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Global steel production fell by 2.9% m/m in November

Global steel production in November 2024 fell by 2.9% compared to the previous month to 146.8 million tons. The figure increased by 0.8% compared to November 2023. This is evidenced by the global ranking of 71 steel-producing countries by the World Steel Association. Total steel production in the CIS+Ukraine fell by 7.8% compared to…

In the performance monitoring meeting of the Persian Gulf Special Economic Zone, it was announced:

‎Aghajanlou: The Necessity of Developing the ‎‎Persian Gulf Special Zone‎‎ through Export Growth‎ approach ‎The Chairman of the executive Board of Directors of Imidro declared: the development of the Persian Gulf Special Economic Zone should be through the approach of export growth, and declared: “Any strategy that is effective in achieving this important issue…

Esfahan Steel Company on the Path of Transformation

At the introducing ceremony of the new Managing director of Esfahan Steel company, Dr. Amir Hossein Naderi, CEO of Sadr Tamin Investment Company (TASICO), while clearly explaining the importance of Esfahan Steel Company for Iran’s economy, stated: ” Esfahan Steel Company from the beginning has been the industrial trench of the country and must…

World Coal Demand and Exports Set for New Record Highs in 2024

The world’s consumption and exports of thermal coal are expected to rise this year from 2023 to hit fresh record-highs, according to export and power generation data cited by Reuters columnist Gavin Maguire. Coal-fired electricity generation has increased so far this year by 2% compared to 2023, to hit new highs as power demand…

Iran’s production of semi-finished steel hits 20.4 million tons in eight months

Iran produced 20.4 million tons of semi-finished steel during the first eight months of the Iranian year (March 20 – November 21, 2024), according to data released by the Iranian Steel Producers Association. The production comprised 13.28 million tons of billet and bloom and 8.058 million tons of slab, the report stated. Total steel…

Mining sector achieves $8.8b in exports over 8 months

According to public relations of National Iranian Steel Company quoting Iran’s Mines and Mining Industries Development and Renovation Organization (IMIDRO), the mining and mineral industries sector exported approximately $8.8 billion worth of products in the first eight months of the current Iranian year. According to a report from IMIDRO, between March 20 and November…

Modon is the first Real Estate Developer to use Green Steel in UAE, in collaboration with EMSTEEL

Modon, a master developer known for vibrant and sustainable communities, and EMSTEEL Group, the UAE’s largest steel and building materials manufacturer, have signed an MoU reflecting a strategic alliance to confirm Modon as the first real estate developer to use low-carbon steel in the UAE. This collaboration underscores EMSTEEL and Modon’s vital role in…

Turkey produced 3 million tons of steel in November

In January-November, the company’s production increased by 11.2% y/y In November 2024, steel enterprises in Turkey increased steel production by 0.7% compared to the same period in 2023, to 3.010 million tons. The figure increased by 0.4% compared to the previous month. This is evidenced by data from the Global Steel Association WorldSteel. In…

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