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In a meeting of managers of major mining companies & mineral industries with the First Vice President and the Minister of Industry, Mine and Trade

Aghajanlou announced the three demands of the mining industries from the government/”Removing the shock of electricity and gas costs”, “directing the company’s profit towards development” and “Participation of the National Development Fund in transferring water from the Sea of Oman”. ‎According to the IMIDRO’s Public Relations , in this meeting, which was held in…

The First Vice President at the meeting of IMIDRO’s Council of Deputies: The fourteenth government is seeking to implement a strategy of replacing mine with oil in the country’s economy.

Referring to the importance of IMIDRO in increasing the country’s GDP, the First Vice President emphasized: “The 14th government seeks to implement the strategy of replacing mining with oil in the country’s economy.”‎ ‎Dr. Mohammadreza Aref, at the meeting of IMIDRO’s Council of Deputies stated: The slogans of “carbon-free and plastic-free development” by developed…

Serious cooperation of universities with steel and petrochemical industries started

The Ministry of Science, Research and Technology and ‎Vice Presidency for Science, Technology and Knowledge-Based Economy‎ inked a memorandum of cooperation with two large industrial companies in order to strengthen cooperation between universities and industry.  ‎‎The cooperation of universities with the country’s large industries has beneficial advantages and results. on the one hand, industries…

Coking coal prices in China fall amid oversupply

Spot coking coal quotations in China (EXW, Anze) decreased by $2.6/t to $170.72/t between May 16 and 23, according to Kallanish. This situation was caused by negative market sentiment and rising stocks. According to Bloomberg, the decline in demand for steel in China is spreading to neighboring markets, with prices for coking coal and…

The European HRC market is fluctuating amid domestic price pressures

On May 22, the prices of hot-rolled coils in Europe in the domestic market showed new signs of decline, as the market Domestic hot-rolled coil prices in Europe showed new signs of decline on May 22, as the market continues to struggle with weakening demand and growing uncertainty. “Everyone expects a continued decline,” a…

Over 6.2m tons of iron ore pellet produced in a month

Production of iron ore pellet in Iran stood at 6.248 million tons in the first month of the current Iranian calendar year, Farvardin (March 21-April21), down 1.4 percent from the figure in the first month of the past year, which was 6.339 million tons. According to the latest report by the World Steel Association…

Billet Became Cheaper in China

 The latest price of billet in the domestic market of China recorded  one dollar cheaper at $408 per ton including VAT.  According to ‎‎Big Mint‎‎, the decline in iron ore prices, the steel market,s recession, and the decline in rebar futures contracts put downward pressure on the price of billet. ‎ ‎ On the…

Amirabad Port Complex: Iran’s Northern Gateway to Eurasia

Amirabad Port Complex, also referred to locally as Imam Khomeini Port, is a principal maritime gateway in northern Iran. Strategically located on the southern coast of the Caspian Sea in Mazandaran province, Behshahr county, the port is situated just 330 kilometers from Tehran and 55 kilometers from Sari, the provincial capital. This advantageous position…

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