News List
localization of parts, equipment and production lines of the steel industry projects is being supported by NISCO
Operation deputy of National Iranian Steel Company, on the eve of the fifth “National Iranian Steel Exhibition”, stated: “along with our missions, NISCO supports the localization of parts, equipment and production lines of the steel industry. According to the Public Relations of National Iranian Steel Company، Ahmadi while announcing the above subject added: By…
Iran’s biggest seamless steel pipe factory opened in Abhar
Iran’s biggest seamless steel pipe factory has been inaugurated in Abhar County, Zanjan province, northern Iran, in the presence of Minister of Industry, Mine, and Trade Abbas Aliabadi. The factory is located in a 20-hectare area in Hidaj in the Central District of Abhar County. According to a provincial official, the factory is currently…
Movasaghinia: IMIDRO Integrated Location Information System, facilitates mining exploration activities
The chairman of the board of IMIDRO stated: The integrated location information system is the basis of IMIDRO, a tool for the development of exploration activities and compensation for the backlog of this sector. Mohammad Reza Movasaghinia in the unveiling ceremony of this system, which was held with the presence of Reza Mohtashamipour, Deputy…
Turkey’s scrap market in relative stability
In the Turkish scrap import market, buyers are trying to hold the prices lower, but sellers are also resisting. While the previous round of purchases in December supported a growth in scrap prices, the market is waiting for more buyers to enter the market for February shipments. The latest deal for Venezuela’s 20-80 heavy…
Iron ore climbs to multi – month high
Iron ore futures climbed to multi-month highs on Tuesday, with sentiment boosted by upbeat economic data in top consumer China and mounting expectations of a flurry of pre-holiday replenishment from steelmakers in the coming weeks. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) DCIOcv1 ended daytime trading 2.93% higher at…
The silver plaque of 24th National Conference on Green Industrial, Mineral and Service Units Reached Ghadir Neyriz Steel Complex
According to Public Relations of Ghadir Neyriz Steel Complex, in the 24th National Conference on Appreciation of Industrial, Mineral and Green Services Units held at the International Conference Center of Environmental Martyrs, Ghadir Neyriz Steel Complex succeeded in obtaining Green Industry Certificate from the Department of Environment and the silver plaque of this conference…
Iran to export industrial products to EAEU markets
The deputy head of the Trade Promotion Organization of Iran (TPOI) said the country will import agricultural inputs, raw materials and basic goods and export industrial and production goods to the Eurasian market. Mohammad Sadeq Qannadzadeh pointed to the recently inked Free Trade Agreement (FTA) between Iran and the Eurasian Economic Union and said…
Iran officially becomes BRICS member in 2024
The BRICS group of emerging economies has welcomed 2024 by officially adding five developing nations. Specifically, the bloc introduced Saudi Arabia, the United Arab Emirates (UAE), Iran, Egypt, and Ethiopia to kick off the new year. These countries are set to officially join after receiving an initial invitation at the bloc’s 2023 annual summit,…
Gold closes out 2023 above $2063, technicals point to price gains in January
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China launches test runs for world’s largest plant that can convert coal to ethanol
Traditional ethanol production from corn or sugar cane competes with food supply, with China’s rising grain prices also posing a challenge The world’s largest coal-based ethanol production plant has started test runs in southeastern China, state media reported. The plant, which has an annual capacity of 600,000 tonnes, uses coal rather than crops as…