News List
Vale gearing up to meet Indian demand as China steel output stagnates, CEO says
Brazilian miner Vale (VALE3.SA), opens new tab is preparing to meet rising iron ore demand from India, which could double its steel production by the end of the decade, Chief Executive Gustavo Pimenta told Reuters. Rising sales to India and other Asian markets should help to offset stagnant demand from China, where steel production…
Expanding Exports, Meeting Needs of Domestic Industries
Mobarakeh Steel aims to expand exports of finished products and meet the evolving needs of domestic industries. ( Quoting MNA) Speaking at the specialized panel on “Balancing the Flat Steel Product Chain Based on Market Demand” at the Mobarakeh Steel Group Pavilion, Majid Fakhari, Sales and Product Delivery Planning Manager of Mobarakeh Steel Group,…
Japanese Trading Houses Brace for Struggles Amid China’s Steel Glut
Japan’s major trading companies are facing a prolonged slump in iron ore and coking coal prices, as surging Chinese steel exports flood Asian and global markets, weighing on profits for at least the next six months. Executives at Mitsubishi Corp. and Itochu Corp. said the oversupply is likely to persist through the end of…
Acceleration in the development path of Qorveh steelmaking / Physical progress of melting hall construction reaches 20% and engineering activities of the factory reach 50% progress
The construction project of Qorveh steelmaking and continuous rolling factory is progressing so fast. So far, the construction of the melting hall has reached 20% physical progress and the engineering activities of the factory have reached 50% progress. The implementation of main structures, concreting and setting up a framework of rebars continues with precise…
Global iron ore exports remained stable in October
India increased shipments after the rainy season, while South Afrihttps://gmk.center/wp-admin/edit.php?post_type=newsca reduced exports Global iron ore exports remained stable in October 2025, with high volumes continuing to be shipped from the main producing countries. India accounted for most of the growth, while Australia and Brazil recorded moderate increases in shipments, and South Africa, on the…
Holding a ceremony to honor Hadi Abdi and introduce Mohammad Shahbazi‑pour as the new caretaker of Ghaenat Steel Complex
According to the public relations of Ghaenat Steel Complex, with the presence of the Managing Director of National Iranian Steel Company (NISCO), members of the executive board, managers and contractors of Ghaenat Steel Complex, the ceremony of honoring and introducing the new caretaker was held. In this ceremony, Hadi Abdi was appreciated for his…
Ghadir Neiriz Steel Factory / Successful performance of the first melting
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Slab production through 8 consecutive melts at Sefid Dasht SteelCompany /Achieved
The Managing Director of Sefid Dasht Chaharmahal and Bakhtiari Steel Company stated: On the eve of the eleventh anniversary of the establishment of Sefid Dasht Chaharmahal and Bakhtiari Steel Company, the hard-working employees of the steelmaking and casting unit have successfully produced slabs through 8 consecutive melts for the first time. Tahmoures Javanbakht, the…
Decline in China’s Steel Production from 2020 to 2025
The flow chart shows the decline in China’s steel production from 2020 to 2025. According to Chilan, Bloomberg published the following chart showing the downward trend of China’s steel production from 2020 to 2025; the bars represent the annual change in cumulative production. The chart is based on data from the China National Bureau…
At the panel titled “The Role of the Fourth and Fifth Industrial Revolutions and Artificial Intelligence (AI) in Green Steel Production,” Samiei-Nejad announced:
IMIDRO’s support for knowledge-based companies to implement green steel policies / Addressing structural imbalances with the help of the private sector through the Steel Headquarters / Presentation of IMIDRO’s comprehensive actions toward green steel. The Chairman of IMIDRO’s Chairman of the Executive Board of Directors stated: In line with implementing policies related to green…
