News List
Production of iron ore concentrate rises 9% in 11 months on year
The production of iron ore concentrate in Iran increased by nine percent in the first 11 months of the previous Iranian calendar year (March 21, 2023-February 19, 2024), as compared to the same period in the year before, according to the data released by the Iranian Mines and Mining Industries Development and Renovation Organization…
The second phase of Foolad Baft Sponge Iron is ready for opening
The second phase of sponge iron unit of foolad baft with a capacity of 800 thousand tons is being placed in the list of ready to inaugurate of IMIDRO projects. According to IMIDRO, with the launch of the second phase of the direct reduction of the mentioned company, the production capacity of Baft…
Opening Session of productivity evaluation of National Iranian Steel Company
The opening session of productivity evaluation of National Iranian Steel Company based on IMIDRO productivity model was held at the company’s site this morning. According to the Public Relations of National Iranian Steel Company, in this meeting that the deputies and managers of the company were attended , the self-evaluation of the National Iranian…
New technology uses sand to store renewable energy
Researchers at the US National Renewable Energy Laboratory (NREL) have developed a technology that reveals how heaters powered by renewable energy sources like wind and solar can raise the temperature of sand particles, which can then be deposited into silos for storage and later use. The patented technology is based on thermal energy storage,…
Brazil’s iron ore exports fall
Brazil’s iron ore exports edged down by 2% y-o-y to 26.63 mnt in Mar’24 compared to 27.14 mnt in Mar’23, as per Customs data. However, volumes decreased by 6% m-o-m as against 28.3 mnt in Feb. The average price of iron ore shipped from Brazil stood at $92.2/t FOB in Mar, up y-o-y compared…
Iranian Holding Became New Member of the World Steel Association
With the membership of Middle East Mines and Mineral Industries Development Holding company in the World Steel Association,the number of Iranian companies member reached three. Previously, last year, Mobarakeh Steel company & Arfa Steel Company were also became members of the association. The World Steel Association is one of the largest industrial associations in…
China’s PMI Index growth & commodities Market Outlook
The return of China’s key manufacturing index to positive territory for the first time in six months has sparked optimism that commodity demand from the world’s biggest buyer of natural resources is poised to accelerate. The official purchasing managers’ index (PMI) rose to 50.8 in March from 49.1 in February, rising above the 50-level…
18 Percent rise in Iran,s steel chain export
Iran exported $7.6 billion of steel chain products during the last Iranian calendar year (ended March19,2024), up 18 percent y/y. Iran exported 29.902 million tons of the steel chain products worth 7.596 billion dollars during the past Iranian calendar year (ended March 19,2024). During the period under review, export of steel products stood at…
Imports put strong pressure on rolled metal prices
Prices for flat-rolled steel in Europe fell this week due to increased import activity, forcing European producers to adjust their offerings to remain competitive. Two-week Argus Italian flats fell €22.50/t to €730/t ex-works for S235 grades, while north-west European flats on the same specifications also fell €15 euro/t to 765 euro/t. In the south,…
Opportunities and risks in the era of AI
The rapid evolution of artificial intelligence-generated content (AIGC) is perhaps one of the hottest topics discussed at this year’s Boao Forum for Asia annual meeting. In the past year or two, breakthroughs in AIGC applications and the emergence of Sora have indeed shocked the world. Artificial intelligence (AI) technology has shown the potential to…
