News List
China’s Energy Revolution: Wind and Solar Surpass Coal in Historic Milestone
China is undergoing a transformative shift in its energy landscape. For the first time ever, wind and solar energy have as of June this year collectively eclipsed coal in capacity, according to the latest data from the country’s National Energy Administration (NEA). Rystad Energy’s analysis forecasts that by 2026, solar power alone will surpass…
Germany reduced scrap exports by 7% y/y in January-May
In January-May 2024, German scrap companies reduced exports of ferrous scrap by 7% compared to the same period in 2023, to 3.1 million tons. The main decline occurred in the first quarter, Kallanish reports, citing data from the Federal Statistical Office. Revenues from exports of raw materials for 5 months amounted to €925 million,…
We are determined to achieve continuous development by using the defense economy/ Completing the steel value chain in Neyriz
Thanks to the grace of God and the Round-the-clock effort of our hardworking colleagues in Ghadir Neyriz Steel Complex, the realization of what was believed that the steelmaking project of this complex would enter the production circuit despite less progress than other provincial projects, but fortunately, this project was put into real operation as…
Iran’s steel output up 5.9% y/y in Jan-June to 16.6 mln mt
The latest monthly report by the World Steel Association (WSA) indicates that Iran has produced as much as 16.6 million metric tons (mts) of unprocessed steel in the first half of 2024, an increase of 5.9% year-on-year. According to the report, Iran remained on the nineth place of the world steel producers in the…
Chinese coal prices rise
For EU industries coal continues to be considered a strategic support as energy supplies are dwindling. The European Union faces multiple challenges in supplying sustainable energy sources, and coal remains on the agenda as an emergency option.Coal futures prices return in ChinaOn July 26, coal futures prices in China recovered after falling a…
Scientists Discover ‘Dark Oxygen’ on the Ocean Floor Generated—Surprisingly—by Lumps
Gerard Barron, chairman and CEO of The Metals Company, holds a nodule retreived from the seafloor in the Clarion Clipperton Zone of the Pacific Ocean in 2021. The company plans to mine for these nodules, which researchers suggest produce oxygen underwater Twelve thousand feet under the ocean surface is a world of eternal midnight.…
The annual meeting of the Iranian Steel Producers Association was held
The annual ordinary general meeting of the Iranian Steel Producers Association was held with the presence of a majority of 90% of the managers and representatives of the country’s iron and steel chain factories at the level of Group A of the Chamber of Commerce. At the end of the meeting, an effective question…
China’s export sheet price drops
The latest price of China’s export steel hot sheet export in the Middle East fell by $5 per week, from $545 to $550 per tonne CFR. The decline in the futures markets has made China’s export prices cheaper. The price of Chinese export hot sheet is also $493 to $518 per ton of…
Iran’s renewables share of electricity generation to reach 15%
Head of Iran’s Renewable Energy and Energy Efficiency Organization (SATBA) has said 600 renewable power plants with a total capacity of 13,500 megawatts (MW) are under construction across the country after completion which the share of renewables in the Iran’s power generation will reach 15 percent. “We hope that by implementing these power plants,…
Iron ore drops further as strong supply, China steel sell-off weigh
Iron ore futures prices lost further ground , weighed by strong global supply and the persistently weak steel market in top consumer China, although hints of heavier monetary stimulus helped limit losses. The most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE) fell for a fifth straight session to close morning trade…
