News List
Iron ore futures mixed as investors assess China’s economic targets
Iron ore futures prices were mixed on Tuesday, as investors digested a raft of key economic targets set by policymakers in top consumer China’s annual meeting of the National People’s Congress. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) ended daytime trade 0.69% higher at 879.5 yuan ($122.17) a metric…
The largest sponge iron factory in the country opened in Khouzestan Steel
Iranian President Ebrahim Raisi inaugurated the Atiye Middle East Steel Plant via video conferencing during his visit to Khuzestan province, southwestern Iran. The Atiye Middle East steel plant, located in Ahvaz, has a production capacity of 600,000 tons and was established with an investment of 50,000 billion rials (approximately $83 million) from the private…
Baft (2 ) Sponge Iron Factory is being included in the opening list
Sponge Iron Production Unit No. 2 of Baft Steel Complex was inaugurated in the list of ready projects of mining and mining industries by IMIDRO’s leadership. the capacity of unit No. 2 of baft direct reduction is 800,000 tons. The preparation of this project is in line with the 100-week IMIDRO plan.…
The board of directors of the Iranian Steel Producers Association visited the Persian Gulf Special Zone.
In this meeting, Mohammad Reza Pirhosseinloo, MD of the Persian Gulf Special Economic Zone, announced: The special zone is about 5,000 hectares, The most important advantage of the Special Zone is the availability of its electricity, gas and water supply, infrastructure. He added that the amount of unloading and loading of minerals in the…
Launching the First Unit of Golgohar Power Plant /countdown
This gas power plant has been constructed and completed in line with Article 4 of the law on obstruction of the country’s electricity industry and the MoU between the ministries of industry,mine&trade and Power with IMIDRO guidance. According to that legal article and the Memorandum, it was determined that 10,000 MW of new capacity…
Iron ore reserves stand at 3.8 billion tons
The head of the Geological Survey and Mineral Exploration of Iran (GSI) has said the country’s iron ore reserves currently stand at 3.8 billion tons, adding that the figure can increase with new exploration. Alireza Shahidi said the mentioned figure would be enough to meet the country’s needs for the next 14 to 15…
In the first 11 months of the year/ $7 billion steel products exported
Iran exported about 27 million tons of steel products worth $7.0 billion in the first 11 months of the current Iranian calendar year (March 21, 2023-February 19, 2024), according to the Iranian Steel Producers Association (ISPA). As reported, the exports of the mentioned products increased by 20 percent in terms of value and 68…
The austenitic stainless steel plate is made by the first time
Mobarakeh steel company for the first time in the country produced austenitic stainless steel slab grade 316 MohammadAli Shafiei, Technical officer of Continuous Casting and Steel making stated: in line with the strategy of producing special steels in Mobarakeh Steel Company, “Austenitic” stainless steel slab Grade 316 was produced. He continued: This success was…
Industrial @ economical cooperation / Iran, Zimbabwe ready to expand
The Head of Iran’s Small Industries and Industrial Parks Organization (ISIPO) in a meeting with the ambassador of Zimbabwe to Tehran emphasized Iran’s readiness to deepen economic relations with Zimbabwe. Farshad Moghimi in a meeting with Bright Kupemba, the ambassador of Zimbabwe to Tehran said that Iran is ready to lay the ground for…
Iranian Production of iron ore concentrate rises 7% in 10 months of the current year
The production of iron ore concentrate in Iran increased by seven percent in the first 10 months of the current Iranian calendar year (March 21, 2023-January 20, 2024), as compared to the same period in the past year, according to the data released by the Iranian Mines and Mining Industries Development and Renovation Organization…
