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Iran set to remove obstacles to knowledge-based companies’ exports

The head of Iran’s Center of International Science and Technology Cooperation (CISTC) has announced that the removal of obstacles to exports by knowledge-based companies is on the center’s agenda for the coming months. To achieve that end, the CISTC — which is an affiliate to the Iranian presidency’s deputy office for scientific affairs —…

Iran steel production grows by 16% in Q1 2024

The World Steel Association (WSA) announced in its latest report that steel production in Iran during the first quarter of 2024 has registered a 16.3 percent growth compared to the same period last year. The report added that the volume of steel production in the world in the 3-month period has risen by 0.5…

Iron ore will remain above $100 this year

Analysts believe that the average price of iron ore this year will be more than $US100 a tonne despite the housing market crisis hurting the outlook for China’s steel demand and the global market remains weak. The global market for this raw material will remain in deficit, and increased steel production outside China, especially…

Chadormalu Company to save €48 million in cooperation with knowledge-based companies

The Managing director of Chadormalu Company stated: In 1402 (iranian calendar) more than 1500 pieces in the Chadormalu complex were localized with a currency saving and it caused 48 million euros of currency not to leave the country. ‎‎ Amir Ali Taherzadeh, Managing director of Chadormalu Company, in an interview on the sidelines of…

nippon steel to promote use of green steel at wind farms

Nippon Steel Corporation (Nippon Steel), Nippon Steel Trading Corporation (Nippon Steel Trading) and Siemens Gamesa Renewable Energy K.K. (Siemens Gamesa) have signed a Memorandum of Understanding (MoU) on March 29th, 2024 to jointly study promoting NSCarbolex™ Neutral, a green steel* supplied by Nippon Steel that applies mass balance approach for wind farm turbine towers…

 Movasaghi nia appointed Mohammad Ghobadi Samani  as the Managing director of National Iranian Steel Company

According to the Public Relations of National Iranian Steel Company, the ceremony was regarding the reverence of Mohammad Aghajanloo and introducing Mohammad Ghobadi Samani as the new Managing director.‎ ‎Movassaghi nia while thanking and appreciating the valuable  actions of Mohammad Aghajanloo , stated: National Iranian Steel Company is a major brand that needs to…

Chinese steel prices show mixed trends ahead of Labour day holidays

China’s steel prices showed a mixed trend this week. Domestic prices of HRC, rebar, coking coal and billets decreased significantly, while prices of iron ore remained stable. However, HRC export prices increased. The China Iron and Steel Association (CISA) reported total steel inventory of key enterprises in mid-April 2024 at 18.116 million tonnes (mnt),…

The first meeting of the managers of public relations and honoring top public relations managers of seven provincial steel projects was held

‎According to the Public Relations of National Iranian Steel Company,in the mentioned meeting Mesforoush, head of the Board of Directors of National Iranian Steel Company, Amidi, Director of Media and Communication Office of the Ministry of industry,mine &trade, Faraji Deputy of Finance and Human Resources Development of the company, Yazdani, Deputy of Media and…

Brazil iron ore exports seen surging in 2024 if rivers stay high

Brazil’s Corumba region could more than double iron ore shipments through neighboring Uruguay this year if there is enough water in the rivers, according to one of the biggest logistics companies on the Paraguay- Paraná Hidrovia system. Miners have told Navios South American Logistics they could ship eight million to 10 million tons of…

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