Iron and Steel

Mining News Pro - Hormozgan Steel Company is the second largest steel making company with 95 hectares that is located in the west of Bandar Abbas.

Mining News Pro - Esfahan Steel’s Deputy of Operation said: “In the first two months, export rate was exactly what we expected and it is expected that the production of cast iron and the exports of the company will continue growing until the end of the year.”

Mining News Pro - Esfahan Steel Company has reached their third production record.

Mining News Pro - Containerized scrap trades to South Asia remained limited on account of low demand and to have more clarity after the recent price hike in the global market.

Mining News Pro - CEO of Esfahan Steel Company said: “Last Year, we had a difficult situation because of sanctions, but with the aid local employees (5800 person), our company had a good progress inproduction.”

Mining News Pro - Tata Steel Europe and Thyssenkrupp AG, a German multinational had signed an equal joint venture agreement in June last year to combine their steel business which had made it the region’s second-biggest steelmaker, first being ArcelorMittal.

Mining News Pro - TNG has engaged construction group McMahon Services to progress the program of work for the non-process infrastructure (NPI) requirements for its flagship 100%-owned Mount Peake vanadium-titanium-iron project, in the Northern Territory of Australia.

Mining News Pro - Donald Trump imposes new sanctions on Iran’s industrial metals. This includes industries such as iron, steel, aluminum, lead, and copper.

Mining News Pro - CEO of Mobarakeh Steel Company: MSC has one percent share in Iran’s GDP and by paying 100 million USD of tax, the company stands in the first place among other mining companies.

Mining News Pro - In the first three months of 2019, China’s steel trades was sustainable and in had an increase in both production volume and exports.

Mining News Pro - Australian iron ore stocks have responded strongly following news that Brazilian courts have again stopped Vale from operating the Brucutu mine.

Mining News Pro - CEO of Iranian Mines and Mining Industries Development and Renovation Organization said that Khouzestan Steel had 57 percent share of country’s crude steel export last year.

Mining News Pro - IMPASCO’s member of the board of directors said: “In the recent years, Iran Minerals Production and Supply Company have had a major attention on exploration operations. In some parts of the country, the company found new resources of lead in Nakhlak region. Before these explorations, we had the lack of lead resources.”

Mining News Pro - The Company had 164.2 million USD of revenue in March.

Mining News Pro - United States, world`s largest ferrous scrap exporter and one of the leading steel exporters observed rebound in ferrous scrap exports in Feb`19 however, exports of Coal, Iron Ore and finish steel products dropped on monthly premises against volume registered in Jan`19, the data provided by US customs showed.

Mining News Pro - According to a one month analyze, Khouzestan Steel Company’s revenue has grew by 174 percent and reached 82.8 million USD in March compared with the same period last year.

Mining News Pro - The country has imported 68 thousand tons of steel ingot worth 38 million USD.

Mining News Pro - SteelMint in conversation with market participants shared that a major Indian steel mill have concluded a deal with Vietnam for April end-May shipments.

Mining News Pro - Major global scrap markets observed price correction on weak demand globally. Turkish steel mills booked cargoes at lowered prices amid subdued steel demand. Japan`s monthly Kanto tender for Apr`19 fetched bids lower by USD 15 against last month.

Mining News Pro - Last year, companies have produced total amount of 24 million tons of DRI in Iran. Mobarakeh Steel’s share was more than 10.5 million tons.

In Picture