News List
Global seaborne ferrous scrap trade volumes drop 5% y-o-y in CY’23
Total global seaborne ferrous scrap trade volumes are expected to reach nearly 56 million tonnes (mnt) – 55.72 mnt – in calendar year 2023 (CY’23), as per provisional data available with SteelMint. Seaborne trade is expected to drop 5% y-o-y from 58.49 mnt in CY’22. The top 8 seaborne scrap consumers this year are…
Iron ore price rises on upbeat Chinese industrial data, demand hopes
Dalian iron ore futures rose for the second consecutive session on Wednesday, as market participants reacted to robust industrial data amid expectation of economic stimulus and robust Chinese demand. The most-traded May iron ore on China’s Dalian Commodity Exchange rose 0.5% to 985.5 yuan ($137.93) per metric ton at closing, headed for the second…
The groundbreaking ceremony of 1.2million ton of iron ore concentrate plant
The construction of an iron ore concentrate plant, with an annual capacity of 1.2 million tons, was held in Bafgh city. The ceremony construction of a 1.2 million ton iron ore concentrate plant was held in the presence of Mohammad Reza Movassaghinia, deputy minister of industry, mine and trade and chairman of the board…
Iran iron Ore Concentrate Output Climbs 3% in 8 Months on Year
Iron ore concentrate production of major Iranian mining companies during the first eight months of the current Iranian calendar year (from March 21 to November 21, 2023) increased 3 percent YOY. According to the report of Public Relations of IMIDRO, Iron ore concentrate production of 10 major Iranian mining companies stood at 33,399,486 tons…
Iran’s Minister of Industry, Mine &Trade: Regional cooperation a catalyst for new world order
Iran’s Minister of Industry, Mine, and Trade Abbas Aliabadi has underscored the significance of mutual cooperation among regional countries, considering it a catalyst for shaping a new global order. Aliabadi made the remarks in St. Petersburg on Monday after Iran signed a free trade agreement with members of the Eurasian Economic Union (EAEU) —…
Coal consumption hits record high in 2023
The International Energy Agency (IEA) stated as the demand for coal remained high in emerging economies and developing countries global coal consumption has reached its highest level in 2023 The International Energy Agency (IEA) announced: according to the IEA evaluation, demand for coal increased by about 1.4 percent in 2023, surpassing 8.5 billion tonnes…
Iranian economy continues to expand despite sanctions
The World Bank in a recent report on Iran’s economy dubbed “Iran Economic Monitor” said the Islamic Republic’s economy has been expanding despite the sanctions and global economic conditions. According to the WB report, Iran’s economy continued to grow moderately for the third consecutive year in the previous Iranian calendar year (March 2022-March 2023)…
Dalian iron ore extends rally on positive state bank developments
Dalian iron ore futures rose for the fourth straight session and recorded their best day in two months on Friday, driven by optimistic news from China’s state banks. The most-traded May iron ore on China’s Dalian Commodity Exchange ended 3% higher at 973 yuan ($136.16) per metric ton, racking up weekly gains of 3.2%.…
Emergency Response Training Course for Steel projects Firefighters held by Nisco HSE unit
Director of HSE unit of National Iranian Steel Company stated: In order to increase the knowledge and skills of fire fighting staff of steel projects, we have organized a training course for quick response in emergency situations. According to the Public Relations of National Iranian Steel Company, Naeemi, while stating the necessity of this…
Iran and World Steel Production Growth in 11 Months 2023
The World Steel Association has published global steel production figures for 11 months 2023 (January to October). According to this report, 1.715 billion and 100,000 tons of steel were produced in the world during this period. This volume of production was up 0.5 percent from the same period last year. According to the World…
