News List
Arcelormittal invests $2 billion to decarbonize French steel industry
ArcelorMittal’s French Steel Plants Get Near $2 Billion Decarbonization Fund ArcelorMittal on Friday announced a 1.7 billion euro ($1.94 billion) investment program in decarbonization in France. Theinvestment, supported by the French government, will reduce ArcelorMittal’s carbon emissions by 40% in France by 2030, the steelmaker said.
Rio Tinto hopes for gradual improvement in iron ore demand
Rio Tinto Group, the world’s top iron ore exporter, sees increased stimulus measures in China driving the broader economy into a gradual recovery this year. China’s economy started to show signs of stabilizing early in the fourth quarter as increased spending on infrastructure and manufacturing helped offset prolonged weakness in the beleaguered property sector,…
Eliminating fossil fuels is inevitable
United Nations Secretary-General Antonio Guterres stated: the phase-out of fossil fuels was essential and inevitable to avoid a global climate catastrophe. “Let me be very clear again: the phase-out of fossil fuels is essential and inevitable. No amount of spin or scare tactics will change that. Let’s hope it doesn’t come too late,” he…
The global consumption of scrap declined
Global scrap consumption fell 5% in 2023,reached to 588 million tonnes. Statistics show that 42% of this global consumption allocates to China and its imports increased by 5% to 237 million tonnes. Among the reasons for the last year’s decline in iron scrap consumption, a decline in scrap consumption in steel production, decrease in…
Iran steel export passes 9mln metric tons
The latest report from the Iranian steel producers’ association says that country’s exports of steel have passed nine million metric tons in the first nine months of the Iranian calendar year starting on March 21, 2023. Such a figure is considered as a new record the latest of which goes back to about two…
Power plants with 2,000MW capacity built by industrial sector to go operational next year
Managing director of Iran’s Power Generation, Distribution, and Transmission Company (known as Tavanir) has said 2,000 megawatts (MW) of power plants built by the country’s major industries are going to go operational by the end of the next Iranian calendar year (late March 2025). Mostafa Rajabi Mashhadi said the industrial sector has so far…
Armor for steel: New method could enable advances in energy, electronics and aerospace
Scientists applied a simple approach for growing hBN films on the surface of ubiquitous steels and Researchers have demonstrated that stainless steel and other metal alloys coated with hexagonal boron nitride, or hBN, exhibit non-stick or low-friction qualities along with improved long-term protection against harsh corrosion and high-temperature oxidation in air. The work has…
Five National Iranian Steel subsidiaries companies won gold and silver statues
Five steel companies (provincial projects) subsidiaries of National Iranian Steel Company were being selected for the 7th audit conference of the manager’s performance in the field of health, safety and environment and received their awards from Mohammad Reza Movasaghinia, chairman of board of IMIDRO. According to Public Relations of National Iranian Steel Company, at…
Iran-EU trade exceeds €3.7 bln in 10-month period
The Statistical Office of the European Union (Eurostat) in its latest report said Iran and the 27 member states of the European Union exchanged more than €3.7 billion worth of products in the first 10 months of last year. The trade exchanges between Iran and EU member states from January to October 2023 hit…
Norway Parliament votes in favour of seabed mining, as expected
Norway’s Parliament on Tuesday voted in favour of allowing Arctic seabed mineral exploration, in line with a deal reached between the government and key opposition parties last month, overcoming objections from environmental campaigners. The decision comes as Norway hopes to become the first country to make deep-sea mining happen on a commercial scale and…
