News List
Iranian economy continues to expand despite sanctions
The World Bank in a recent report on Iran’s economy dubbed “Iran Economic Monitor” said the Islamic Republic’s economy has been expanding despite the sanctions and global economic conditions. According to the WB report, Iran’s economy continued to grow moderately for the third consecutive year in the previous Iranian calendar year (March 2022-March 2023)…
Dalian iron ore extends rally on positive state bank developments
Dalian iron ore futures rose for the fourth straight session and recorded their best day in two months on Friday, driven by optimistic news from China’s state banks. The most-traded May iron ore on China’s Dalian Commodity Exchange ended 3% higher at 973 yuan ($136.16) per metric ton, racking up weekly gains of 3.2%.…
Emergency Response Training Course for Steel projects Firefighters held by Nisco HSE unit
Director of HSE unit of National Iranian Steel Company stated: In order to increase the knowledge and skills of fire fighting staff of steel projects, we have organized a training course for quick response in emergency situations. According to the Public Relations of National Iranian Steel Company, Naeemi, while stating the necessity of this…
Iran and World Steel Production Growth in 11 Months 2023
The World Steel Association has published global steel production figures for 11 months 2023 (January to October). According to this report, 1.715 billion and 100,000 tons of steel were produced in the world during this period. This volume of production was up 0.5 percent from the same period last year. According to the World…
Forecasts for 2024 steel market – good news for steel market in the new year
According to forecasts, a surge in demand and production, a boost in prices, and ultimately a growth in the steel industry’s profit margins will dominate the global steel market in 2024. According to this report, steel demand will continue to grow in much of the world in 2024,while global steel consumption would be 20…
The impact of Russian rail tariffs on coal exports
Russia’s railways are considering coal tariffs in 2024, potentially leading to a 20 to 30 percent increase in rail transport costs. The above measure has the potential to make Russia’s thermal coal rail supply economically costly and affect domestic coal prices, increase the risk of mine closures and affect the Russian coal export market.…
Coal financing is still booming – led by China
The amount of bank financing going to mining coal, the dirtiest fossil fuel of them all, remains at surprisingly high levels. Most of it is coming from China. A new report from researchers at BloombergNEF shows that all funding for coal projects and coal-exposed companies needs to drop precipitously to limit the chances of…
Indian hot sheets cheaper in Europe
India’s export hot sheet in Europe has recently dropped $10 weekly to $695 per ton CFR. There are no buyers for India’s hot sheets In the South East Asian and Middle East markets currently , meanwhile China’s prices are more competitive. China’s hot sheet in the Middle East is $605 to $610 per ton…
Production of 55 million tons of steel is depended to 160 million tons of iron ore annual extraction
Deputy Director General of the Office of Processing and Geological Survey and Mineral Exploration of Iran stated: Production of 55 million tons of steel targeted in the Vision Document 1404 depends on the annual extraction of 160 million tons of iron ore. Gholamhossein Ghorban Karimi added: in order to achieve this amount of production,…
Iran’s steel exports increased by 15.5% during the first 8 months of this Iranian year
Iran’s steel exports increased by 15.5% during the first 8 months of this Iranian year (March 21-November 21), compared to the same period last year, the Iranian Steel Producers Association (ISPA) figures showed. According to the ISPA, the value of the country’s steel exports stood at $4.8 billion in the that eight-month period. The…
