News List
Smoke Suction Rotor of Steel Industry Produced
Knowledge-based researchers in Isfahan by acquiring Knowledge of production of three equipment of steel centers have freed this industry from dependence on European countries. According to IRIB news agency, Isfahan Center managing director of the knowledge-based company nominated ,smoke sucker rotor, damper and Casing as the company’s new products and stated: “The company…
Gold prices edge lower
Gold prices fell in Asian trade on Monday amid increasing bets that the Federal Reserve will keep interest rates higher for longer, although some safe-haven demand and near-term dollar weakness kept the yellow metal above key levels. Bullion prices were hit with a heavy dose of profit-taking in January as traders unwound bets that…
Iran’s industrial growth exceeds that of 164 states in 2022
Figures by the United Nations Industrial Development Organization (UNIDO) shows that the growth in Iran’s value-added industrial production in 2022 reached 6.5%, exceeding that of 164 states in the world. UNIDO had reported in its International Yearbook of Industrial Statistics that Iran’s value-added industrial production increased by 6.5% in 2022, up from 6.6% reported…
On the occasion of the 3rd Steel Making and Continuous Casting Conference of Hormozgan Steel
Steelmaking and Continuous Casting Conference on the Verge of Holding / An Event for Innovation and New Technologies in Steel Industry/ Third Conference seeks to apply new technologies in the steel industry. The third steel making and continuous casting conference of Hormozgan Steel Company will be held in the first week of…
Arcelormittal invests $2 billion to decarbonize French steel industry
ArcelorMittal’s French Steel Plants Get Near $2 Billion Decarbonization Fund ArcelorMittal on Friday announced a 1.7 billion euro ($1.94 billion) investment program in decarbonization in France. Theinvestment, supported by the French government, will reduce ArcelorMittal’s carbon emissions by 40% in France by 2030, the steelmaker said.
Rio Tinto hopes for gradual improvement in iron ore demand
Rio Tinto Group, the world’s top iron ore exporter, sees increased stimulus measures in China driving the broader economy into a gradual recovery this year. China’s economy started to show signs of stabilizing early in the fourth quarter as increased spending on infrastructure and manufacturing helped offset prolonged weakness in the beleaguered property sector,…
Eliminating fossil fuels is inevitable
United Nations Secretary-General Antonio Guterres stated: the phase-out of fossil fuels was essential and inevitable to avoid a global climate catastrophe. “Let me be very clear again: the phase-out of fossil fuels is essential and inevitable. No amount of spin or scare tactics will change that. Let’s hope it doesn’t come too late,” he…
The global consumption of scrap declined
Global scrap consumption fell 5% in 2023,reached to 588 million tonnes. Statistics show that 42% of this global consumption allocates to China and its imports increased by 5% to 237 million tonnes. Among the reasons for the last year’s decline in iron scrap consumption, a decline in scrap consumption in steel production, decrease in…
Iran steel export passes 9mln metric tons
The latest report from the Iranian steel producers’ association says that country’s exports of steel have passed nine million metric tons in the first nine months of the Iranian calendar year starting on March 21, 2023. Such a figure is considered as a new record the latest of which goes back to about two…
Power plants with 2,000MW capacity built by industrial sector to go operational next year
Managing director of Iran’s Power Generation, Distribution, and Transmission Company (known as Tavanir) has said 2,000 megawatts (MW) of power plants built by the country’s major industries are going to go operational by the end of the next Iranian calendar year (late March 2025). Mostafa Rajabi Mashhadi said the industrial sector has so far…
