News List
Turkiye imported ferrous scrap prices decouple from Asian offers. Know why?
It seems Turkiye, the largest ferrous scrap importer, is no longer driving prices in this domain. Its prices were traditionally followed by the three heavyweight importers — India, Pakistan and Bangladesh. Data maintained with BigMint reveals that Turkiye has increasingly become decoupled from South Asian scrap buyers while Bangladesh is emerging as a driving…
Annual production of mining machinery &road construction rises 100%
Manufacturing of road construction and mining machinery in Iran has increased by 100 percent in the previous Iranian calendar year 1401 (ended on March 20), an official with the Industry, Mining, and Trade Ministry said. Speaking at the fourth National Event on Knowledge-based Industry on Thursday, Mohammad Mousavi, the deputy minister for heavy machinery…
How to produce green steel from aluminum’s red mud
Scientists at the Max-Planck-Institut for Eisenforschung, a centre for iron research, have shown how green steel can be manufactured from aluminium production waste in a relatively simple way. In a paper published in the journal Nature, the researchers point out that the feasibility of their technique relies on the fact that the production of…
Czech steel industry unprepared for EU decarbonisation
Experts polled by the Czech News Agency (CTK), also agreed that the state lacks green electricity, hydrogen and other resources – all elements necessary to meet EU plans to be carbon neutral and effectively achieve net-zero greenhouse gas emissions by 2050 The Czech steel industry is unprepared for decarbonisation, not only technologically but also…
Implementation of the largest sponge iron project in the steel industry
With the completion of pre-commissioning in the development process of Zamzam 3 mega project in Khouzestan Steel Company, the largest sponge iron project in steel industry was settled in the final commissioning and production circuit by MMTE Group.The project named Zamzam 3 is the third experience of MMTE Group cooperation with Khuzestan Steel Company…
A look at the latest changes in the steel raw materials market
The latest price of imported iron ore in China dropped 80 cents to $129 a tonne CFR. The Chinese New Year holiday has begun, so the market is not active. In Turkey’s scrap import market, the recession of the country’s rebar export has severely affected the willingness to buy scrap. The latest…
EU steel exports down 3% y/y in January-November
In January-November 2023, steel exports (including semifinished products) from the European Union to third countries decreased by 3% compared to the same period in 2022. This is stated in the EUROFER Economic and steel market outlook 2024-2025, first quarter. Over 11 months, exports of rolled products decreased by 4% y/y, including flat products by…
Decline of steel products imports to the country / Domestic production is responsive
The statistics of the Association of Steel Producers regarding the amount of imports of steel products during the nine months of this year indicates that for the majority of steel items in the steel chain of the country, the amount of domestic production is responsive and there is no need for imports or…
German steel market sees prices remaining strong, production weaker
German steel traders and producers expected prices to remain strong during February, though the expectation was less firm month on month as mills tried to aim for higher prices but buyers held back, according to an S&P Global Commodity Insights survey. The February index for traders’ sentiment stood at 60 points, compared to 68.75…
Sponge iron export rises over 109% in 10 months on year
Iran’s export of sponge iron rose 109.9 percent during the first ten months of the current Iranian calendar year (March 21, 2023-January 20, 2024), as compared to the same period of time in the past year, Bahram Sobhani, the chairman of the Iranian Steel Producers Association (ISPA), announced. Direct reduced iron (DRI), also called…
