News List
Minister calls for establishing secretariat of Iran-Africa Economic Cooperation Conference
Iran’s Minister of Industry, Mine, and Trade Abbas Aliabadi has stressed the significance of “win-win trade” with African nation, urging the need for establishing the secretariat of Iran-Africa Economic Cooperation Conference in his respective ministry. Aliabadi made the remarks addressing the second edition of the International Iran-Africa Economic Conference in Tehran on Friday. He…
Iran Expo 2024 kicks off in Tehran
Some 2,000 traders and businessmen from 85 different countries are participating in the 6th International Export Potential Exhibition of the Islamic Republic of Iran (Iran Expo 2024) which kicked off in Tehran on Saturday. Addressing the opening ceremony, President Ebrahim Raisi described sanctions as a symbol of oppression. Sanctions are a kind of war,…
Dalian iron ore extends gains on China demand hopes, profit-taking caps rise
Dalian iron ore futures prices extended their rise for a second straight session on Thursday, supported by lingering demand hopes in top consumer China, although some profit taking limited gains. The most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE) ended daytime trade 1.03% higher at 879.5 yuan ($121.36) a metric ton,…
Europe’s steel industry needs hydrogen for decarbonization
The main steel projects in the region will be ready to use hydrogen by 2026-2027 Europe’s steel industry needs 5 million tons of hydrogen per year to decarbonize its operations, said Axel Eggert, CEO of the European Steel Association (EUROFER), at a specialized conference in Poland, Kallanish reports. He noted that major steel projects…
Iron ore weakens amid waning China stimulus hopes, high portside stocks
Iron ore futures prices ticked lower on Monday, weighed down by diminishing hopes of more stimulus in top consumer China, high portside stocks, and risks of possible government intervention after a price rally last week. The most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE) ended daytime trade 0.06% lower at 866.5…
Iran Expo to host 80 countries
The head of Iran Trade Promotion Organization stated: Iran Expo will host more than 2,000 people from 80 countries, saying that the event will open on Saturday and will last for five days, but on Saturday due to the presence of domestic and foreign authorities, we will not have a public visit and from…
Role of Artificial Intelligence in The Steel Industry
Artificial intelligence (AI) is an important breakthrough that enables machines to independently perform functions such as study, analysis and decision making that generally require cognitive abilities. The technology has advanced significantly in recent years due to its ability to access large amounts of data and its strong processing capabilities, and innovative programs. AI plays…
Unveiling of the first HPGR machine of the Central Iron Ore Company
According to the Central Iron Ore Company Information Center, the first machine (HPGR) of the Central Iron Ore Company of Iran, which has been produced with a knowledge-based approach &the capability of domestic companies, was loaded from Tehran to the city of Bafgh. Mohammad Jahanmanesh, deputy of development and projects affairs of Central Iron…
African Summit in Tehran, April 26
Iran will host economy ministers from more than 40 African countries at the second Iran-Africa International Summit set to be held later this month, an official with the Trade Promotion Organization (TPO) said. The deputy head of the international businesses promotion office of the TPO pointed to the significance of trade with African states…
China’s Q1 rebar output slips 9.5% YoY
In the first quarter of 2024, China produced 50.02 million tonnes of rebar in total, lower by 9.5% on year, according to the latest data from the country’s National Bureau of Statistics (NBS) on April 17. For March alone, the country’s rebar output declined by a larger 22.5% on year to 17.79 million tonnes,…
