News List
stability of the Brazilian giant’s mining iron ore production
It is expected that brazil’s Vale Mining Company to produce 310 to 320 million tonnes of iron ore next year, which is relatively similar to the planned production of this year. It is also estimated that its iron ore production will reach 315 million tons this year. The company’s latest quarterly report showed the…
Dalian iron surges nearly 4% amid upbeat export figures
Iron ore futures gained on Thursday, as market participants reacted to upbeat export figures from China and positive updates from major producers. The most-traded May iron ore on China’s Dalian Commodity Exchange (DCE) rose 3.9% to 941 yuan ($131.46) per metric ton at closing. On the Singapore Exchange, the benchmark January iron ore was…
Iran’s export to EAEU members rises 20% in 8 months
The value of Iran’s exports to the members of the Eurasian Economic Union (EAEU) increased by 20 percent in the first eight months of the current Iranian calendar year (March 21-November 21) as compared to the same period last year, the spokesman of the International Relations and Trade Development Committee of Iran’s House of…
36% growth in production and 69% income in the last eight months/ Managing Director of Azarbaijan Steel Company reported
While managing Director of Azarbaijan Steel Company expressed the company’s performance in the last 8 months of 1402 compared to the same period in 1401 ,announced a 36% growth in production and 69% income. According to the Public Relations of Azarbaijan Steel Company, Mikaeel Azimi announced the above statement and continued: Based on the…
Does Coal Have a Future in Power Generation?
Hard to believe, but some global mining and trading houses have been hard at work trying to build up their coal holding, especially coal destined to steel mills. Today we want to take a look at global coal usage but with reference mainly to the production of electricity. There are three related questions here.…
Movassaghinia emphasized in a meeting with companies located in the Persian Gulf Special Zone
We will reduce the barriers of export based production/ Necessity of sustainable and proportional development of production lines with steel chain IMIDRO, s chairman of the board stated: “The emphasis of the Minister of Industry is on export based production, therefore IMIDRO will perform its best to remove the obstacles and concerns of producers,…
Short term outlook of china’s steel market
According to the latest monthly report by the China Iron and Steel Association, Chinese steel prices are expected to remain in slight swings after recent price hikes in the near future, as demand from consumer steel industries may be underperforming with slow growth. The association noted that the impact of global geopolitical conflicts may…
Iranian pellet Production Jumps 10 % in March_Oct 2023 Period
Pellet production of major Iranian mining companies witnessed 10 percent growth during the first seven months of the current Iranian calendar year (from March 21 to October 22, 2023). Pellet Production Jumps 10 % in March_Oct 2023 Period According to the report of Public Relations of IMIDRO, nine major Iranian mining companies produced 23,626,227…
Gold price hits all time high
Gold jumped to a new all-time high on Friday after three straight weeks of gains on bets that US interest rates could soon be cut — and safe haven buying amid turmoil in the Middle East and elsewhere. Gold futures trading in New York shot up 1.6% on Friday closing at $2,089.70 per ounce,…
Nippon Steel to hunt for more coking coal, iron ore assets
Nippon Steel, the world’s No.4 steelmaker, will keep on hunting for stakes in coking coal and iron ore mines to ensure a stable supply of essential raw materials and mitigate the potential impact of price volatility, its executive said. A Glencore-led consortium, including Nippon Steel, sealed one of the mining sector’s biggest deals in…
