News List
Iron ore climbs to over one-week high as China pledges to stabilise market
Iron ore futures climbed on Tuesday to their highest level in more than a week, as investor confidence was boosted after policymakers in top consumer China pledged to stabilise its market. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) ended daytime trade 1.42% higher at 965.5 yuan ($134.70) a metric…
Iron ore pellet production up 10% in 9 months on year
Production of iron ore pellet in Iran rose by 10 percent during the first nine months of the current Iranian calendar year (March 21-December 21, 2023), as compared to the same period of time in the past year, according to the data released by the Iranian Steel Producers Association (ISPA). The ISPA put the…
What will be the future for gold in 2024?
Investors in the global gold market predict that the price of the precious metal will be unprecedented next year. Gold is on the path for a 13% annual growth in 2023, its best time since 2020, trading at around $2,020 an ounce. According to the surprisingly strong performance of gold in 2023, we will…
Sponge iron production up 6.5% in 9 months on year
Production of sponge iron in Iran rose by 6.5 percent during the first nine months of the current Iranian calendar year (March 21-December 21, 2023), as compared to the same period of time in the past year, according to the data released by the Iranian Steel Producers Association (ISPA). The ISPA reported that 28.088…
Twenty years of standard management is being approved in National Iranian Steel Company
The management representative in quality affairs of the National Iranian Steel Company stated: In the last audits regarding the management system revision of National Iranian Steel Company, NISCO succeeded in obtaining ISO 9001 and extending it to 2026 and virtually twenty years of its standard management was being approved. According to the Public Relations…
Iran steel can be upgraded from 10th to 7th in the world / Green steel production is an economic necessity
Dr. Sobhani, the president of the Iranian Steel Producers Association in the 3rd International Conference on Steel Making and Continuous Casting stated:, “Today, we are close to a capacity of 55 million tons in horizon 1404( Iranian calendar), but this capacity cannot be operated due to infrastructure problems, especially energy”. He added: “The main…
Smoke Suction Rotor of Steel Industry Produced
Knowledge-based researchers in Isfahan by acquiring Knowledge of production of three equipment of steel centers have freed this industry from dependence on European countries. According to IRIB news agency, Isfahan Center managing director of the knowledge-based company nominated ,smoke sucker rotor, damper and Casing as the company’s new products and stated: “The company…
Gold prices edge lower
Gold prices fell in Asian trade on Monday amid increasing bets that the Federal Reserve will keep interest rates higher for longer, although some safe-haven demand and near-term dollar weakness kept the yellow metal above key levels. Bullion prices were hit with a heavy dose of profit-taking in January as traders unwound bets that…
Iran’s industrial growth exceeds that of 164 states in 2022
Figures by the United Nations Industrial Development Organization (UNIDO) shows that the growth in Iran’s value-added industrial production in 2022 reached 6.5%, exceeding that of 164 states in the world. UNIDO had reported in its International Yearbook of Industrial Statistics that Iran’s value-added industrial production increased by 6.5% in 2022, up from 6.6% reported…
On the occasion of the 3rd Steel Making and Continuous Casting Conference of Hormozgan Steel
Steelmaking and Continuous Casting Conference on the Verge of Holding / An Event for Innovation and New Technologies in Steel Industry/ Third Conference seeks to apply new technologies in the steel industry. The third steel making and continuous casting conference of Hormozgan Steel Company will be held in the first week of…
