News List
Iran to sign agreement with Turkmenistan on electricity coop
Iran and Turkmenistan are scheduled to sign an agreement, which will allow Iran to receive more electricity from the northern neighbor, an official said. Arash Kordi, the managing director of Iran Power Generation, Distribution and Transmission Company (Tavanir), told IRNA on Friday that the agreement will be signed on Saturday during an Iran-Turkmenistan Joint…
Production of special grades of steel with high value added is the necessity of obtaining more foreign exchange
The chairman of the board of directors of the Association of Steel Producers stated: Production of special grades of steel with high added value, will bring a lot of foreign exchange revenues from the export of these products. Bahram Sobhani, chairman of the Board of Directors of the Association of Steel Producers of the…
Iron ore rises on strong China data, stimulus optimism
Iron ore futures rose on Wednesday, driven by stronger-than-expected industrial output in China and ongoing support for the country’s ailing property sector. The most-traded January iron ore on China’s Dalian Commodity Exchange (DCE) closed up 1% at 971 yuan ($134.07) per metric ton, after hitting its highest levels since May 2021 earlier in the…
IRAN,S sponge iron production up 5.4%
Production of sponge iron in Iran rose by 5.4 percent during the first seven months of the current Iranian calendar year (March 21-October 22), according to the data released by the Iranian Steel Producers Association (ISPA). The ISPA reported that 22.112 million tons of sponge iron was produced in the country during the seven-month…
Seven months of Iran’s steel production at the level of previous year
The Iranian Steel Producers Association published the statistic of apparent steel consumption in the first 7 months of the current year. The apparent consumption of middle steel in the first 7 months of this year compared to the same period last year increased by 0.7%, the apparent consumption of all steel products increased by…
power plants of mine & mining industries are ready to open by the end of this year 3
Three power plants will enter the power generation circuit by the end of this year under IMIDRO,s leadership. The power plants will be launched by Mobarakeh, Gole-Gohar and Aluminum Al-Mahdi companies. According to public relations of IMIDRO, owing to the attitude of supplying electricity for mining and mineral industries by IMIDRO, second phase of…
Iron ore price retreats as China’s bourse plans to limit trading volumes
Iron ore prices fell on Tuesday after a state-backed bourse in China said it would limit trading volumes of futures contracts for the key steelmaking ingredient. According to Fastmarkets, benchmark 62% Fe fines imported into Northern China fell 0.69%, to $126.01 per ton. The most-traded January iron ore contract on China’s Dalian Commodity Exchange…
Mining Sector’s Export Stood at $7.4b in 7 Months/Export Value Up% 7.5
Export from Iran’s mine and Mining industries sector stood at $7.4 billion during the first seven months of the current Iranian calendar year (March21, October22, 2023), indicating 38 percent growth in terms of volume and 7.5 percent rise in terms of value YOY. According to the report of public relations of IMIDRO, Iranian mine…
Chairman of the steel association emphasized on the coherence and coordination between the iron and steel chain formations of the country
Dr. Bahram Sobhani, chairman of the Association of Steel Producers at the annual general meeting of the Iranian Steel Producers Association hinted to the currency problems, market regulation, supply of raw materials and the efforts of this association to follow and improve the challenges of steel production and export. He added: we are trying…
Noticable increase of Azerbaijan Steel Company’s production in seven months of the current year
Azerbaijan Steel Company production increased to 220,000 tons in the seven months of the current year. According to Public Relations of Azerbaijan Steel Company, Azimi,Managing director of the company stated: The production of rebar of Azerbaijan Steel Company in the first seven months of last year was 170,000 tons, which reached to 220 thousand…
