News List
Iran’s steel ingots export stands at $730m in 6 months
The value of Iran’s steel ingots export stood at $730 million in the first half of the current Iranian calendar year (March 20-Septemebr 22), the Islamic Republic of Iran Customs Administration (IRICA) reported. As reported, the country exported 5.7 million tons of steel products worth $2.9 billion in the six-month period. Steel products export…
Georgia Metal starts test production of rebar in Zestafoni
The largest share of rolled steel imports by the Georgian market is rebar, so the new plant will cover domestic needs Georgian steel trading company Georgia Metal LLC has started test production of rebar at a new rolling mill in the municipality of Zestafoni. This is reported by Kallanish with reference to the investor’s…
Iron ore price spikes briefly as China plans fresh fiscal briefing
Iron ore rebounded as China announced another briefing on policy support, rebooting speculation major fiscal measures will be rolled out after an address on Tuesday left investors disappointed. The steelmaking staple spiked more than 3%, before giving up most of that gain, after the State Council said Finance Minister Lan Fo’an would introduce moves…
Monthly sales of industrial companies active in stock market up 13%
The sales index of Iranian industrial companies active in the stock market has grown 13 percent in the sixth Iranian calendar month of Shahrivar (August 22-September 21) as compared to the figure for the same month in the previous year. Based on official data, the total sales of the mentioned companies (except for petrochemical…
Putting steel circularity at the heart of Europe
Europe needs to focus on the lifecycle of steel packaging, ideally leading to improved recycling rates. Steel for Packaging Europe wants to convince people not to throw their steel packaging away with their general waste, but to recycle it. Steel for Packaging Europe, the Association of European Producers of Steel for Packaging, has outlined…
Surge in Production in Sepiddasht Steel
The amount of sponge iron production in the Sepiddasht Steel DRI Unit reached 490,000 tons during the first half of this year, it indicates a growth of 3.6% in the year of surge in production. According to the company’s officials, the upward trend of production in the months of June, July, and August…
Iron ore prices rise to 3-month high
Since the end of September, the market has been showing significant growth amid the stimulus of the Chinese economy Over the past week, September 30-October 7, 2024, the iron ore market experienced strong growth, fueled by new economic stimulus from China. Prices for raw materials continued to move upward, reaching a three-month high amid…
Steel market is experiencing the longest downturn in 20 years
The global steel market is experiencing its longest downturn in 20 years, said Yuriy Ryzhenkov, CEO of Metinvest Group, at the Siderweb 2024 forum held on 26 September in Vicenza, Italy. The cyclical steel market peaked in late 2021 and early 2022. The market then declined due to the outbreak of the war in…
Pellet production will reach five million tons/operation deputy of sangan steel
The operation deputy of Sangan Steel Mining Industries Company announced :the pellet production at the nominal capacity of this factory will be realized by the end of the year. Basid Ali Shamsinia stated: Sangan Steel Company is a subsidiary of Mobarakeh Steel and has a pelletizing unit with a capacity of five million…
Hyundai Steel Orders Blast Furnace Gas Injection Study to Improve Production and Reduce Carbon Emissions
Primetals Technologies to determine the best enabling technologies to minimize blast furnace carbon emissions -Identify the optimal route to maximize production and ironmaking efficiency -Potential to improve operating costs and lower the cost per ton of hot metal Recently, Hyundai Steel in Dangjin, South Korea, has placed an order with Primetals Technologies for a…
