News List
POSCO plans to produce all steel using hydrogen by 2050
By 2030, the steelmaker expects to complete the commercialization of the HyREX technology. South Korean steelmaker POSCO plans to complete the commercialization of its HyREX technology by 2030, and by 2050, switch its steel mills in Pohang and Gwangyang to steel production based entirely on hydrogen reduction technology. This was reported by Business Korea.…
The World’s Second-Biggest Coal Company Is Looking to Exit the Industry
The world’s second-biggest coal company is looking to get out of the coal business. For years now, Glencore has stayed stalwart in its dedication to the coal sector, reaping the benefits as other companies have dropped out of the market under increasing pressure to phase down and phase out the world’s dirtiest fossil fuel.…
Increasing of steel production & strong growth in iron ore prices in China
Iron ore prices have risen by almost two-fifths since May due to a surge in Chinese steel production despite a sharp downturn in China’s real estate sector, contrary to investor expectations. Iron ore has experienced up to 38 per cent price growth over the past seven months and was $US137 last week. The upward…
Managing director of National Iranian Steel Company visited Mianeh Steel Complex
Managing director of National Iranian Steel Company and the accompanying delegation visited different parts of steel making project of Mianeh Steel Complex. According to the Public Relations of Mianeh Steel Complex, during the visit, which was accompanied by a group of managers of National Iranian Steel Company and the executive board of Mianeh Steel…
Steel is at the core of a green economy
The steel industry does not compromise on environmental responsibility. Steel is the world’s most recycled material and 100% recyclable. Steel is timeless. We have improved steel production technology to the point where only the limits of science confine our ability to improve. We need a new approach to push these boundaries. As the world…
More than 54% progress in the first phase of the Oman sea water transfer to Isfahan /8,000 job creation due to Isfahan water transmission line
The physical progress of the Oman Sea water pipeline to Isfahan province with IMIDRO led to 54.26%. Progress in the first phase of the water transfer of Oman Sea to Isfahan more than 54% / 8,<> people job of Isfahan water transmission line According to IMIDRO, the operation of the Oman Sea water transmission…
IMIDRO Ready to Export Mining Technology to Eurasia
IMIDRO is ready to export mining technology to Eurasian countries, Chairman of the board of IMIDRO said. According to the report of public relations of IMIDRO, acquiring cutting-edge mining technology and indigenizing the technology is one of IMIDRO’s priorities, Mohammadreza Movassaqinia announced. He made the remarks on the sidelines of a visit to the…
stability of the Brazilian giant’s mining iron ore production
It is expected that brazil’s Vale Mining Company to produce 310 to 320 million tonnes of iron ore next year, which is relatively similar to the planned production of this year. It is also estimated that its iron ore production will reach 315 million tons this year. The company’s latest quarterly report showed the…
Dalian iron surges nearly 4% amid upbeat export figures
Iron ore futures gained on Thursday, as market participants reacted to upbeat export figures from China and positive updates from major producers. The most-traded May iron ore on China’s Dalian Commodity Exchange (DCE) rose 3.9% to 941 yuan ($131.46) per metric ton at closing. On the Singapore Exchange, the benchmark January iron ore was…
Iran’s export to EAEU members rises 20% in 8 months
The value of Iran’s exports to the members of the Eurasian Economic Union (EAEU) increased by 20 percent in the first eight months of the current Iranian calendar year (March 21-November 21) as compared to the same period last year, the spokesman of the International Relations and Trade Development Committee of Iran’s House of…
