News List
Trilateral “MOU” inked between Geological Survey, IMIDRO and Geo-Russia
In the presence of Oil Minister Javad Oji and Russian Deputy Prime Minister Alexander Novak as the heads of the Economic Cooperation Commission of the two countries, Iran and the Russian Federation signed 19 cooperation documents at the end of the 17th meeting of the Commission on Economic Cooperation between Iran and…
Stability in Japan’s scrap market
Japan’s scrap export market is stable due to demand stagnation in importing countries and the boom in the domestic market. The average price of Japan’s Class 2 heavy scrap is $347 per tonne of FOB , which is up very slightly. In Taiwan, Japan’s scrap is $380 to $385 per ton of CFR, while…
New investors will revive Italy steelworks, Meloni says
New investors are likely to emerge to help revive Italy’s steel industry after the government took charge of ArcelorMittal’s (MT.LU), opens new tab plants in the country this week, Prime Minister Giorgia Meloni said on Thursday. The government is looking for new industrial partners for Acciaierie d’Italia (ADI) — the Italian steel business. ADI…
Iran ranking improves 6 places among ISO members
The head of the Institute of Standards and Industrial Research of Iran has said the country’s ranking among the 168 member countries of the International Standard Organization (ISO) has improved from 26th to 20th place. “Based on the latest reports of international organizations, Iran’s national standards organization has reached the 20th place in the…
Introduction of SuSteel Hydrogen Plasma Based Green Steel Technology Project
The Austrian steel company Voestalpine is trying to produce carbon free steel according to EU climate targets by 2050. The global group is currently working hard to develop highly innovative technologies and manufacturing processes in line with the development of Green Steel, as an ambitious and phased project. At the company’s Linz and Donawitz…
Moderately recovery of iron ore
The average price of iron ore 62% purity in China’s import market has risen to $118.2 per dry tonne of CFR, after a sharp drop this week with a bit increase in purchases. In fact, the recent drop in iron ore prices has created more stimulus to buy due to sufficient iron ore inventory…
The Iraqi company in collaboration with Daniel builds a rebar and wire production unit in the Al-Hilla area
Iraqi company Muhaj Baghdad awarded Danieli the contract for a new, 500,000-tpy rolling mill plant for rebar. The upcoming plant will be built in the industrial area of Al-Hilla, near Baghdad, to produce quality rebar in 10- to 40-mm-diameter, using Danieli special high-speed rolling technology. The new rolling mill will include a combination of…
Domestic experts, local knowledge, first slabs in Sepid Dasht Steel Company
The efforts of Iranian experts with the successful production of the first “slab” in the Sepid dasht steel making unit gave a result and over the coming months this product would be supplied to domestic and foreign markets. According to the Public Relations of National Iranian Steel Company, the first slab produced yesterday with…
ArcelorMittal to build world’s single largest steel manufacturing site at Hazira by 2029, says Lakshmi Mittal
The steel baron said that the first phase of the steel manufacturing site will be completed by 2026 whereas the second phase, marked by a Memorandum of Understanding (MoU), will be completed by 2029. Lakshmi Mittal, the executive chairperson of steel manufacturing corporation ArcelorMittal, on Wednesday announced that the corporation will build the world’s…
Report from WSA/ Iran becomes ninth biggest steel producer in the world
Iran has improved its global standing in steel production, becoming the ninth largest producer in January 2024, according to new data released by the World Steel Association (WSA). In the first month of 2024, Iranian steel mills produced a total of 2.6 million tons of steel, which is a 39.3% increase compared to the…
