News List
20% rise in Annual exports to Eurasian Economic Union
Iran’s exports to member states of the Eurasian Economic Union (EAEU) rose by 20 percent in the previous Iranian calendar year (ended on March 19), reaching over $2.0 billion, according to figures released by Iran’s Customs Administration. The volume of exports to EAEU countries totaled 5.059 million metric tons—up 21 percent compared to the…
Sangan Steel Breaks Records at the End of year 1403 (Iranian calendar)
Sangan Steel Company achieved an outstanding performance in Esfand (February/March) 1403 (Iranian calendar year), exceeding expectations by producing 463,000 tons of pellets and 342,000 tons of concentrate, equivalent to 152% and 148% of its planned targets, respectively. These records demonstrate meticulous planning, high efficiency, and effective management in challenging economic conditions. Furthermore, the company…
Younesian’s message on the occasion of the beginning of the year 1404
In the name of Allah, the Beneficent, the Merciful, The beginning of the New Year and spring are coincide with the delightful fragrance of the holy month of Ramadan. This time also presents a valuable opportunity to purify our hearts, re-examine our circumstances, and renew our covenant with Almighty God. I would like to…
China’s steel output, demand to fall again in 2025
Both crude steel production and apparent consumption in China are expected to decline in 2025, with output contracting at a faster pace than demand, according to Mysteel’s newly published forecast for the domestic steel market next year. The drop in steelmakers’ production will likely be driven by weakening steel exports, it notes. Mysteel predicts…
Launching the oxygen plant of Ghaenat Steel Complex by domestic experts
The oxygen plant of Ghaenat steel complex was launched by the experts of this complex and Iritec Company. This project has the capacity to produce 5,500 normal cubic meters per hour of oxygen. The main purpose of the oxygen plant is to separate oxygen, nitrogen, and argon gases in the air for…
Steel prices may fall by another 4% in 2025
The global steel and raw materials market continues to experience a crisis caused by the simultaneous growth of exports from China and declining demand in key markets. In 2024, China’s steel exports increased by 25%, reaching 115-118 million tons. This coincided with a 3-4% drop in the activity of steel-consuming industries in the EU.…
China’s steel exports reach new record in 2024 / surpass 100 million tons and Impressive growth in Middle East markets
Chinese steel exports are projected to hit an eight-year high in 2024, potentially exceeding 100 million tons, according to the Financial Times. This surge is attributed to a significant decline in domestic demand, prompting manufacturers to increase exports primarily to Southeast Asia and Europe. However, China’s steel market will face challenges in 2025. The…
Unveiling the new version of the National Steel Atlas at the 6th National Iranian Steel Festival and Exhibition
According to the Public Relations of the National Iranian Steel Company: In the presence of Seyyed Mohammad Atabak, Minister of Industry, Mines &Trade, the new version of the National Iranian Steel Atlas was unveiled at the 6th National Steel Festival and Exhibition. This atlas is a comprehensive map of the geographical location of all…
Use of clean energy, main solution to address shortages
President Masoud Pezeshkian held a meeting with directors of Iran’s steel industry on energy shortages which he said have left adverse effect on industries. The president emphasized that the use of clean energy is the main solution to address the existing shortages while consumption should be reduced as well. “One of the main challenges…
Signing of a Memorandum of Understanding between Sepid dasht Chaharmahal and Bakhtiari Steel Company and Iran Transfo
According to the Public Relations of the National Iranian Steel Company, quoting the Public Relations of Sepid dasht Steel Company, this MoU was inked due to the localization and technology development. With regard to the capabilities of Iran Transfo, the localization of furnace transformers required by Sepid dasht Steel Company will be carried out…
