News List
Apparent steel consumption in China decreased by 6.2% y/y over 9 months
The industry association calls on the country’s steel plants to be disciplined in limiting production Apparent steel consumption in China decreased by 6.2% year-on-year – to 688 million tons in the first 9 months of this year. Reuters reports this with reference to data from the China Iron and Steel Association (CISA). According to…
IMF revises up its 2024 economic growth forecast for Iran
The International Monetary Fund (IMF) has raised its economic growth forecast for Iran in 2024 amid signs the country is becoming increasingly immune to the economic impacts of U.S. sanctions. In its latest World Economic Outlook published on Tuesday, the IMF forecasted that Iran’s gross domestic product (GDP) will grow by 3.7 percent this…
At the closing ceremony of the 403 Steel Symposium, Managing Director of National Iranian Steel Company was being appreciated
According to the Public Relations of the National Iranian Steel Company, at the closing ceremony of the 403 Steel Symposium, which was held on Thursday, October 25, 2024, at the Kish International Conference Hall, Dr. Mohammad Ghobadi Samani, Managing Director of the National Iranian Steel Company, was honored as one of the supporters of…
Saudi Arabia Megaproject Neom Says It Needs 20% of the World’s Steel
The major Saudi Arabian megacity construction Neom is currently using 20 percent of the world’s steel, according to a spokesperson for the project. Neom is a 10,200 sq mi area in northwest Saudi Arabia that has been turned into the world’s biggest construction site as an urban living megaproject launched in 2017 by Crown…
The monitoring meeting of the 403 Steel Symposium was held in National Iranian Steel Company with the presence of the Managing Director and colleagues present in this scientific event
With the presence of the board of directors, managers and experts, Managing director of National Iranian Steel Company evaluated the achievements of attending the mentioned symposium and the suggestions of the monitoring meeting of the 403 symposium. According to the report of public relations of Nisco, in this meeting, the colleagues present in this…
Iron ore imports to China may reach a record in October
The country is likely to import up to 120 million tons of this raw material during this period. According to ship and port tracking data, China is likely to import up to 120 million tons of iron ore in October this year, hitting a record high. This is stated in a column by Reuters…
IMF revises up its 2024 economic growth forecast for Iran
The International Monetary Fund (IMF) has raised its economic growth forecast for Iran in 2024 amid signs the country is becoming increasingly immune to the economic impacts of U.S. sanctions. In its latest World Economic Outlook published on Tuesday, the IMF forecasted that Iran’s gross domestic product (GDP) will grow by 3.7 percent this…
Global steel output fell by 4.7% y/y in September
Steel production in the 71st country for the month amounted to 143.6 million tons Global steel production in September 2024 fell by 4.7% compared to the same month in 2023 to 143.6 million tons. The figure fell by 0.8% compared to August. This is evidenced by the global ranking of 71 steel-producing countries by…
Engineer Aghajanlou became chairman of the executive board of Imidro
Engineer Atabak, the Minister of Industry، Mine & Trade, by issuing a letter of appointment appointed Mohammad Aghajanlou as the deputy minister and chairman of the executive board of Imidro.
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…
