News List
EU may increase funding for research in coal and steel sectors
The European Commission may finance a much larger share of research in the coal and steel industries from 2027 onwards. This was reported by Argus Media, citing a published staff working document. If the bloc goes ahead with this proposal, the EU’s Research Fund for Coal and Steel (RFCS) will finance 70% of corporate…
Semi-finished steel production up 4.7% in 7 months on year
The production of semi-finished steel in Iran rose 4.7 percent in the first seven months of the current Iranian calendar year (September 23-October 22), as compared to the same period of time in the past year, the Iranian Steel Producers Association (ISPA) announced. According to the ISPA’s report, the country produced 18.152 million tons…
The EU is expected to increase scrap collection by 8 million tons in 2026
The European steel market is preparing for significant changes in 2026. We see that the role of CBAM as a technical barrier is growing, which could reduce imports in the first quarter by 20-30% y/y. The new tariff quota system, which is expected to come into force in July 2026, provides for a 43%…
National Iranian Steel Company (NISCO) at the 7th “Domestic Manufacturing and Production Demand” (TESTA) Exhibition
National Iranian Steel Company (NISCO)) will participate in the 7th TESTA event alongside IMIDRO-affiliated companies, including Iran Alumina, Sangan Iron Ore Complex, Iran Mineral Processing Research Center, West Country Research Center, and IMPASCO. The mentioned exhibition will be held from 13 to 16 December at the permanent Tehran International Exhibitions.
Minister: Iran to launch hybrid cars’ production line by yearend
Iran’s Minister of Industry, Mine and Trade Mohammad Atabak has said that new production line for hybrid and electric cars would be unveiled before the termination of the current Iranian calendar year (started March 21, 2025). (Quoting Mehr News Agency) Speaking in a televised interview, the minister stated that launching the new production line…
Azerbaijan: steel imports from Turkey up in January-November 2025
Azerbaijan imported $99.013 million worth of steel from Turkey from January to November, 7.9% more than in the same period in 2024. In November, Turkey exported $10.504 million worth of steel to Azerbaijan, 19.1% more than the previous year. The largest importers of steel from Turkey were Romania ($1.230 billion, +5%), Italy ($1.255 billion,…
Iron ore prices stagnate in early December
Iron ore prices are under pressure in early December 2025. At the same time, spot January contracts on the Singapore Exchange experienced a greater decline – by 2.3% over the period from November 28 to December 5, to $103.3/t, while January futures on the Dalian Exchange fell by 0.9% – to $111.12/t. The first…
95% increase in sales at Azerbaijan Steel Company in the first seven months of this year compared to the same period last year.
Member of the Board of Directors and Marketing and Sales Manager of Azerbaijan Steel Company noted: 95.2% increase in the company’s product sales at the end of the first seven months of this year compared to the same period last year. According to Nisco’s public relations, quoting the public relations of Azerbaijan Steel Company,…
Three important factors of Steel’s Future Path / IMIDRO’s Chairman of the Executive Board of Directors viewpoint
According to the public relations of National Iranian Steel Company, during the Steel Price International Conference on Advanced Steels, Mohammad-Masoud Samiei Nejad, IMIDRO’s Chairman of the Executive Boards of Directors emphasized the need for the country’s steel industry to move towards the production of advanced, high-strength, and high value-added steels in order to maintain…
Sponge iron production increase 5% in 7 months on year
The production of sponge iron in Iran rose five percent in the first seven months of the current Iranian calendar year (September 23-October 22), as compared to the same period of time in the past year, the Iranian Steel Producers Association (ISPA) announced. (Quoting Tehran Times) According to the ISPA’s report, the country produced…