News List
In the first half of the year over 18.8m tons of sponge iron was produced
According to the Iranian Steel Producers Association (ISPA), 18.86 million tons of sponge iron was produced in Iran in the first half of the current Iranian calendar year (March 21-September 22). Direct reduction iron (DRI), also called sponge iron, is produced from the direct reduction of iron ore (in the form of lumps, pellets,…
Iran got rank 19 in Home Appliances Industry with Mobarakeh Steel Products
Mobarakeh Steel Strategy in supplying the maximum needs of the country’s home appliance manufacturing plants, especially in the conditions of sanctions, has provided the opportunity to increase production capacity, supply of domestic needs and export of $ 300 million and the 19th world ranking in the field of home appliance products. Nowadays we can…
Growth in scrap prices in turkey, Contrary to market expectations
In Turkey’s scrap import market, the latest average heavy scrap price of 20-80 has risen daily to $5.5 per ton CFR. Deals for U.S. and European scrap have been finalized in recent days، ranging from $357 to $5 for heavy scrap. On the other hand, the growth in scrap prices forced factories to raise…
Vale’s third-quarter profit slips but beats expectations
Brazilian miner Vale reported on Thursday a 36% year-on-year decline in third-quarter net profit, landing above analyst estimates. Vale, one of the world’s largest iron-ore miners, reported profit of $2.84-billion, while analysts polled by LSEG expected $2.55-billion. Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) came in at $4.18-billion, below analysts’ estimates of…
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…
