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Iran moves up to 9th in global ranking of steel producers

According to MNA Iran moved up to 9th from the previous 10th place in the ranking of the world’s largest steel producers, World Steel Association (WSA) announced. According to the statistics, Iran had produced 3.4 million metric tons (mt) of steel in May, up 4.5% as compared to the same period last year. The…

IMIDRO’s goal in new investment models is a surge in exploration

Somayeh Kholusi, IMIDRO’s Deputy of Planning and Empowerment, stated: IMIDRO’s goal in presenting new investment models is to create a significant surge in mine exploration. According to public relations of imidro, Kholusi, who was speaking at the specialized panel of the “Conference on Investment Opportunities in Exploration Licenses,” added: Over the past 10 years,…

Iran’s monthly GDP grows 0.9%, driven by non-oil sectors

Iran’s economy grew by 0.9 percent in the first month of the current Iranian calendar year Farvardin (March 21 – April 21), according to a new report from the Iranian Parliament’s Research Center. As reported by Mehr News Agency, the center released its latest estimate of monthly GDP growth in the absence of timely…

Self-sufficiency in production of automotive sheets with the role of Mobarakeh Steel Company

 Younes Hamzavi, the domestic sales manager of Mobarakeh Steel Co, on the sidelines of the International Auto Parts Exhibition  stated: the majority of sheets required by the automotive manufacturing and parts industries are produced domestically, and there is no longer a need for imports. ‎ ‎‎ He added, “Currently, about 90% of the needs…

China Increases Steel Exports to Iraq / Inking ‘Oil-for-Reconstruction’ Agreement

According to ‎‎Chilan‎‎, quoting the Mining Bulletin,‎  China’s steel exports to Iraq reached 399,000 tons in the first three months of 2025, an increase of 54.1% compared to last year.‎  China’s steel exports to Iraq have proliferated in recent ‎‎ years. The latest customs data shows that the volume of steel exports from China…

Billions in Trade at Risk for Indian Metals Industry

India is seeing mixed reactions to U.S new announcement that he is imposing a 50% tariff on all steel and aluminum imports from the country. While the Indian Government sought to play down the new Trump tariffs, with one minister dubbing its impact as “minor,” some analysts, experts and trade bodies are not too…

Aghajanlou announced: Interaction with the private sector for the optimal leadership of the companies

Areas of cooperation between the Tehran Chamber of Commerce, Industries, Mines and Agriculture and IMIDRO in the fields of: social responsibility collaboration, sustainable development, and corporate governance were discussed. According to public relations of National Iranian steel company Quoting IMIDRO, at this meeting  Mohammad Aghajanlou, Chairman of the IMIDRO’s Executive Board of Directors, with…

Nippon Steel’s $6B Green Steel Shift Targets Net-Zero by 2050

In a move to reshape its steelmaking process, Nippon Steel will invest ¥868.7 billion (approx. $6.02 billion) to build three new electric arc furnaces in Japan. The company is also expecting up to ¥251.4 billion ($1.74 billion) in government support. These scrap-fed furnaces are scheduled to begin operation in fiscal year 2029 and will…

In a meeting of managers of major mining companies & mineral industries with the First Vice President and the Minister of Industry, Mine and Trade

Aghajanlou announced the three demands of the mining industries from the government/”Removing the shock of electricity and gas costs”, “directing the company’s profit towards development” and “Participation of the National Development Fund in transferring water from the Sea of Oman”. ‎According to the IMIDRO’s Public Relations , in this meeting, which was held in…

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