News List
Ghadir Neiriz Steel Factory / Successful performance of the first melting
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China’s steel output, demand to fall again in 2025
Both crude steel production and apparent consumption in China are expected to decline in 2025, with output contracting at a faster pace than demand, according to Mysteel’s newly published forecast for the domestic steel market next year. The drop in steelmakers’ production will likely be driven by weakening steel exports, it notes. Mysteel predicts…
Launching the oxygen plant of Ghaenat Steel Complex by domestic experts
The oxygen plant of Ghaenat steel complex was launched by the experts of this complex and Iritec Company. This project has the capacity to produce 5,500 normal cubic meters per hour of oxygen. The main purpose of the oxygen plant is to separate oxygen, nitrogen, and argon gases in the air for…
Steel prices may fall by another 4% in 2025
The global steel and raw materials market continues to experience a crisis caused by the simultaneous growth of exports from China and declining demand in key markets. In 2024, China’s steel exports increased by 25%, reaching 115-118 million tons. This coincided with a 3-4% drop in the activity of steel-consuming industries in the EU.…
China’s steel exports reach new record in 2024 / surpass 100 million tons and Impressive growth in Middle East markets
Chinese steel exports are projected to hit an eight-year high in 2024, potentially exceeding 100 million tons, according to the Financial Times. This surge is attributed to a significant decline in domestic demand, prompting manufacturers to increase exports primarily to Southeast Asia and Europe. However, China’s steel market will face challenges in 2025. The…
Unveiling the new version of the National Steel Atlas at the 6th National Iranian Steel Festival and Exhibition
According to the Public Relations of the National Iranian Steel Company: In the presence of Seyyed Mohammad Atabak, Minister of Industry, Mines &Trade, the new version of the National Iranian Steel Atlas was unveiled at the 6th National Steel Festival and Exhibition. This atlas is a comprehensive map of the geographical location of all…
Use of clean energy, main solution to address shortages
President Masoud Pezeshkian held a meeting with directors of Iran’s steel industry on energy shortages which he said have left adverse effect on industries. The president emphasized that the use of clean energy is the main solution to address the existing shortages while consumption should be reduced as well. “One of the main challenges…
Signing of a Memorandum of Understanding between Sepid dasht Chaharmahal and Bakhtiari Steel Company and Iran Transfo
According to the Public Relations of the National Iranian Steel Company, quoting the Public Relations of Sepid dasht Steel Company, this MoU was inked due to the localization and technology development. With regard to the capabilities of Iran Transfo, the localization of furnace transformers required by Sepid dasht Steel Company will be carried out…
Announcement of Minister of Industry, mine &Trade at The 6th National Iranian Steel Festival and Exhibition: The revival of the Steel Headquarters
According to the Public Relations of National Iranian Steel Company, (Nisco) Mohammad Atabak, Minister of Industry, Mine and Trade, stated: Regarding the mining, proper governance and accurate policy-making are necessary, one of the measures that we are considering and paying attention is the establishment of a central headquarters called “Steel Headquarters”, this headquarters will…
National Development Fund / Financing the construction of 25 solar sites
The National Development Fund (NDF) has started financing major projects for the construction of solar power plants in the country. The first project of these group is a plan with a capacity of 1,500 MW in 12 provinces and 25 sites, which will be built in two years, and part of it will…