s levies on the sector. Britain…
The necessity of determining the optimal production point at Mobarakeh Steel Co/ Zarandi: investment in exploration is Mobarakeh Steel’s priority for this year.
Chairman of the executive board of directors of IMIDRO stated: By determining the optimal production level and to maximize the use of its resources, Mobarakeh Steel Co should create the conditions to increase its efficiency and productivity . According to IMIDRO’s Public Relations, Mohammad Aghajanlou, in a project control meeting of Mobarakeh Steel Company…
Breaking the daily record of sponge iron production and realizing 7 consecutive meltings in Sefiddasht Steel Company
Sefiddasht Steel Company produced 3,051 tons of sponge iron in the direct reduction unit of Sefiddasht Steel Company on the first day of May of the year of ‘investment for the production’ and with the realization of seven consecutive smelting, new glories were registered in this company. The operation manager of Sefiddasht Steel…
Southeast Asian Steel Association expresses concern over China’s overcapacity
The Southeast Asian Steel Association (SEAISI) warned that “increased imports” from China would be ignored by Malaysia’s Ministry of Investment, Trade and Industry (MITI). In early May, SEAISI announced that there had been no tangible progress or action by the Malaysian government on the growth of China’s steel production capacity within the country and…
Steel making companies Consortium: Waiting for Memorandum of Understanding for Gas Fields
The Chairman of the Executive Board of Imidro, emphasized on accelerating the conclusion of a MOU and performing relevant studies and following up on participation in the development and storage of gas fields in a meeting with members of the Association of Steel Producers and large Steel Companies . According to the Public Relations…
MMTE’s entry into the International Club of Designers of Electric Arc Furnaces in Steel Industries / Saving Foreign Exchange, Reducing Melting Time and Energy Consumption is among the advantages of Iranian knowledge
For the first time in the country, the Iranian company MMTE attained the technical know-how of designing, modernizing, and optimizing EAF furnaces & ladles in the steel industry. According to Public Relations of Imidro, Mehrdad Naji while stating the above news in a press conference, added: Due to the existence of some international obstacles…
Iron ore price falls as China steel body says output curbs underway
Iron ore fell as China’s top steel association confirmed that output curbs were underway, and long-awaited PBOC rate cuts failed to deliver a sustained lift in sentiment. Futures fell as much as 2.3%, paring gains from Wednesday when the People’s Bank of China announced easing measures, including cutting the seven-day reverse repurchase rate. The…
