News List
Global scrap market under pressure
The global scrap market in most major markets is calm and under pressure in March. In Europe and the United States,the scrap market has also come under more pressure due to Unwillingness of Turkey to buy, which has been in a recession since early February. In Turkey, the steel market is in a recession…
Major & large scale steel projects, power plants and smart consumption are being approved by the “think tank” of this company.
Head of Planning and Strategic Studies of National Iranian Steel Company stated: major and large scale steel projects, power plants and smart consumption are approved by the “think tank” of NISCO can be mentioned as : coal gasification projects, construction of a self-sufficient solar power plant, heat recovery in the steel chain and smart…
Copper price soars to 7-month high on China’s plans to cut output
Copper prices soared to their highest in seven months after Chinese smelters, which process half of the world’s mined copper, agreed on a joint production cut. Benchmark three-month copper on the London Metal Exchange (LME) touched $8,799 a metric ton, the highest since Aug. 1, 2023. It last traded 1.6% up at $8,790 as…
Specialized authority of National Iranian Steel Company in final judgment of more than 80 steel technical studies in 1402 (Iranian calendar )
The manager of Production, Localization & Research of National Iranian Steel Company gave notice the company’s Specialized authority in the final judgment of more than 80 technical steel research in the country. Hassan Payab, while announcing the above news, stated: “This year, due to the importance of the place of National Iranian Steel Company…
Comprehensive supervision of safety, health and environmental affairs of provincial projects
The manager of the HSE unit of National Iranian Steel Company announced comprehensive supervision of all safety, health and environmental issues of provincial projects in 1402 (Iranian calendar). Fatemeh Naeemi, while expressing the performance and actions taken by this management, stated: During the current year, according to the previous years and along with the…
Iron ore at the bottom during the last 7 months
The latest price of imported iron ore 62% purity in China dropped $8.25 to $108.4 per ton ,in China. This sharp drop has pushed iron ore prices to a seven-month low due to China’s negative economic data and weak economic indicators along with a decline in steel production.
Deep-sea mining could cost $500 billion in value destruction, study says
The Metals Company will source metals from polymetalic rocks, found in deep oceans. Mining the seafloor for key minerals and metals could negatively impact the industry, resulting in $500 billion of lost value and causing damages to the world’s biodiversity estimated to be up to 25 times greater than land-based mining, a new report…
Carbon Engineering Project: A New Step in Environmental Conservation
At the sites designed by the project, large fans take CO2 air directly from the atmosphere and store it underground or convert it into carbon fuels used in industries and transportation after a series of processes. According to project officials, the site has the capability to absorb 1 million tons of CO2 per…
Shadegan meltdown 2, Neiriz pelletizing and casting 2 of Sepidsht are on the way
Manager of plan & Development of Nisco stated: along the new plannings of National Iranian Steel Company in order to develop the provincial steel projects, construction of Shadegan 2 smelting unit with a capacity of 800 thousand tons, pelletizing Neiriz with a capacity of 2.5 million tons and casting 2 of Sepidsht with a…
Sangan Granulated Iron Ore Production Jump 128 Percent in 11 Months
Granulated Iron Ore production of Sangan Complex during the first 11 months of the current Iranian Calendar year(March20,2023_Febrauary21,2024), up 128 percent yoy. According to the report of public relations of IMIDRO, granulated Iron Ore production of Sangan Complex stood at 1,538,000 tons during the first 11 months of the current Iranian Calendar year(March20,2023_Febrauary21,2024) indicating…
