News List
China’s iron ore imports in March fell to their lowest level in 20 months
China’s iron ore imports fell in March to their lowest level in 20 months, contributing to a 7.8% year-on-year decline in first-quarter shipments to around 285.31 million tons. According to data released by Chinese customs on Monday, the world’s largest consumer of iron ore imported 93.97 million tons of the key steelmaking ingredient last…
2,880 Tons of Sponge Iron daily production record /an Average Rate of 120 Tons per Hour at Pars Foolad Sabzevar Company
A new daily production record of 2,880 tons of sponge iron at an average production rate of 120 tons per hour (15.4% above the factory’s nominal capacity) was achieved on April 11, 2025 (23rd of Farvardin 1404 in the Iranian calendar) based on the efforts, knowledge, and experience of local young employees at Pars…
IMIDRO & Iranian Mining Engineering Organization inked Cooperation Agreement
Cooperation in the fields of technical, educational, and executive affairs of exploration, extraction, processing and mineral industries. The Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) and the Iran Mining Engineering Organization inked a cooperation agreement on “Cooperation in all technical, educational, executive, supervisory, and design in the fields of exploration, extraction,…
Black Sea billet stabilizes against Asian market decline, China is the main reason of price declines
While the Black Sea market is relatively stable, Asian markets are on a downward path due to declining seasonal demand, falling raw material prices, and cost pressures on producers. As the world’s largest billet producer and consumer, China plays a decisive role in the overall market direction. Last week, the price of Black Sea…
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.…
