News List
Reducing the risk of exploration activities; IMIDRO’s new program for investors
According to public relations of NISCO, quoted by IMIDRO, Mohammad Masoud Samiei Nejad, IMIDRO’s Chairman of the Executive Board of Directors, in the first Council of Deputies meeting, emphasized reducing the risk of exploration activities as the IMIDRO’s new plan. The Deputy Minister of Industry, Mine and Trade clarified: “Planning should be aimed at…
Iran’s steel export increases 26% in H1
The Iranian Steel Producers Association (ISPA) has released export statistics for the steel chain during the first six months of the current Iranian calendar year 1404 (March 21-September 22), showing a 26-percent growth in the value of exports.( Quoted by Tehran Times) According to a report by IRNA’s economic correspondent, the volume of iron…
China, the EU, and the US reduced their consumption, while India and Turkey increased demand
In January-June 2025, global scrap consumption fell by 6.9% compared to the same period in 2024, to 235.96 million tons. This represents 76% of total global steel production. The largest consumer, China, reduced its scrap consumption by 11.4% y/y to 109.01 million tons. In the EU, demand fell by 4.2% y/y to 39.4 million…
Pezeshkian urges rapid solar power plants’ expansion in Iran
Iranian President Masoud Pezeshkian highlighted strategic importance of solar energy and called for accelerating solar power plant construction, saying his administration is determined to remove all barriers in this regard. (According to MNA) Speaking at an event held on Saturday for the inauguration of a 250-megawatt solar power plant, Pezeshkian said the administration is…
PANATERE inaugurated Switzerland’s first two solar furnaces for the production of 100% recycled steel
More than 200 guests gathered at PANATERE’s La Chaux-de-Fonds site to witness this milestone in circular manufacturing. The new technology combines concentrated solar energy with recycled raw materials to produce fully recycled, traceable, and competitive stainless steels and copper alloys — all with a near-zero carbon footprint. 30 kW large-scale solar furnace — Featuring…
Industrial production increased / Zarei became the spokesperson of the Ministry of Industry, Mine and Trade
The Minister of Industry, Mine and Trade stated: with the normalization of industries’ electricity supply, we are witnessing an increase in industrial production in recent days. According to IRNA quoted by the Ministry of Industry, Mine and Trade, Seyed Mohammad Atabak, in the ministry’s deputies’ council meeting, referring to yesterday’s meeting in which the…
Iran’s steel output up 3.2% in H1
The Iranian Steel Producers Association (ISPA) says that the country’s steel production volume has registered a 3.2 percent growth in the first six months of the current Iranian calendar year (started March 21, 2025).quoted by MNA Iran’s steel production volume showed a 3.2 percent growth in the first half of the current Iranian calendar…
Turkish steelmakers demand tariffs on rolled steel from China and South Korea
The Turkish Association of Cold-Rolled, Galvanized, and Painted Flat Steel Producers (SOGAD) has appealed to the Ministry of Trade to introduce temporary anti-dumping measures on imports of these products from China and South Korea. The reason for this was a wave of imports of these goods after the start of an anti-dumping investigation in…
Sponge iron production in Miyaneh Steel Complex has exceeded 5 million tons since its operation
Miyaneh Steel Complex, with an annual production capacity of 800,000 tons and a metallization degree higher than defined standards, plays an important role in supplying raw materials to the country’s steel industries by offering 100% of its products on the commodity exchange, and continues to move on the path of increasing production and continuous…
Prices for Brazilian pig iron fluctuated between $400 and $410/t in September
Export prices for Brazilian pig iron in September ranged from $400–410/t, compared to $400–405/t in August. The exemption of Brazilian pig iron from US tariffs did not stimulate market conditions. Brazilian producers are resisting price cuts and plan to reduce output, while US buyers are insisting on a discount of $15 per ton, according…
