News List
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…
The world faces the weakest economic growth
The International Monetary Fund (IMF) stated: the world is facing the weakest economic growth in decades. International Monetary Fund (IMF) Managing Director Kristalina Georgieva at the G20 summit in Brazil announced: the world faces the weakest medium-term growth prospects in decades. She noted that the International Monetary Fund has predicted economic growth of…
China’s steel production declines in the first half of the year
In January-June this year, China reduced steel production by 1.1% y/y – to 530.57 million tons. In June, steel production in the country fell by 1.3% compared to May, to 91.61 million tons, which was caused by lower demand and reduced margins for steelmakers. At the same time, this figure increased by 0.2% compared…
Inauguration of new oxygen plant and ladle furnace LF3 projects of Esfahan Steel Company
Regarding the development projects of this huge industrial complex, Mehdi Koohi, Managing director of Esfahan Steel Company, stated: “The LF3 project is ready for operation and will be inaugurated soon in the presence of national officials.” Inauguration of new oxygen plant and ladle furnace LF3 projects of Isfahan Steel Mill Mehdi Koohi, Managing director…
Whitehaven sees higher near-term coal prices
Australian coal miner Whitehaven is forecasting higher metallurgical coal prices over the near and long term, citing production constraints of hard coking coal from Australian producers, combined with increased seaborne demand from India. The miner, which bolstered its output with the recent acquisition of the Daunia and Blackwater metallurgical coal mines from the BHP-Mitsubishi…
The contract for the construction of the steel making & continuous hot rolling of steel sheet is being executed
Iran International Engineering Company (IRITEC), as the EPC contractor for the construction of the Ghorveh steel factory and continuous hot rolling of steel sheet, executed the contract for the construction and equipping of this national pioneer project with a foreign manufacturing company. In this meeting, which was held in the presence of Dr. Rostamizadeh,…
ICCIMA calls on president-elect to improve business environment
Head of Iran Chamber of Commerce, Industries, Mines, and Agriculture (ICCIMA) Samad Hassanzadeh has urged the president-elect Masoud Pezeshkian to prioritize improving the business environment and international relations during his tenure. Hassanzadeh made the remarks in a meeting between Pezeshkian and the representatives of the country’s private sector at the place of the ICCIMA…
