News List
Has the prices of iron ore risen too high ?
Iron ore has reached “unreasonable” levels that are hurting Chinese steel mills, according to China Mineral Resources Group, the state-backed firm trying to boost Beijing’s sway over prices. Elevated costs are squeezing margins at steelmakers in the world’s top producer, Guo Bin, President of China Minerals, said at an event in Shanghai during the…
British Steel to close its blast furnaces – job losses inevitable
Chinese-owned British Steel is planning to close its blast furnaces in Scunthorpe. The move will likely put up to 2,000 jobs at risk. The plan is to replace the blast furnaces with two electric arc furnaces (EAFs) – one at the company’s Scunthorpe facility, the other in Teesside. According to Jingye, the Chinese company…
The 5th National iranian Steel Festival and exhibition
The 5th National iranian Steel Festival and exhibition will be held in Milad Tower on 9 to 11 January. Steel Producers Association published the poster of “The 5th National Iranian Steel Festival and exhibition” and announced that this special event will be held in Milad Tower during three days from January 9 to 11…
China’s iron ore supply and demand declined
It is expected that this month, China’s iron ore import market to face a decline in supply and demand compared to the previous month, and the price may fall a little at first, but it will continue to grow. In the supply sector, iron ore imports to Chinese ports are predicted to be lower…
Steel industry expected to recover in 2024
Despite sluggish performance driven by a fall in steel prices, experts are optimistic about the steel industry’s recovery in 2024 as the Government’s policies and the revised Land Law are put in place to support the realty market and the construction industry. According to the Vietnam Steel Association (VSA), steel manufacturing output in September…
Iran steel products export up 21% in 7 months
The export of Iran’s steel products has risen 21 percent during the first seven months of the current Iranian calendar year (March 21–October 22, 2023), as compared to the same period of time in the past year. Iranian Steel Producers Association (ISPA) in its recent report has announced that the export of Iran’s steel…
Ghadir Neiriz Steel Factory / Successful performance of the first melting
The hot test of the electric arc furnace of Ghadir Neiriz Steel making was successfully performed. According to Public Relations of Ghadir Neiriz Steel Complex, in continuation of launching the steel ingots production line of the steel plant of this complex, the first melting of the electric arc furnace of this factory on November…
Specialized Conference of Steel Industry Financing by means of Modern Monetary and Financial Tools
Specialized conference of iron and steel industry financing will be held in Kish Island. The purpose of this conference is to examine the different aspects of the commodity deposit certificate issuance for pellets and special bank deposit certificate papers. On the sidelines of the 2023th Kish Invex International Exhibition two new forms of financing…
Minister of Economy Visited Kurdistan Steel Project
During the president’s second visit to Kurdistan, the Minister of Economy visited the Kurdistan Steel Project in Qhorveh. According to Public Relations of Kurdistan Steel, our Steel Chain in the field of iron ore is one of the most important projects in the province, which can create a major transformation in the region’s industry.…
ECO members sign MOU on establishing EU-China transport corridor via Iran
The transport ministers and representatives of the member states of the Economic Cooperation Organization (ECO) signed a memorandum of understanding (MOU) on the creation of a new transport corridor from China to Europe via Iran, Turkey, Turkmenistan, and Uzbekistan in Tashkent on Thursday. The MOU was signed on the sidelines of the 12th meeting…
