News List
Electricity generation from renewable sources rises 23%
Iranian renewable power plants generated 264 million kilowatt-hours (Kwh) of electricity in the previous Iranian calendar month of Mordad (July 22-August 22), registering a 23-percent growth compared to the same month in the previous year. According to the data released by Iran’s Renewable Energy and Energy Efficiency Organization (SATBA), renewable power plants generated over…
Bank loans to knowledge-based firms rise 63%
Iranian banking system paid 927 trillion rials (about $1.854 billion) of facilities to knowledge-based companies in the first four months of the current Iranian calendar year (March 20-July 21), to register a 63 percent rise compared to the same period in the preceding year. According to the Central Bank of Iran (CBI), Iranian banks…
Record breaking for “Direct Reduction” in Hormozgan Steel
The Hormozgan Steel Direct Reduction Unit again had a record breaking with the production of 826,000 tons of sponge iron in the first five months of this year. The Managing Director of Hormozgan Steel Company,while emphasizing the need to supply the raw materials needed for steelmaking in this steel complex, announced a record-breaking in…
The latest situation of the cryptocurrency market in the world
Bitcoin’s value has been highly fluctuated in recent months, and the current decline in Bitcoin accumulation trend is a warning to the traders. According to the reports, in 2024, Bitcoin reached its highest level of $73,000, largely due to the introduction of exchange-traded funds. However, this crypto currency has also experienced more volatility this…
Contract conclusion for the construction of the SBQ rolling line of Miyaneh Steel Complex
The contract for the construction of the SBQ rolling line was inked between Miyaneh Steel Complex and Tam Iran Khodro Company According to Public Relations, the contract in the presence of the Managing Director and members of the board of directors of Tam Iran Khodro Company, Radfar, the manager of Miyaneh Steel Complex, Azimi,…
The definitive delivery meeting of the sub-line railway project of Sabzevar Pars Foolad Company was Carried Out
During a meeting on Tuesday, July 31, 2024 with the presence of members of the Islamic Republic of Iran Railways’ definitive delivery commission, consisting of experts of the IRI Railways Company and Khorasan Razavi Railways, as well as representatives of the employer and the project consultant, and contractor, the final delivery of Sabzevar Pars…
Turkey seeks Chinese partnership on rare earth elements for EVs
Turkey is working toward teaming up with China to process a deposit of rare earth elements, a potential partnership that could make the country more appealing to Chinese manufacturers of electric vehicles and batteries. The government in Ankara is poised to dispatch Energy Minister Alparslan Bayraktar to lead a delegation to China in October…
President Outlines Plans for Iran’s Economic Growth
President Outlines Plans for Iran’s Economic GrowthIranian President Masoud Pezeshkian referred to recommendations made by experts for achieving the target of 8% economic growth in the country, unveiling plans to attract massive investment and build trust among economic stakeholders. In a televised interview on Saturday night, Pezeshkian addressed the Iranian nation for the first…
Spain reduced steel production by 9.1% m/m in July
During January-July, Spanish steelmakers increased steel output by 4.7% y/y In July 2024, Spanish steelmakers reduced steel production by 9.1% compared to the previous month, to 900 thousand tons. Thus, the country was ranked 16th in the global ranking of steel producing countries (71) by the WorldSteel Association. Compared to July 2023, Spanish steelmakers…
Opening ceremony of the largest artificial lake in Fars province in line with the social responsibility of Ghadir Neyriz Steel complex
The artificial lake and the park around the cultural, sports and educational complex named Martyr Qhasem Soleimani, related to the Ghadir Neyriz Steel Complex, was put into operation In a ceremony held in the presence of the governor of Fars and a group of local officials. This mega project, which has been designed and…
