News List
Comprehensive supervision of safety, health and environmental affairs of provincial projects
The manager of the HSE unit of National Iranian Steel Company announced comprehensive supervision of all safety, health and environmental issues of provincial projects in 1402 (Iranian calendar). Fatemeh Naeemi, while expressing the performance and actions taken by this management, stated: During the current year, according to the previous years and along with the…
Iron ore at the bottom during the last 7 months
The latest price of imported iron ore 62% purity in China dropped $8.25 to $108.4 per ton ,in China. This sharp drop has pushed iron ore prices to a seven-month low due to China’s negative economic data and weak economic indicators along with a decline in steel production.
Deep-sea mining could cost $500 billion in value destruction, study says
The Metals Company will source metals from polymetalic rocks, found in deep oceans. Mining the seafloor for key minerals and metals could negatively impact the industry, resulting in $500 billion of lost value and causing damages to the world’s biodiversity estimated to be up to 25 times greater than land-based mining, a new report…
Carbon Engineering Project: A New Step in Environmental Conservation
At the sites designed by the project, large fans take CO2 air directly from the atmosphere and store it underground or convert it into carbon fuels used in industries and transportation after a series of processes. According to project officials, the site has the capability to absorb 1 million tons of CO2 per…
Shadegan meltdown 2, Neiriz pelletizing and casting 2 of Sepidsht are on the way
Manager of plan & Development of Nisco stated: along the new plannings of National Iranian Steel Company in order to develop the provincial steel projects, construction of Shadegan 2 smelting unit with a capacity of 800 thousand tons, pelletizing Neiriz with a capacity of 2.5 million tons and casting 2 of Sepidsht with a…
Sangan Granulated Iron Ore Production Jump 128 Percent in 11 Months
Granulated Iron Ore production of Sangan Complex during the first 11 months of the current Iranian Calendar year(March20,2023_Febrauary21,2024), up 128 percent yoy. According to the report of public relations of IMIDRO, granulated Iron Ore production of Sangan Complex stood at 1,538,000 tons during the first 11 months of the current Iranian Calendar year(March20,2023_Febrauary21,2024) indicating…
Iron ore futures mixed as investors assess China’s economic targets
Iron ore futures prices were mixed on Tuesday, as investors digested a raft of key economic targets set by policymakers in top consumer China’s annual meeting of the National People’s Congress. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) ended daytime trade 0.69% higher at 879.5 yuan ($122.17) a metric…
The largest sponge iron factory in the country opened in Khouzestan Steel
Iranian President Ebrahim Raisi inaugurated the Atiye Middle East Steel Plant via video conferencing during his visit to Khuzestan province, southwestern Iran. The Atiye Middle East steel plant, located in Ahvaz, has a production capacity of 600,000 tons and was established with an investment of 50,000 billion rials (approximately $83 million) from the private…
Baft (2 ) Sponge Iron Factory is being included in the opening list
Sponge Iron Production Unit No. 2 of Baft Steel Complex was inaugurated in the list of ready projects of mining and mining industries by IMIDRO’s leadership. the capacity of unit No. 2 of baft direct reduction is 800,000 tons. The preparation of this project is in line with the 100-week IMIDRO plan.…
The board of directors of the Iranian Steel Producers Association visited the Persian Gulf Special Zone.
In this meeting, Mohammad Reza Pirhosseinloo, MD of the Persian Gulf Special Economic Zone, announced: The special zone is about 5,000 hectares, The most important advantage of the Special Zone is the availability of its electricity, gas and water supply, infrastructure. He added that the amount of unloading and loading of minerals in the…
