News List
Steel production stands at 56.5m tons in first half of the year
Production of steel in Iran stood at 56.5 million tons in the first half of the current Iranian calendar year (March 21-September 22), the Iranian Steel Producers Association (ISPA) announced. As previously announced by an official with the ISPA, production of steel in the country increased by 8.5 percent in the previous Iranian calendar…
Iron ore slumps as China property, steel output woes persist
Iron ore futures fell , weighed down by concerns about China’s ailing property market and weaker-than-expected steel production. The most-traded January iron ore on China’s Dalian Commodity Exchange DCIOcv1 fell 27.5 yuan, or 3.2%, to 839 yuan ($114.64) per metric ton at the close of daytime trade. The contract has so far made a…
In 2020, 3.7 gigatons of carbon dioxide were produced in the global steel industry
Managing Director of National Iranian Steel Company expressed that the carbon dioxide production of the world steel industry in 2020 is equivalent to 3.7 gigatons. Mohammad Aghajanloo, who spoke as a lecturer at the 25th Steel Symposium on “Green Steel Solutions” considered the iron-making process as the largest share of carbon dioxide emissions, and…
worldsteel Short Range Outlook October 2023
The World Steel Association (worldsteel) today released an update of the Short Range Outlook (SRO) for 2023 and 2024. worldsteel forecasts that steel demand will grow by 1.8% in 2023 and reach 1,814.5 Mt after contracting by 3.3% in 2022. In 2024, steel demand will see a further increase of 1.9% to 1,849.1 Mt.…
Arfa Iron and Steel Company joined the World Steel Association
Along with the government’s purposefully, comprehensive &extensive efforts to strengthen and improve relations with other countries of the world and to enter and participate in international cooperation in advancing and contriving affairs, the request of Arfa Iron and Steel Company to be a member of this global association has been agreed by the World…
The first major power distribution transformer of Qhaenat Steel was launched
While Managing Director of National Iranian Steel Company visited Qhaenat Steel Complex, the first main transformer of the power substation of Qhaenat Steel Complex was launched. According to the Public Relations of Qhaenat Steel Complex, during the visit of Mohammad Aghajanloo and his accompanying delegation from different units of Qhaenat Steel Complex such as…
Vale’s iron ore output falls as operations failure hits key mine
Brazilian miner Vale SA reported on Tuesday a 3.9% year-on-year decline in its third-quarter iron ore output, hit by a production snag at a key mine. The firm produced 86.2 million metric tons of iron ore during the July-to-September period, according to a securities filing. The miner’s quarterly production was hit by a one-time…
10 percent increase in steel production by the end of the year
Ahmad Ahmadi, manager of Strategic Planning of National Iranian Steel Company regarding the supply of needed electricity for National Iranian Steel Company, stated: It’s been a while we are facing some limitations in the supply of electricity, and according to the agreement signed between the Ministry of industry, mine &trade and Ministry of Energy,…
IMIDRO starts building 100MW solar power plant
Ground- breaking Ceremony of Chadormalu’s 100MW Solar Power plant was held by attendance of Mohammadreza Movassaqinia chairman of the board of IMIDRO in Yazd Province. According to the report of public relations of IMIDRO, Amirali Taherzadeh, CEO of Chadormalu Mining and Industrial Company, Hesam Moghadamali and Somayeh Kholusi, IMIDRO’s deputies and some provincial officials…
The synergy of the country’s steel producers can be a facilitator to progress and development of this industry
Managing director of National Iranian Steel Company at the 10th Steel Price Conference which was held at the Olympic Hotel in Tehran, emphasized the need for the synergy of steel producers to progress & development of this industry. According to Public Relations of National Iranian Steel Company, Aghajanloo while expressing a statistical status of…
