News List
Iron ore price spikes briefly as China plans fresh fiscal briefing
Iron ore rebounded as China announced another briefing on policy support, rebooting speculation major fiscal measures will be rolled out after an address on Tuesday left investors disappointed. The steelmaking staple spiked more than 3%, before giving up most of that gain, after the State Council said Finance Minister Lan Fo’an would introduce moves…
Monthly sales of industrial companies active in stock market up 13%
The sales index of Iranian industrial companies active in the stock market has grown 13 percent in the sixth Iranian calendar month of Shahrivar (August 22-September 21) as compared to the figure for the same month in the previous year. Based on official data, the total sales of the mentioned companies (except for petrochemical…
Putting steel circularity at the heart of Europe
Europe needs to focus on the lifecycle of steel packaging, ideally leading to improved recycling rates. Steel for Packaging Europe wants to convince people not to throw their steel packaging away with their general waste, but to recycle it. Steel for Packaging Europe, the Association of European Producers of Steel for Packaging, has outlined…
Surge in Production in Sepiddasht Steel
The amount of sponge iron production in the Sepiddasht Steel DRI Unit reached 490,000 tons during the first half of this year, it indicates a growth of 3.6% in the year of surge in production. According to the company’s officials, the upward trend of production in the months of June, July, and August…
Iron ore prices rise to 3-month high
Since the end of September, the market has been showing significant growth amid the stimulus of the Chinese economy Over the past week, September 30-October 7, 2024, the iron ore market experienced strong growth, fueled by new economic stimulus from China. Prices for raw materials continued to move upward, reaching a three-month high amid…
Steel market is experiencing the longest downturn in 20 years
The global steel market is experiencing its longest downturn in 20 years, said Yuriy Ryzhenkov, CEO of Metinvest Group, at the Siderweb 2024 forum held on 26 September in Vicenza, Italy. The cyclical steel market peaked in late 2021 and early 2022. The market then declined due to the outbreak of the war in…
Pellet production will reach five million tons/operation deputy of sangan steel
The operation deputy of Sangan Steel Mining Industries Company announced :the pellet production at the nominal capacity of this factory will be realized by the end of the year. Basid Ali Shamsinia stated: Sangan Steel Company is a subsidiary of Mobarakeh Steel and has a pelletizing unit with a capacity of five million…
Hyundai Steel Orders Blast Furnace Gas Injection Study to Improve Production and Reduce Carbon Emissions
Primetals Technologies to determine the best enabling technologies to minimize blast furnace carbon emissions -Identify the optimal route to maximize production and ironmaking efficiency -Potential to improve operating costs and lower the cost per ton of hot metal Recently, Hyundai Steel in Dangjin, South Korea, has placed an order with Primetals Technologies for a…
Managing director of National Iranian Steel Company visited Ghaenat steel complex
According to the Public Relations of Ghaenat Steel Complex, Dr. Ghobadi Samani, in this visit, while performing a field visit from various sectors and also receiving the necessary reports from consultants and contractors, expressed some important points on how to remove obstacles and launching the steelmaking unit according to the scheduled program and expressed…
Russia prepares export restrictions for important minerals
The Russian government is preparing a list of minerals and processed products that could be subject to export restrictions, Deputy Prime Minister Alexander Novak announced at Russian Energy Week. “We are analyzing the global market situation and will present our proposals shortly,” Novak explained. He pointed out that the list contains products that are…
