News List
Mobarakeh Steel Projects for Power Supply
Mohammad Yaser Tayebnia, Managing director of Mobarakeh Steel Company stated: One of our main measures in the current situation is to focus on developing projects that balance the steel chain and sustainability of production. Along with the steel chain, due to the limitations in the energy field, the first phase of the 914-megawatt combined…
The first meeting of the Localization committee and Development of Iron and Steel Chain Technology
The first meeting of the Localization committee and Development of Iron and Steel Chain Technology was held in the Organization for Scientific and Industrial Research, the International Science and Technology Park of the Islamic Republic of Iran. According to the Public Relations of National Iranian Steel Company, the main goal of this meeting was…
Iron ore set for weekly gains on China support measures
Iron ore futures rose on Friday, reversing earlier weakness and on track for weekly gains, as additional signs of a stabilising Chinese economy underpinned sentiment already buoyed on extra stimulus for the world’s biggest steel producer.The most-traded January iron ore on China’s Dalian Commodity Exchange ended daytime trade 2.1% higher at 889.50 yuan ($121.57)…
In the first half of the year over 18.8m tons of sponge iron was produced
According to the Iranian Steel Producers Association (ISPA), 18.86 million tons of sponge iron was produced in Iran in the first half of the current Iranian calendar year (March 21-September 22). Direct reduction iron (DRI), also called sponge iron, is produced from the direct reduction of iron ore (in the form of lumps, pellets,…
Iran got rank 19 in Home Appliances Industry with Mobarakeh Steel Products
Mobarakeh Steel Strategy in supplying the maximum needs of the country’s home appliance manufacturing plants, especially in the conditions of sanctions, has provided the opportunity to increase production capacity, supply of domestic needs and export of $ 300 million and the 19th world ranking in the field of home appliance products. Nowadays we can…
Growth in scrap prices in turkey, Contrary to market expectations
In Turkey’s scrap import market, the latest average heavy scrap price of 20-80 has risen daily to $5.5 per ton CFR. Deals for U.S. and European scrap have been finalized in recent days، ranging from $357 to $5 for heavy scrap. On the other hand, the growth in scrap prices forced factories to raise…
Vale’s third-quarter profit slips but beats expectations
Brazilian miner Vale reported on Thursday a 36% year-on-year decline in third-quarter net profit, landing above analyst estimates. Vale, one of the world’s largest iron-ore miners, reported profit of $2.84-billion, while analysts polled by LSEG expected $2.55-billion. Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) came in at $4.18-billion, below analysts’ estimates of…
Steel production stands at 56.5m tons in first half of the year
Production of steel in Iran stood at 56.5 million tons in the first half of the current Iranian calendar year (March 21-September 22), the Iranian Steel Producers Association (ISPA) announced. As previously announced by an official with the ISPA, production of steel in the country increased by 8.5 percent in the previous Iranian calendar…
Iron ore slumps as China property, steel output woes persist
Iron ore futures fell , weighed down by concerns about China’s ailing property market and weaker-than-expected steel production. The most-traded January iron ore on China’s Dalian Commodity Exchange DCIOcv1 fell 27.5 yuan, or 3.2%, to 839 yuan ($114.64) per metric ton at the close of daytime trade. The contract has so far made a…
In 2020, 3.7 gigatons of carbon dioxide were produced in the global steel industry
Managing Director of National Iranian Steel Company expressed that the carbon dioxide production of the world steel industry in 2020 is equivalent to 3.7 gigatons. Mohammad Aghajanloo, who spoke as a lecturer at the 25th Steel Symposium on “Green Steel Solutions” considered the iron-making process as the largest share of carbon dioxide emissions, and…
