News List
How AI Will Impact Energy Industry Margins Over the Next 5 Years
Investors have poured billions into AI-related companies, but adoption is moving slowly across American firms. According to the Census Bureau, just 5% of American businesses have used AI to produce goods and services over the last two weeks, highlighting that market enthusiasm is not yet matching the real economy. Despite this slow progress, AI…
Steel and scrap prices in Asia may rise in Q4 – forecast
In the fourth quarter of this year, prices for ferrous metals and scrap may rise in Asia, according to Argus Media. This could be driven by economic incentives from Beijing, rising demand and disruptions in scrap supplies. The positive trend may be limited by softer demand in some countries in the region. At the…
Iron ore concentrate export stands at $241m in 6 months
Iran exported 3.246 million tons of iron ore concentrate worth $241 million during the first six months of the current Iranian calendar year (March 20-September 21), according to the data released by the Iranian Steel Producers Association (ISPA). As ISPA reported, the country had exported 3.346 million tons of the product worth $298 million…
Nippon Steel Receives 2024 Award for Excellence in Corporate Disclosure from the Securities Analysts Association of Japan in Two Categories:Industry Specific and Disclosure to Individual Investors
Nippon Steel Corporation has received the “2024 Award for Excellence in Corporate Disclosure” in the Steel/Non Ferrous Metal Industry category, from the Securities Analysts Association of Japan (“SAAJ”). This year, in addition to being rated first place in the Steel/Non Ferrous Metal Industry category, we received the second-highest score in “Disclosure to Individual Investors”…
Industry Ministry prioritizes comprehensive development plan for mining sector
Iran’s Deputy Industry, Mining and Trade Minister Vajihollah Jafari has said implementing a comprehensive plan for developing the country’s mines is a priority of the ministry to achieve the goals set for the mining sector in the seventh National Development Plan (2022-2027). “The strategic plan has been formulated in 17 paragraphs and its priorities…
Brazil’s Vale posts highest quarterly iron ore output since 2018
Brazilian miner Vale (VALE3.SA), opens new tab reported a 5.5% increase in its third-quarter iron ore production compared to a year earlier, reaching the highest level in almost six years. The company, one of the world’s top iron ore suppliers, reported output of 91 million metric tons in the three months ended Sept. 30,…
Global consumption of recycled steel to be developed
The International Recycling Organization (IRO) prefers the term “recycled steel” to “scrap iron” in order to engage public opinion and policymakers about the importance of recycled materials in global steel production. Approximately 630 million tons of recycled steel are used annually, caused a reduction of nearly 950 million tons of carbon dioxide emissions while…
Yazd province of Iran exports over 1,200 tons of non-oil goods in H1
The director general of Industry, Mine and Trade Organization of Yazd province said that 1,279 tons of non-oil goods, valued at $226 million, were exported from the country in the first six months of the current year. Metallic- and non-metallic minerals, oil lubricants and polymer products were of the main goods exported from the…
Iran plans to increase renewables capacity to 50 GW
Iran’s energy minister says the country seeks to increase electricity generation capacity from renewable sources of energy to 50 gigawatts (GW) in the next five years. Abbas Aliabadai said on Monday that the government will provide loans and incentives to households and private sector investors who contribute to the expansion of the renewable sector…
The first specialized meeting of the Human Resources Committee was held at National Iranian Steel Company(NISCO)
The first specialized meeting of the Human Resources Committee of IMIDRO and a group of human resources managers of affiliated companies and complexes was held with the presence of Dr. Goudarzi, Director of Human Resources, Training and Support of Imidro at National Iranian Steel Company. According to the Public Relations of the National Iranian…
