News List
Behabad Yazd pelletizing plant, is on the eve of operation/4 million tons
Behabad Pelletizing Plant with a capacity of 4 million tons per year will be put into operation and producing the final product very soon, after final tests. Ahmad Sadeghian, Managing Director of Ghadir Iranian Iron and Steel Company, stated in an interview with Chilan: “At the moment, preliminary measures have been taken to start…
Iron ore prices down 3% since the beginning of November
Weak economic signals from China continue to put pressure on iron ore prices Since the beginning of November 2024, iron ore futures on major Asian exchanges have been declining, reflecting global economic trends and expectations of stimulus measures from China. In particular, January futures on the Dalian Commodity Exchange fell by 3.3% – to…
Tehran, Beijing sign MOU on trade co-op expansion
Tehran Chamber of Commerce, Industries, Mines, and Agriculture (TCCIMA) and China Council for the Promotion of International Trade Beijing Sub-council (CCPIT Beijing) signed a memorandum of understanding (MOU) to expand trade cooperation, IBNA reported. As reported, the MOU was inked by TCCIMA Chairman Mahmoud Najafi-Arab and CCPIT Beijing Chairman Guo Huaigang during a meeting…
World’s top two iron ore miners raise output even as China slows
The world’s two biggest suppliers of iron ore, Rio Tinto Group and Vale SA, raised output of the steelmaking material last quarter, even as demand from China faces headwinds due to the nation’s unresolved property crisis. Rio’s third-quarter output edged up about 1% from a year earlier, while Brazil’s Vale beat estimates to churn…
BHP Continues Decarbonization
The Australian mining company BHP stated: it will continue its cooperation with the Swiss company ABB in several fields, including decarbonization. The mentioned companies inked a multi-year agreement that provides the parties more opportunities to collaborate on project’s support, operational operations and maintenance, and to progress the operational decarbonization in all parts of their…
The total export volume of the iron and steel chain reached 16,519,000 tons
The Iranian Steel Producers Association published the value of steel and steel products exports in the first seven months of this year, which indicates that volume of iron and steel chain exports reached 16,519,000 tons. According to IRNA’s economic correspondent, the value of exports of the entire iron and steel chain during…
Danieli EAF technology selected for automotive-exposed grades
Shougang is the first BF-BOF steel enterprise in China that has achieved ultra-low emissions. Pursuing this vision Shougang selected Danieli Zero Bucket technology to be first in producing automotive-exposed grades by EAF. Featuring horizontal preheating and continuous charging technology, the new Danieli Zero Bucket will have a capacity of 160 ton of tapped steel.…
Technical-engineering services export stands at $700m in 7 months
The value of Iran’s technical-engineering services stood at $700 million during the first seven months of the current Iranian calendar year (March 20-October 21), the Islamic Republic of Iran Customs Administration (IRICA) has announced. According to the chairman of the board of directors of Iran Power Industry Syndicate, Iran has good capacities for exporting…
Baosteel produced 13.3 million tons of steel in Q3
For 9 months, the total volume of steel production by the company amounted to 39.61 million tons China’s largest steelmaker Baoshan Iron & Steel (Baosteel), a subsidiary of the state-owned China Baowu Steel Group, produced 12.56 million tons of pig iron and 13.3 million tons of steel in the third quarter of 2024, Reuters…
Ghadir Neyriz Steel Solar Power Plant /ready
The 10-megawatt solar power plant of Ghadir Neyriz Steel Complex in order to solve some of the energy imbalances, is ready to be used. In order to realize the sustainable development and the supply of energy to be used in the production lines, the mentioned complex purchased the shares of the 10-megawatt Kooshk…
