News List
The Iraqi company in collaboration with Daniel builds a rebar and wire production unit in the Al-Hilla area
Iraqi company Muhaj Baghdad awarded Danieli the contract for a new, 500,000-tpy rolling mill plant for rebar. The upcoming plant will be built in the industrial area of Al-Hilla, near Baghdad, to produce quality rebar in 10- to 40-mm-diameter, using Danieli special high-speed rolling technology. The new rolling mill will include a combination of…
Domestic experts, local knowledge, first slabs in Sepid Dasht Steel Company
The efforts of Iranian experts with the successful production of the first “slab” in the Sepid dasht steel making unit gave a result and over the coming months this product would be supplied to domestic and foreign markets. According to the Public Relations of National Iranian Steel Company, the first slab produced yesterday with…
ArcelorMittal to build world’s single largest steel manufacturing site at Hazira by 2029, says Lakshmi Mittal
The steel baron said that the first phase of the steel manufacturing site will be completed by 2026 whereas the second phase, marked by a Memorandum of Understanding (MoU), will be completed by 2029. Lakshmi Mittal, the executive chairperson of steel manufacturing corporation ArcelorMittal, on Wednesday announced that the corporation will build the world’s…
Report from WSA/ Iran becomes ninth biggest steel producer in the world
Iran has improved its global standing in steel production, becoming the ninth largest producer in January 2024, according to new data released by the World Steel Association (WSA). In the first month of 2024, Iranian steel mills produced a total of 2.6 million tons of steel, which is a 39.3% increase compared to the…
Localization and installation of two digital thickness gauges in Cold Rolling of mobarakeh steel co
After successful installation and launching the localized digital thickness gauge system in the curctival unit and the complete satisfaction of the relevant technical experts, in another action and at the request of the cold rolling authorities, two other digital thickness gauge systems were localized and successfully installed in the production line of electrolytic and…
Tehran to host SCO’s industry ministerial meeting
A meeting of the industry ministers of the Shanghai Cooperation Organization (SCO)’s member states will be held in Tehran later this year, an official said. Speaking at the 8th Working Group of Investment of SCO’s member states, Head of Organization for Investment Economic and Technical Assistance of Iran (OIETAI) Ali Fekri noted that organizing…
Rio Tinto board gives go-ahead on Simandou iron ore project
Rio Tinto CEO Jakob Stausholm told the Financial Times on Wednesday that the company’s board has given the green light to the Simandou mining project in West Africa. Stausholm said the company aims to commence iron ore production from the $20 billion development as early as 2025. “The board yesterday approved the largest mining…
The growth of the global iron ore trade
Global iron ore trade in 2023 increased by 5% compared to 2022 to 1.59 billion tons. The improvement was due to a slight increase in steel production amid the absence of any clear policy to limit production by the Chinese government.The main reason for this growth was the growth of Chinese crude steel production…
Chinese Import Surge Drives Up Iron Ore Prices
The outset of 2024 witnessed a robust beginning for the iron ore market, primarily propelled by escalating prices and substantial imports by China. Amidst the landscape of iron ore futures, numerous investors harbored optimism, anticipating sustained demand bolstered by China’s extensive stimulus measures, given its status as the world’s largest purchaser of ore. Iron…
Successful completion of the first electric arc test of steel making unit of Miyaneh Steel Complex
According to the public relations of Miyaneh Steel Complex the successful test of the first electric arc of the steel making project of the Miyaneh Steel Complex is being done in the early hours of Sunday morning February 18. According to this report, the operation was carried out by capable Iranian experts Without any…
