News List
Cautious outlook for Asia Steel in the second quarter
In the second quarter of 2025, the Asian steel market has faced increased trade tensions, tariff threats, and supportive measures. This situation comes as steel futures prices in China have fallen and spot market steel prices have fallen sharply in early April. Meanwhile, Asian steel market participants are cautious and trying to…
Iran Expo facilitates exchanges between Iran and Africa / $10 billion surge in trade
The Minister of Industry, Mine, and Trade, while pointing to the widespread future cooperation potentials between Iran and Africa, announced a tenfold increase in trade transactions, reaching up to $10 billion. Mohammad Atabak declared: during the opening of the third Iran-Africa Cooperation summit, attended by President Masoud Pezeshkian and First Vice President Mohammad Reza…
Vale sees iron ore prices above $85 despite tariff turmoil
Vale SA, one of the world’s top iron ore producers, dismissed analysts’ predictions that prices of the steelmaking material will tumble below $85 a ton amid a tariff-fueled economic slowdown. “Below $90 a ton there will be a very significant percentage of global production that will be under water, that will lose money, and…
Imidro’s sea-based strategy development program in the form of a comprehensive plan/ Emphasis on accelerating the implementation of programs in the joint working group of the sea-based economy
The Chairman of the Executive Board of Directors of Imidro stated: This organization’s plan to develop a sea-based strategy in order to grow exports and implement the policies of this sector in the field of mine and mineral industries. According to the Public Relations of Imidro, Mohammad Aghajanlou, in a co-thinking meeting to…
IMF forecasts economic improvement for Iran by 2026
The International Monetary Fund (IMF) has projected a modest improvement in Iran’s economic outlook, with the country’s gross domestic product (GDP) expected to grow by 1.1 percent in 2026. According to the latest IMF report, Iran’s economy is projected to grow by only 0.3 percent in 2025. However, the Fund anticipates a rebound to…
Imidro’s presence and its affiliated companies in the 7th Iran Expo 1404 exhibition (Iranian Calendar )
The 7th Exhibition of Iran’s Export Capabilities Expo 2025 will be held between April 28 and May 2 when domestic and foreign companies will present their products and services at the Tehran Permanent International Fairground with the presence of IMIDRO and its subsidiaries. According to the Public Relations of Imidro, this organization is…
Historic surge in Monthly Production of Slabs and Sponge Iron April 2025 (Iranian calendar) / Hormozgan Steel company
The hard-working employees of the continuous steelmaking and casting unit of Hormozgan Steel Company registered a new record in monthly production in April this year (Iranian calendar )with the production of 165,487 tons of slabs. The previous record was 163,199 tons. Also, in this month, new records were recorded in the…
In a meeting with the Deputy Minister of Investment, Industry, and Trade of Uzbekistan and Aghajanlou, it was emphasized that:
The mines chain provides a suitable opportunity for developing economic relations with Uzbekistan / Iranian companies have a high potential for exporting technical and engineering services to Uzbekistan. Chairman of the Executive Board of Directors of IMIDRO stated: the mine and mineral industries sector is a suitable area for developing relations with Uzbekistan. According…
Operation of 2 billion dollars mining & mineral industries project in 1403 (Iranian Calendar )Creation of 5,000 direct jobs in the country
The Chairman of the executive Board of Directors of Imidro announced the operation of 2 billion dollars of mining & mineral industries project in 1403 (Iranian Calendar ). According to the Public Relations of Imidro, Mohammad Aghajanlou stated: Mehdiabad zinc concentrate, Kahnouj titanium slag and a number of projects in the field of copper…
Sefid dasht Steel company’s significant step in the year of “investment for production” with a monthly record of sponge iron production
According to the public relations of Sefid dasht Steel Company, in April 2025, the hard-working team of this company, with the production of 91,047 tons of sponge iron, succeeded in improving the monthly record by 1,025 tons compared to the last record in May 2024 (90,022 tons). We congratulate this valuable achievement to the…
