News List
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…
Goldman Sachs sees ‘clear deficit’ of iron ore for the rest of the year
The iron ore market is looking at a shortfall for the rest of the year due to low inventories and falling production, said Goldman Sachs. “Rather than facing a surplus for this year, the iron ore market is now set for a clear deficit,” Goldman said in a recent report. The analysts noted that…
2% growth in Iran’s steel production in march & October
The latest report by the Iranian Steel Producers Association (ISPA) indicates that Iran’s steel output rose by 2% during the first seven months of the current Iranian calendar year (March 21–October 22, 2023). The ISPA in its recent report has announced that the production of Iran’s steel products during the first seven months of…
Saudi Arabia and Australia are going to produce green cast iron / Global supply of green steel raw material in near future
Following the cooperation between Saudi Arabia and Australia, cast iron to produce green steel in global markets will be supplied . The Australian Magnum co, which is active in the exploration and extraction of iron ore,expressed the signing of an agreement with Saudi company Midetal. This company is active in the field of investigating…
Iran, ECO trade hits $10.2 bn in 7 months
The trade exchanges between Iran and the Economic Cooperation Organization (ECO)’s member states in the first seven months of the current Iraniancalendar year (March 21 to October 22, 2023) reached $10.2 billion. Over 14 million tons worth of products, valued at more than $10 billion, were exchanged between Iran and the nine ECO state…
