News List
Steel exports from Turkey grew by 12.6% y/y in the first 10 months
Turkish steelmakers are boosting sales to foreign markets, increasing the share of exports in the market structure In January-October 2025, Turkish steelmakers increased steel exports by 12.6% compared to the same period in 2024, to 12.54 million tons. Export revenues rose to $8.49 billion (+4.1% y/y). This is according to data from the Turkish…
In the second hall this week, supply of foreign currency from the metal chain exports will be operational.
IMIDRO’s Chairman of the Executive Board of Directors announced: Regarding the bilateral agreement of the Ministry of Industry, Mine and Trade and the Central Bank, the supply of foreign currency from the country’s metal chain exports will be operational in the second hall this week.(Quoting IMIDRO) According to IMIDRO’s public relations, Mohammad Masoud Samiei…
Iron ore price inches higher on softer dollar, weak demand caps gain
Iron ore futures ended higher on Thursday, helped by a softer dollar, although gains were limited by falling China lump ore premiums that signalled weak demand for the steelmaking material. The most-traded January iron ore contract on China’s Dalian Commodity Exchange (DCE) inched 0.44% higher to 799.5 yuan ($112.92) a metric ton. The benchmark…
Air Production Unit in Miyaneh Steel Project launched
The compressed air production unit of the Miyaneh steelmaking project in order to meet the critical needs of various sections of this industrial complex was successfully launched and put into operation. This unit as one of the key infrastructure sections is responsible for supplying the compressed air required for the entire industrial site, as…
China’s steel supply pressure persists despite production dip
Global crude steel production declined by 2.1% in the first 10 months of 2025, but the downward price pressure exerted by overcapacity persisted as Chinese exports continued to rise. The latest data from worldsteel shows that production among steelmakers in the 70 countries monitored by the association was 1.52 billion tonnes. The modest decline…
A 240/320-ton overhead crane in the melting span of the steelmaking section of Miyaneh Steel Complex installed and launched
According to Nisco’s public relations, quoted by the public relations of Miyaneh Steel Complex, an overhead crane with a capacity of 240/320 tons was tested and launched in the melting span of the steelmaking unit of the complex. Abdi, caretaker of Miyaneh Steel Complex, during the crane’s launching process noted: “The overhead crane is…
IMIDRO’s Six Productivity Policies in Line with the Seventh Development Plan
IMIDRO’s Chairman of the Executive Board of Directors noted: This organization’s six productivity policies for mines and mining industries companies are in line with the Seventh Development Plan.(Quoted by IMIDRO) According to IMIDRO’s public relations, Mohammad-Masoud Samiei- Nejad at the 11th Iranian Mines and Mining Industries Productivity Award Conference stated: “in order to achieve…
Iran, Turkey emphasize expansion of trade ties
Iran’s minister of industry, mining, and trade, during a meeting with the minister of trade of Turkey, emphasized the need to remove obstacles to the development of Tehran-Ankara economic cooperation and announced a $2 billion increase in the value of trade exchanges next year, reaching a total of $10 billion in trade between the…
Iran moves up 3 spots in global ranking of steelmakers
The latest statistics of the World Steel Association (WSA) have indicated that Iran moved up three spots to 7th place in the global ranking of largest steel producers. According to the figures, Iran produced 3.3 million tons of steel in October 2025 and returned to its 7th spot among the world’s largest steel producers.…
China’s steel production fell sharply in October 2025 / 12% year-on-year
China’s steel production fell sharply in October 2025, with crude steel output dropping by 12% year-on-year to 72 million tons. This decline is part of a broader trend of reduced production across the industry, reflecting a combination of factors including soft domestic demand, excess capacity, and low margins. The government’s signals about the need…