News List
Launching the First Unit of Golgohar Power Plant /countdown
This gas power plant has been constructed and completed in line with Article 4 of the law on obstruction of the country’s electricity industry and the MoU between the ministries of industry,mine&trade and Power with IMIDRO guidance. According to that legal article and the Memorandum, it was determined that 10,000 MW of new capacity…
Iron ore reserves stand at 3.8 billion tons
The head of the Geological Survey and Mineral Exploration of Iran (GSI) has said the country’s iron ore reserves currently stand at 3.8 billion tons, adding that the figure can increase with new exploration. Alireza Shahidi said the mentioned figure would be enough to meet the country’s needs for the next 14 to 15…
In the first 11 months of the year/ $7 billion steel products exported
Iran exported about 27 million tons of steel products worth $7.0 billion in the first 11 months of the current Iranian calendar year (March 21, 2023-February 19, 2024), according to the Iranian Steel Producers Association (ISPA). As reported, the exports of the mentioned products increased by 20 percent in terms of value and 68…
The austenitic stainless steel plate is made by the first time
Mobarakeh steel company for the first time in the country produced austenitic stainless steel slab grade 316 MohammadAli Shafiei, Technical officer of Continuous Casting and Steel making stated: in line with the strategy of producing special steels in Mobarakeh Steel Company, “Austenitic” stainless steel slab Grade 316 was produced. He continued: This success was…
Industrial @ economical cooperation / Iran, Zimbabwe ready to expand
The Head of Iran’s Small Industries and Industrial Parks Organization (ISIPO) in a meeting with the ambassador of Zimbabwe to Tehran emphasized Iran’s readiness to deepen economic relations with Zimbabwe. Farshad Moghimi in a meeting with Bright Kupemba, the ambassador of Zimbabwe to Tehran said that Iran is ready to lay the ground for…
Iranian Production of iron ore concentrate rises 7% in 10 months of the current year
The production of iron ore concentrate in Iran increased by seven percent in the first 10 months of the current Iranian calendar year (March 21, 2023-January 20, 2024), as compared to the same period in the past year, according to the data released by the Iranian Mines and Mining Industries Development and Renovation Organization…
Trilateral “MOU” inked between Geological Survey, IMIDRO and Geo-Russia
In the presence of Oil Minister Javad Oji and Russian Deputy Prime Minister Alexander Novak as the heads of the Economic Cooperation Commission of the two countries, Iran and the Russian Federation signed 19 cooperation documents at the end of the 17th meeting of the Commission on Economic Cooperation between Iran and…
Stability in Japan’s scrap market
Japan’s scrap export market is stable due to demand stagnation in importing countries and the boom in the domestic market. The average price of Japan’s Class 2 heavy scrap is $347 per tonne of FOB , which is up very slightly. In Taiwan, Japan’s scrap is $380 to $385 per ton of CFR, while…
New investors will revive Italy steelworks, Meloni says
New investors are likely to emerge to help revive Italy’s steel industry after the government took charge of ArcelorMittal’s (MT.LU), opens new tab plants in the country this week, Prime Minister Giorgia Meloni said on Thursday. The government is looking for new industrial partners for Acciaierie d’Italia (ADI) — the Italian steel business. ADI…
Iran ranking improves 6 places among ISO members
The head of the Institute of Standards and Industrial Research of Iran has said the country’s ranking among the 168 member countries of the International Standard Organization (ISO) has improved from 26th to 20th place. “Based on the latest reports of international organizations, Iran’s national standards organization has reached the 20th place in the…
