News List
Khuzestan Steel company’s important record in spring 1404 (Iranian calendar)
Khuzestan Steel company’s hard-workers have shown that if electricity restrictions lifts and energy infrastructure is strengthened, Khuzestan Steel has not only the ability to maintain steady and continuous production, but also register new records in the field of national production. In farvardin 1404, despite severe electricity restrictions, this complex succeeded in setting new records…
MMTE’s Entry into the Energy Imbalance Resolution for Steel and Mining Units
Managing Director of MMTE announced the commencement of the company’s plans and actions in order to resolve the energy imbalances in steel and mining units. According to the public relations of IMIDRO, Mehredad Naji declared: regarding the severe energy imbalances in steel and mining units, along with the approaching hot season and rising energy…
Precious Metals Market Reacts to Tariffs and Economic Shifts
The Global Precious Metals MMI (Monthly Metals Index) saw a significant bullish action month-over-month, rising by a total of 8%. The U.S. precious metals market (and precious metals prices in general) saw dramatic swings over the past five weeks amid a backdrop of stubborn inflation, evolving interest rate expectations, new tariffs and geopolitical tensions.…
Iran’s largest gold mine reports slight increase in output
Iran’s largest gold mine has reported a slight increase in its annual production amid a surge in international prices that has caused more investment to flow to the country’s gold mining sector. A statement posted by the Zarshouran Gold Mine on Iran’s stock market’s website showed that the mine’s annual production had increased by…
From extraction to processing/ mining sector needs investment
The head of Iran Stone Association, while pointing to the need for new investment in the country’s mining sector, stated: “The mining sector, from exploration to extraction and processing, downstream industries, and the mineral chain, needs investment to be far from exporting raw materials.” Bahram Shakouri, in an interview with IRNA’s economic correspondent, referring…
Iran’s steel output up 3.7% y/y to 3.3 million mt in March
Iran ramped up its steel output in March to become the world’s seventh largest producer, according to figures released by the World Steel Association (worldseeel). Worldsteel figures cited in a Wednesday report by Fars news agency showed that Iranian steel mills had churned out some 3.3 million metric tons (mt) of the metal in…
Effective & impressive Participation of Persian Gulf Special Economic Zone Industries in providing relief Efforts for the Shahid Rajaee Port Incident
Mohammad Reza Pirhosseinlou, Managing Director of the Persian Gulf Special Economic Zone (a subsidiary of IMIDRO), while expressing his sympathy to the honorable and bereaved people of Bandar Abbas and the families affected by the tragic incident at Shahid Rajaee Port, stated: The Persian Gulf Mineral and Metal Industrial Special Economic Zone has actively…
Scrap Prices Fall in Turkey
Imported iron scrap prices in Turkey have fallen to their lowest level since June 2022, recording the lowest level in the past three years, with a decrease of $20 compared to last week. Prices have also fallen by $50 to $60 per ton since the beginning of the month, when they were around $380…
National Iranian Steel Company’s capability to export steel technical and engineering services to Africa
Regarding the 7th Iran Expo 2025 in Tehran, Managing Director of National Iranian Steel Company stated: “We have the capability to export steel technical and engineering services to Africa.” According to the Public Relations of National Iranian Steel Company, Younesian noted: during the third Iran-Africa Economic summit in which domestic producers of localized products…
The program to commence the execution of a $4 billion mining and mineral industries project this year / Aghajanlou’s request to Aref for sustainable energy supply and connecting the south’s special economic zones to railway lines
The chief of the executive board of directors of IMIDRO announced the start of operations for the $4 billion project this year, stating that these projects includes a range of steel, copper, According to the public relations of IMIDRO, Mohammad Aghajanlou during the visit of Mohammad Reza Aref, the First Vice President, and Mohammad…
