News List
Iron ore price falls on worries of steel output cut in China
Iron ore prices fell on Monday as expectations of steel output cuts in China and weakness in the country’s property segment weighed on sentiment. According to Fastmarkets, benchmark 62% Fe fines imported into Northern China fell 2.26% on Monday, to $103.01 per tonne, the lowest since May. The most-traded January iron ore on China’s…
Iran plans to launch offshore bank to facilitate investment
Economy minister stated Saturday that preliminary steps were taken to establish an offshore bank as a way to attract foreign investments. Ehsan Khandouzi told : in order to increase the country’s economic growth we must take measures that lead to an increase the investments in Iran. The minister hailed President Ebrahim Raeisi’s administration’s performance…
A training course on the basics of crane inspection principles will be held by National Iranian steel company ‘ HSE- centered ‘
According to the Public Relations of National Iranian Steel Company, Naeemi, director of health, safety and environment of the company stated : This basic training course of the principles of inspection of cranes (inspection, lifting and regurgitation) is actually a retraining course that is held to prevent accidents in the workshop. According to the…
Managing director of National Iranian Steel Company visited Qhaenat Steel Complex
Managing director of National Iranian Steel Company announced performing of several development projects in Ghaenat Steel Complex. According to public relations of Qhaenat Steel Complex, Mohammad Aghajanloo on the sidelines of a visit to the Qhaenat Steel complex stated : “We hope to reach our commitments according to the schedule in this important economic…
Movassaghinia came to Nisco in his fourth visit
The head of IMIDRO organization came to National Iranian Steel Company in his fourth visit . According to the Public Relations of National Iranian Steel Company, during the visit accompanied by the consultants, deputies and experts of IMIDRO , he attended in a specialized meeting by the managing director, members of the board, deputies…
Annual General Meeting of Shareholders of National Iranian Steel Company Fiscal Year ended March 20, 1401
Engineer Mollarahman at the General Assembly of National Iranian Steel Company stated : The management performance of the National Steel Company is approved. He concluded the report of audit and board of directors of National Steel Iran Company as a proof of accuracy and executive function of the company’s management. According to the Public…
Iron ore surged, but could retest $100/mt support levels
Iron ore futures spiked more than 2% on Friday, helped by rising steel mill production in China, although lingering property sector and steel demand concerns continued to weigh on sentiment. The most-traded January iron ore on China’s Dalian Commodity Exchange DCIOcv1 ended daytime trade 2.1% higher at 728 yuan ($100.64) per metric ton. On…
US Steel receiving acquisition offers as company promises to maximize stockholder value
United States Steel Corp is considering a sale after fielding acquisition offers, according to a news release Sunday from the company. The steel producer is under a formal review process after “receiving multiple unsolicited proposals” for both specific assets and the entire firm, the release announced. “U.S. Steel’s Board and management team are committed…
Sponge iron export registered record high of 249% growth
Iran’s export of sponge iron registered a record high of 249.4 percent in growth during the first four months of the current Iranian calendar year (March 21-July 22), as compared to the same period of time in the past year, the Iranian Steel Producers Association (ISPA) announced. The ISPA reported that the country exported…
