News List
Japan’s export scrap/upward
Japan scrap export was on the upward trend last week. Japanese exporters entered the market after the New Year’s holiday, and the heavy class scrap number 2 was by $357 a tonne of fob , up $7. In the domestic market, the price of heavy class 2 scrap was stable at $328 a tonne.…
3% growth in Iran’s steel production
The steel production statistics for the first nine months of this year has been published by The Iranian Steel Producers Association. The production of middle steel in 9 months of this year increased by 3 percent compared to the same period last year and sponge iron production increased by 6.5 percent. According to the…
The world’s largest steel plant with an annual capacity of 24 million tonnes of steel will be completed in India in five years
Lakshmi Mittal, the chairperson of steel manufacturing corporation ArcelorMittal announced that the corporation will build the world’s single largest steel manufacturing site at Gujarat’s Hazira by 2029. Mittal was addressing the ongoing Vibrant Gujarat Global Summit (VGGS) 2024 while making the announcement. The steel baron said that the first phase of the steel manufacturing…
IMIDRO and Iron Ore Association synergy to meet challenges facing steel industry
The chairman of the board of IMIDRO announced: “This organization and the Iranian Iron Ore Association will work together to meet the challenges facing the steel industry. Mohammad Reza Movasaghi Nia in a meeting with the board of directors of the Iranian Iron Ore Producers and Exporters’ Association pointed out that the problems of…
Iron ore registers weekly fall as demand prospects darken on weak China data
Iron ore futures slipped on Friday and were also on track for a weekly fall, despite a rebound on Thursday on stimulus hopes, as the persistently weak economic data in top consumer China dented demand prospects and hampered investor sentiment. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) ended daytime…
Ground breaking ceremony of Special bar quality projects in Mianeh and Ghaenat
The Director of plan & Development of National Iranian Steel Company announced the ground breaking of special bar quality (SBQ) with a variety of alloys in Mianeh and Ghaenat by the end of this year. According to the Public Relations of National Iranian Steel Company, Mehdi Derakhshan while announcing the above mentioned subject, added:…
Localization and empowerment of iron and steel industry equipment / prerequisite for development
The Fifth National Iranian Steel Festival and Exhibition with the approach of localization and empowerment of iron and steel industry equipment is being held from 09 to 11 January at Milad Tower Exhibition in Tehran. This specialized gathering which has a definite and significant goal for industrialists is a precious and valuable opportunity to…
41million$ currency savings from localization of steel parts and equipment
National Iranian Steel Company as the Leadership Headquarters of the steel chain of the country, has localized more than 450 parts and equipment required for provincial steel projects in 1401 and 9 months in 1402 (Iranian calender) by the guidance and identification of 450 domestic companies and manufacturers and equipment needed for provincial steel…
Heat Recovery and electricity Generation in country’s Steel Chain /ORC Method
Considering the balanced prices and proper access to the energy resources, so far being existed, investment in heat recovery sector of the country has been completely neglected ,therefore in the country’s industrial sector, a significant amount of renewable thermal energy is being wasted annually. The country’s steel industry has not been excluded from this…
The Fifth National Iranian Steel Festival and Exhibition
The Fifth National Iranian Steel Festival and Exhibition (NISF) kicked off at Milad Tower Convention Center. The opening ceremony of the event was attended by industry officials, producers, and entrepreneurs active in the steel industry. The three-day event is mainly focused on the indigenization of the knowledge for domestic production of machinery and equipment…
