News List
Record breaking in Azerbaijan steel company
According to the Public Relations of the National Iranian Steel Company, quoting the Public Relations of the Azerbaijan Steel Company, Managing director of Azerbaijan Steel Company announced the company’s record breaking for the production of rebar” size 10 “in a single shift. Mikaeel Azimi declared: “The colleagues of this company registered a new…
Coking coal prices remained stable in November
Economic stimulus in China did not significantly affect demand November 2024 was a month of stability for the global coking coal market with little price fluctuation. In Australia (FOB Australia), premium coking coal held the level of $203/t. Meanwhile, on the Chinese CFR China market, prices fell by 0.5% to $214/t by the end…
Iran’s economy grows by 4% in H1 fiscal year
Iran’s Gross Domestic Product (GDP) grew by 4% in the first six months of Iran’s current calendar year (March 20 – September 21), with non-oil GDP rising by 2.6% compared to the same period last year, according to a report by the Statistical Center of Iran (SCI). The SCI report, which was released on…
Steel consumption in Turkey decreased by 1.8% y/y in January-October
Exports of steel products grew by 30.7% y/y over 10 months, while imports fell by 7.2% y/н Consumption of rolled steel products in Turkey in January-October 2024 decreased by 1.8% compared to the same period in 2023 – to 31.4 million tons. This is stated in a press release from the Turkish Steel Association…
Capacity of Iran’s renewable power plants exceeds 1,300 MW
The capacity of Iran’s renewable power plants has reached 1,317 megawatts (MW), based on the latest data released by Iran’s Renewable Energy and Energy Efficiency Organization (SATBA). As IRNA reported, of the mentioned figure, the share of wind power plants is 29 percent with 376.3 MW and the share of solar power plants with…
Iron ore slides as investors fret China stimulus will disappoint again
Iron ore futures prices slid on Thursday as investor sentiment dampened after statemedia in top consumer China emphasized qualitative improvements ahead of a long-anticipated meeting that is expected to set the tone for economic growth next year. The most-traded January iron ore contract on China’s Dalian Commodity Exchange (DCE) ended daytime trade 1.17% lower…
Major Iranian Mining Companies Produced 28.6 MT iron ore Concentrate
iron ore concentrate production of major Iranian mining companies passed 28,6 million tons during the first seven months of the current Iranian calendar year (from March 20 to October 20, 2024). According to the report of public relations of IMIDRO, iron ore concentrate production of 10 major Iranian mining companies stood at 28,606,116 tons…
Sepid dasht Steel Company of Chaharmahal and Bakhtiari is about to have continuous production
In the continuation of launching the steelmaking and casting unit of Sepid dasht Chaharmahal and Bakhtiari Steel Company, the exalted employees of this company, took another step on the way of continuous production of this company by producing slabs at 4 a.m. on Wednesday, November 28, coinciding with the proud week of Basij. According…
Ghadir Neyriz steel complex won three national & international awards
Ghadir Neyriz Steel Complex won three valuable national and international awards with a brilliant performance at the 9th Customer Trust Summit. These honors include the National Customer Trust Award, the International Award for Best Special Technology and incredible Strength in Steel Production with the title: “Best Technology & Strength Steel Industry Awards 2024”, and…
The plans of Azerbaijan Steel company to reduce ‘cost prices’
According to the Public Relations of the National Iranian Steel Company, quoting the Public Relations of Imidro, Managing Director of Azerbaijan Steel Company announced the company’s plan to reduce the ‘cost prices’ of its products. Mikaeel Azimi, stated: part of these plans will be realized with the cooperation of knowledge-based companies, the…
