News List
Turkey reduced scrap imports by 9.4% y/y in January-August
Turkish steel companies reduced imports of ferrous scrap by 9.4% year-on-year in January-August 2025 compared to the same period in 2024, to 12.25 million tons, according to SteelOrbis, citing data from the Turkish Statistical Institute (TUIK). In August, imports of scrap to the Turkish market decreased by 29.1% compared to August 2024 and by…
The 14th International Exhibition of Mine and Mining Industries (MINEX) ended
The 14th International Exhibition of Mine and Mining Industries, Machinery and Related Equipment (MINEX) with the presence of domestic and international companies ended its work after four days. Mohsen Jafar, Manager of Public Relations of the National Iranian Steel Company (NISCO), appreciated the participant’s contribution, and noted: Holding this event is a valuable opportunity…
The 18th Arab Steel Summit will be held next week
The Arab Iron and Steel Union (AISU) is hosting the 18th Arab Iron and Steel Summit and Exhibition at the Oman Convention and Exhibition Centre in Muscat. The event will take place on October 7 and 8, 2025. The Brazilian company Valle, as the world’s largest producer of iron ore, is one of the…
Sponge iron export up 41% in 5 months on year
The value of Iran’s sponge iron export rose 41 percent during the first five months of the current Iranian calendar year (March 21-August 22), as compared to the same period of time in the past year, according to the Iranian Steel Producers Association (ISPA).(Quoted by Tehran Times) As ISPA reported, the country’s sponge iron…
Iran, EAEU sign 3-year roadmap to implement free trade deal
Iran and the Russia-led Eurasian Economic Union (EAEU) have signed a roadmap that details how they should implement a free trade deal that came into law in May. (Quoted by MNA) The document was signed in Moscow on Wednesday by Iran’s Minister of Industry, Mine and Trade Mohammad Atabak and EAEU’s executive body’s Minister…
Sefid Dasht Steel company’s record breaking in Sponge Iron Production
Sefid Dasht Chaharmahal and Bakhtiari steel company produced more than 518,000 tons of sponge iron in the first half of 1404 (Iranian calendar) shows 106% of the production plan and a 6% increase compared to last year. Additionally, with the successful implementation of the first phase of steelmaking and casting, the company produced about…
BHP iron ore shipments continue despite China deadlock
BHP continues to send iron ore shipments to China from its Pilbara mines, despite a price stand-off between the resources giant and Beijing which threatens billions of dollars of Australian exports. China’s state-run buyer of iron ore, China Mineral Resources Group, has told its steelmakers not to purchase iron ore from BHP, according to…
Global scrap prices mostly decline in September
Turkey’s reduction in purchases has led to an accumulation of scrap in Europe Global scrap prices have mostly stagnated in September 2025. Only the Chinese domestic market has seen slight growth, while in Turkey, the US, and the EU, prices have fallen or remained at August levels. Turkey In September 2025, the scrap market…
Emergency & safety building of Azarbaijan Steel Company inaugurated
The emergency and safety building (HSE) of Azarbaijan Steel Company was inaugurated in the presence of provincial officials and the governor of Miyaneh city. In this ceremony, Azerbaijan Steel Company’s Managing Director, emphasized the sacrifice of the forces of the safety and fire department while considered the ceremony of honoring the HSE personnel as…
Jindal Steel orders second hydrogen-ready DRI plant in Oman
Jindal Steel Duqm, a subsidiary of Jindal Steel Group, reconfirmed its confidence in Danieli by ordering a second hydrogen-ready direct reduction plant for the production of hot-briquetted iron (HBI). The DR plant will be installed in Duqm, in the Al Wusta region of the Sultanate of Oman, where the first Energiron DRI plant is…
