News List
1.4% increase in global coal demand
The International Energy Agency (IEA) stated: global coal demand will rise 1.4 percent this year, surpassing a high record of 8.5 billion tonnes for the first time. While coal demand in the United States and the European Union has fallen by 20 percent this year, coal use remains very strong in emerging economies, demand…
Global coal demand set to fall as China uses more renewables
Global coal demand is likely to have peaked this year, and could drop by about 2% over the next three years as China brings more renewable energy sources online, the International Energy Agency said Friday. It’s the first time the Paris-based agency has predicted a drop in appetite for the dirty fuel over a…
Iran to host ICCIA general assembly in 2024
The Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) is going to host the 40th general assembly of the Islamic Chamber of Commerce, Industry and Agriculture (ICCIA) in 2024. The decision was made during the 39th meeting of the ICCIA general assembly which was held in Qatar’s capital Doha on Saturday, the ICCIMA…
Beta testing of 2nd phase of Baft Steel’s DRI plant was started
According to the report of public relations of IMIDRO,2nd phase of Baft Steel’s DRI plant with production capacity of 800 thousand tons of DRI per year entered the beta testing stage. By operating the 2nd phase, annual DRI production capacity of Baft Steel will increased from 800 to 1,600 thousand tons. Likewise, sustainable direct…
With consecutive and stormy record- breaking/ Golden Autumn of Khouzestan Steel Company
In recent months and weeks, every day news of record-breaking in the steel company of Khuzestan is released. Breaking the record of production, sales and exports are considered as promising news which these days are published by various units of this large company: Record number of melting furnace number four in Khuzestan Steel…
Gold, silver rally as Federal Reserve leans surprisingly easy
Gold and silver prices sharply up in midday U.S. trading Thursday, in the aftermath of surprisingly dovish rhetoric on U.S. monetary policy from the Federal Reserve. February gold was last up $56.50 at $2,054.00. March silver was last up $1.579 at $24.505. (Gold and silver futures prices had officially settled before the FOMC meeting…
TPPH achieves knowledge for domestic manufacturing of over 800,000 power plant parts
Iran’s Thermal Power Plant Holding (TPPH) has managed to achieve the knowledge for the domestic production of more than 800,000 power plant parts and equipment over the last five years, an official with the company said. “Over the past five years, more than 800,000 strategic parts have been manufactured in the thermal power industry…
POSCO plans to produce all steel using hydrogen by 2050
By 2030, the steelmaker expects to complete the commercialization of the HyREX technology. South Korean steelmaker POSCO plans to complete the commercialization of its HyREX technology by 2030, and by 2050, switch its steel mills in Pohang and Gwangyang to steel production based entirely on hydrogen reduction technology. This was reported by Business Korea.…
The World’s Second-Biggest Coal Company Is Looking to Exit the Industry
The world’s second-biggest coal company is looking to get out of the coal business. For years now, Glencore has stayed stalwart in its dedication to the coal sector, reaping the benefits as other companies have dropped out of the market under increasing pressure to phase down and phase out the world’s dirtiest fossil fuel.…
Increasing of steel production & strong growth in iron ore prices in China
Iron ore prices have risen by almost two-fifths since May due to a surge in Chinese steel production despite a sharp downturn in China’s real estate sector, contrary to investor expectations. Iron ore has experienced up to 38 per cent price growth over the past seven months and was $US137 last week. The upward…
