News List
Localization and installation of two digital thickness gauges in Cold Rolling of mobarakeh steel co
After successful installation and launching the localized digital thickness gauge system in the curctival unit and the complete satisfaction of the relevant technical experts, in another action and at the request of the cold rolling authorities, two other digital thickness gauge systems were localized and successfully installed in the production line of electrolytic and…
Tehran to host SCO’s industry ministerial meeting
A meeting of the industry ministers of the Shanghai Cooperation Organization (SCO)’s member states will be held in Tehran later this year, an official said. Speaking at the 8th Working Group of Investment of SCO’s member states, Head of Organization for Investment Economic and Technical Assistance of Iran (OIETAI) Ali Fekri noted that organizing…
Rio Tinto board gives go-ahead on Simandou iron ore project
Rio Tinto CEO Jakob Stausholm told the Financial Times on Wednesday that the company’s board has given the green light to the Simandou mining project in West Africa. Stausholm said the company aims to commence iron ore production from the $20 billion development as early as 2025. “The board yesterday approved the largest mining…
The growth of the global iron ore trade
Global iron ore trade in 2023 increased by 5% compared to 2022 to 1.59 billion tons. The improvement was due to a slight increase in steel production amid the absence of any clear policy to limit production by the Chinese government.The main reason for this growth was the growth of Chinese crude steel production…
Chinese Import Surge Drives Up Iron Ore Prices
The outset of 2024 witnessed a robust beginning for the iron ore market, primarily propelled by escalating prices and substantial imports by China. Amidst the landscape of iron ore futures, numerous investors harbored optimism, anticipating sustained demand bolstered by China’s extensive stimulus measures, given its status as the world’s largest purchaser of ore. Iron…
Successful completion of the first electric arc test of steel making unit of Miyaneh Steel Complex
According to the public relations of Miyaneh Steel Complex the successful test of the first electric arc of the steel making project of the Miyaneh Steel Complex is being done in the early hours of Sunday morning February 18. According to this report, the operation was carried out by capable Iranian experts Without any…
Successful completion of the first electric arc test in Shadegan Steel Industry Co
Following the stages of launching the steel making unit of Shadegan Steel Industry Company, the first melting of the electric arc furnace was successfully completed on February 14, 1402. According to Public Relations of Foolad Sanat Shadegan، at this stage، more than 80 tons of molten steel in the first hot test furnace and…
Nippon Steel Cuts CO2 Emissions by 33% with Hydrogen Injection Technology
In an unprecedented accomplishment, Nippon Steel, Japan’s leading steel producer, has slashed CO2 emissions by 33% in its blast furnace using hydrogen injection technology. This innovation marks a significant step towards sustainable steel production and a greener future. In a groundbreaking feat, Nippon Steel, Japan’s leading steel producer, has slashed CO2 emissions by an…
Unveiling of Electric Arc Furnace Transformer in Zanjan
Iranian engineers in Zanjan for the first time in Iran built the electric arc furnace transformer. The transformer of electric arc furnace as the new product of Iran Terasfo Company,being produced by domestic engineers and relying on domestic ability, was unveiled with the presence of the vice president for science, technology and knowledge-based economy.…
Iran’s apparent steel consumption in 10 months of the current year/3.6% increase
According to the statistical report of the steel association in 10 months of this year, the apparent consumption of middle steel (billet, bloom and slab) reached 20 million and 780 thousand tons. In the middle steel sector, 12 million and 581 thousand tons of billet and bloom apparent consumption and 8 million and 199…
