News List
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…
The Minister of Mine, Industry and Trade visited the world’s largest offshore desalination plant in Zabol
The Minister of Mine, Industry and Trade, accompanied by Engineer Aghajanloo, care taker of IMIDRO, visited the Shohadaye Khedmat desalination plant in Zabol today. This center, which is located 70 kilometers from the Zahedan-Zabol route, is considered the largest offshore desalination plant in the world and was visited by Seyyed Mohammad Atabak, the Minister…
Iron ore price tumbles back below $100 as China property woes deepen
Iron ore slumped back below $100 a ton, snuffing out a rebound, as pessimism over China’s economic prospects again weighed on industrial commodities. The steel-making material rose almost 10% over the past two weeks on tentative signs that the worst of China’s summer steel rout might be over. But soft manufacturing activity and another…
The list of the top 50 steel production companies in 2023 has been published
World Steel published the list of the top 50 steel producing companies in 2023. According to the obtained statistics,Mobarakeh Steel company was ranked Forty-second with the production of 10 million and 330 thousand tons of steel products. Also, according to this list, the Chinese company Baosteel with the production of 130 million and 770…
German steel industry will become the main European consumer of green hydrogen
The potential demand of the country’s steel industry may amount to 850,000 tons of hydrogen per year by 2030 The European steel industry will become a major consumer of renewable hydrogen, with German steelmakers having some of the most ambitious plans in the region for its use. This is reported by S&P Global. The…
Asian steel prices will have limited support in Q3
In Q3 2024, Asian steel markets will receive limited support due to weak seasonal demand, as well as the persistence of negative forecasts for the real estate and construction sectors in various markets. This is stated in the review of S&P Global. Scrap prices, according to market participants, will also be under pressure. In…
The Robotic Revolution in Mines / How Does Robots Infiltrate in Mines?
Monitoring mining sites with drones, transporting minerals in autonomous trucks, automated drilling and automated conveyor systems are examples of robotic applications in mines. There are benefits for mining companies in implementing technologies such as artificial intelligence, robotics, and the super advantages such as increased productivity and security, and reduced costs. Robotics…
