News List
Brazil’s iron ore exports fall
Brazil’s iron ore exports edged down by 2% y-o-y to 26.63 mnt in Mar’24 compared to 27.14 mnt in Mar’23, as per Customs data. However, volumes decreased by 6% m-o-m as against 28.3 mnt in Feb. The average price of iron ore shipped from Brazil stood at $92.2/t FOB in Mar, up y-o-y compared…
Iranian Holding Became New Member of the World Steel Association
With the membership of Middle East Mines and Mineral Industries Development Holding company in the World Steel Association,the number of Iranian companies member reached three. Previously, last year, Mobarakeh Steel company & Arfa Steel Company were also became members of the association. The World Steel Association is one of the largest industrial associations in…
China’s PMI Index growth & commodities Market Outlook
The return of China’s key manufacturing index to positive territory for the first time in six months has sparked optimism that commodity demand from the world’s biggest buyer of natural resources is poised to accelerate. The official purchasing managers’ index (PMI) rose to 50.8 in March from 49.1 in February, rising above the 50-level…
18 Percent rise in Iran,s steel chain export
Iran exported $7.6 billion of steel chain products during the last Iranian calendar year (ended March19,2024), up 18 percent y/y. Iran exported 29.902 million tons of the steel chain products worth 7.596 billion dollars during the past Iranian calendar year (ended March 19,2024). During the period under review, export of steel products stood at…
Imports put strong pressure on rolled metal prices
Prices for flat-rolled steel in Europe fell this week due to increased import activity, forcing European producers to adjust their offerings to remain competitive. Two-week Argus Italian flats fell €22.50/t to €730/t ex-works for S235 grades, while north-west European flats on the same specifications also fell €15 euro/t to 765 euro/t. In the south,…
Opportunities and risks in the era of AI
The rapid evolution of artificial intelligence-generated content (AIGC) is perhaps one of the hottest topics discussed at this year’s Boao Forum for Asia annual meeting. In the past year or two, breakthroughs in AIGC applications and the emergence of Sora have indeed shocked the world. Artificial intelligence (AI) technology has shown the potential to…
Empathy & collective effort / strong step to accomplish the goals of provincial projects
Managing Director of National Iranian Steel Company on the occasion of the new year in a meeting with the company’s employees, stated: “by help of empathy and collective effort, a firm step was taken to accomplish the goals of the provincial projects. According to the Public Relations of National Iranian Steel Company, Mohammad Aghajanloo…
Imports put strong pressure on rolled metal prices
Prices for flat-rolled steel in Europe fell this week due to increased import activity, forcing European producers to adjust their offerings to remain competitive. Two-week Argus Italian flats fell €22.50/t to €730/t ex-works for S235 grades, while north-west European flats on the same specifications also fell €15 euro/t to 765 euro/t. In the south,…
Daily record of production of sponge iron in the direct reduction unit of Sefid Dasht & Chaharmahal and Bakhtiari steel is being registered
With production of 2905 tons of sponge iron in the direct reduction unit of Sefid Dasht Steel Company on the seventh day of the first month of the year, the production record was increased to 37 tons. By production of 2905 tons of sponge iron in the direct reduction unit of Sefiddasht Steel…
Electricity generated by 2 industrial units connects Iran national grid
Electricity produced by two more Iranian industrial plants has been connected to the national power grid as part of a plan to boost the electricity generation in the country. The two plants were synchronously connected to the power grid several days into the new Iranian year that started on March 20, said Mostafa Rajabi…
