News List
Growth of iron ore
Iron ore futures rebounded on Wednesday, as better-than-expected industrial profits data in top consumer China buoyed sentiment, although lingering demand concerns amid persistent weakness in the country’s crisis-hit property market curbed gains. The most-traded January iron ore on China’s Dalian Commodity Exchange (DCE) ended daytime trading 0.59% higher at 846.5 yuan ($115.89) a metric…
Pioneer projects of Qhorveh and Bijar / Completion of Kurdistan Steel Chain / New Equipment are on the Way
Managing Director of Kurdistan Steel announced: owing to the appropriate season of the year the foundation and concreting operations of the Kurdistan Steel DRI Project have been carried out. According to the public relation of IMIDRO, he continued: at present 1400 cubic meters in the daily reservoir section are being concreted and also about…
Iran Rail Expo 2023 opens in Tehran
The 10th International Exhibition of Iran Rail Expo, has kicked off in tehran. Mehrdad Bazrpash attended the opening ceremony of Iran Rail Expo on Tuesday. Over 100 domestic and foreign manufacturing, knowledge-based, and transportation companies are present in the four-day Iranian exhibition. From 100 participating companies, 12 are from China and Russia. The Iran…
2/2% increase in world steel production
According to the World Steel Association, according to the reports of 63 countries a 2.2 percent growth of 152.6 million tonnes last month is seen, but in fact it was a 3.72 percent drop from July. In the meantime, China’s output rose 3.2 percent in August, with 86.4 million tonnes. India’s production grew 17.4…
Coal consumption will only begin to decline after 2027 as renewables such as wind and solar energy take over
China’s continued reliance on coal-fired electricity plants is pushing the country “off track” from the Paris Agreement goal of limiting global warming to less than 1.5 degrees Celsius by the end of the century, according to energy analysts. The world’s largest energy consumer, China will increase its coal consumption until 2026 and will only…
Iran 10th largest steel producer in the world
Iran produced 19.7 million metric tons (mt) of crude steel in the first eight months of 2023, retaining its position as the tenth largest steel producer in the world, according to new data. Figures released by the World Steel Association on Monday showed that from January to the end of August 2023, global crude…
Localization program of $750 million in mine and mining industries leading by IMIDRO
The foreign exchange saving of Mining companies & Mining Industries’ Localization Program is expected to reach about $750 million this year. In this planning, mining companies and mining industries will participate in steel, copper, aluminum and coal chain and special economic zones. Last year’s localization target was more than $500 million. Earlier, in line…
Mehdiabad connected to the national electricity grid / Cold testing of the factory began in August
According to Public Relations of IMIDRO: Hamid Reza Hedayat, the manager of this complex, announced the connection of the Mehdiabad to the nationwide electricity grid. He added: In order to provide electricity for the construction of the Mehdiabad Lead and Zinc Processing Plant, Bahadoran 33/132/400 kV Substation has been established at a distance of…
Positive outlook for global metals market
A survey by the research institutes indicates that the commodity market will continue to rise in the last five months of 2023. According to the analysis of the Chinese economy and the fluctuations in the U.S. dollar, the average price of some metals and minerals such as steel and gold is expected to increase…
Launching 13 industrial megaprojects
The Minister of Industry, Mine &Trade , Abbas Aliabadi presented the list of 13 mega projects in the coming days, and added that knowledge-based companies can work in these megaprojects individually or in teamwork. Abbas Aliabadi in a meeting with members of the National Association of Knowledge-based Companies added: our goal is creation and…
