News List
China’s iron ore price rises to $104
Iron ore prices rose after reports confirmed that China plans to reduce steel production in 2025–26 as part of efforts to curb overcapacity and improve industry efficiency. According to market updates, Singapore-traded iron ore futures climbed over 1.7% to above $104 per tonne, reaching a two-week high. The move reflects renewed optimism for raw…
The cost of production in the steel chain is high; we need new explorations
Mehrdad Akbarian, the head of the Iranian Iron Ore Producers and Exporters Association, at a conference on resilience in the country’s iron and steel chain in Isfahan stated:“ The country’s steel production capacity is higher than that of raw materials; in order to solve this problem, we have to increase the production capacity of…
Demand for green steel in India to reach 4.5 million tons by 2030
Demand for green steel in India will reach 4.49 million tons by 2030. This is stated in a report by Ernst & Young Parthenon, The Economic Times reports. The growth in demand will be driven by construction, infrastructure and the automotive industry. By the 2039/2040 fiscal year, it could reach 73.44 million tons. Green…
4.1 billion in the Mine and Mining export Sector
Exports from the mine and mining industries sector increased by more than $4.1 billion in the first 4 months of 1404. (Iranian Calendar) According to the public relations of National Iranian Steel Company, quoting the public relations of IMIDRO, from the beginning of Farvardin to the end of Tir this year, 23 million 774…
China’s hidden power has trapped Western factories in a deadlock
China, with its unrivaled share in the rare earth elements production & processing, has created a new lever to pressure the Western countries. These vital materials, which are widely used in the manufacture of batteries, electric motors, smartphones, and military equipment, have now become Beijing’s geopolitical weapon. China is controlling round about 60 to…
Iran Joins the Club of 150-Ton Dump Truck Manufacturers
Iran built the first electric dump truck prototype with a 150-ton payload capacity. for the first time the first prototype of a 150-ton, fully electric drive dump truck has been completely localized and manufactured in Iran. This achievement is the result of two years of continuous effort and cooperation by a team of specialized…
Severe competition in Sponge Iron market / Competition and collaboration in Sponge Iron market / IMIDRO and its subsidiaries at the top, “FASBA” reached second place!
In August 2025, Iran’s sponge iron market, with 855,000 tons of product supplied by large and medium-sized companies, witnessed both competitive activity and concentrated supply. Data review indicates that more than half of the trades were controlled by a few major firms, while the other players—though holding smaller shares—collectively played an important role in…
The 17th Isfahan Metalex Exhibition a Platform for Transformation in the Metallurgy, Steel, Foundry, and Related Industries
The 17th Isfahan Metalex Exhibition hosts the largest steelmaking units and related industries, and with its modern exhibition center and extensive communication network, it has become a strategic platform for linking industry, academia, and investors. Over the past years, the Isfahan Metalex Exhibition has become one of the most important specialized events in the…
Kallanish Global Flat Steel 2025
The event will bring together representatives of the global flat steel supply chain The Kallanish Global Flat Steel 2025 conference will take place on October 16 in Istanbul, Turkey. The event will bring together representatives of the global flat steel supply chain to discuss current issues affecting the market. The tariffs imposed by the…
Iran, Uzbekistan sign cooperation deal in steel sector
Iran’s Steel Producers Association and the Uzbekistan Metallurgy Association signed a memorandum of understanding on joint cooperation in the iron and steel sector, the Iranian association.(According to Tehran times) The Uzbek delegation, led by association head Gulbahor Tojimirzayeva, was hosted in Tehran by Bahram Sobhani, chairman of the Iranian association. The delegation also included Iran’s…
