News List
Iran’s renewable power capacity surpasses 2,700 MW
Iran’s renewable energy capacity has exceeded 2,700 megawatts, according to Mohsen Tarztalab, deputy energy minister and head of the Renewable Energy and Energy Efficiency Organization (SATBA), who emphasized the need for stronger facilitation by distribution companies to maintain the pace of growth, particularly in small-scale solar systems. (Quoted by IRNA) Tarztalab said that with…
EU reduced rolled steel exports by 9.2% y/y in January-August
According to the results of January-August 2025, European Union steel companies reduced their exports of rolled steel to third countries by 9.2% compared to the same period in 2024, to 10.82 million tons. This is evidenced by GMK Center calculations based on Eurostat data. Shipments of flat products for the period amounted to 7.05…
World Steel Association Ranking: Mobarakeh Steel Company Ranked 44th Among Global Steel Producers
The World Steel Association has released its 2024 ranking of the top 50 global steel producers. Mobarakeh Steel Company has achieved the 44th position with a production volume of 10.19 million tons. It is the only Iranian company included in this year’s ranking,according to Chilan. At the top of the list is China’s BAO…
Participation of 400 Domestic and Foreign Companies in the Industry Exhibition / Production Recovery in the Second Half of the Year
The Managing director of the Islamic Republic of Iran International Exhibitions Company announced: The 25th International Industry Exhibition (TIIE), to be held from November 2 to 5, with the participation of 400 domestic and foreign companies. According to IRNA’s economic correspondent, Beykzadeh during a press briefing noted that 107 of these companies are foreign,…
EU imported 3.59 million tons of iron and steel products from Russia in January-August
Pig iron, semi-finished steel products and direct reduced iron account for the bulk of the volume In January-August 2025, the European Union (EU) imported 3.59 million tons (-7.7% y/y) of steel raw materials of Russian origin. The cost of importing these products reached €1.48 billion (-20.9% y/y). This is evidenced by GMK Center calculations…
‘Iran needs €55b investment to drive mining sector growth’
Iran requires about €55 billion (around $59 billion) in new investment to achieve its planned 13 percent growth target for the mining sector under the 7th National Development Plan, the head of the Iran Mine House said. (Quoting by Tehran Times) Mohammad Reza Bahraman, speaking at a press conference ahead of the 19th Iran…
Vale increases iron ore production to its highest level since 2018 in Q3
At the same time, pellet production decreased due to a decline in demand for high value-added products Brazilian mining company Vale has demonstrated the highest level of iron ore production since 2018. In the third quarter of 2025, the company produced 94.4 million tons of ore, up 3.8% year-on-year and 12.9% quarter-on-quarter. This is…
German crude steel output down 10.7 percent in Jan-Sept 2025
In September this year, Germany’s crude steel output went down by 0.6 percent year on year to 2.97 million mt, according to the information provided by the German Steel Federation Wirtschaftsvereinigung Stahl (WV Stahl). In the first nine months of this year, crude steel production in Germany declined by 10.7 percent year on year…
The Chairman of the Executive Board of Imidro announced the issuance license for the sell of foreign exchange obtained from exports in the second hall of the Exchange Center
Samiei-Nejad: Authorization granted to sell foreign currency earned from exports on the Second Hall of the Exchange Center/ Four IMIDRO’s strategies for the new term / “Future-based outlook” a vital factor in the steel industry According to Nisco’s public Relations quoting IMIDRO’s public relations, Mohammad Masoud Samiei-nejad at the opening ceremony of the Steel…
Tahmoures Javanbakht new managing Director of Sefid Dasht Chaharmahal and Bakhtiari steel company
The honoring and introducing ceremony of Sefid Dasht Chaharmahal and Bakhtiari steel company’s Managing Director was held at Mobarakeh Steel Company, during which Tahmoures Javanbakht was introduced as the new Managing Director, while the efforts of Mahmoud Mohammadi Fesharaki, the former M.D of this company, were also appreciated. Tahmoures Javanbakht, with 25 years of…
