15% increase in DRI production in Hormozgan Steel Company
Mining News Pro - The DRI manager of Hormozgan Steel Company's said: According to the plans made in line with the increase in production and the realization of the organization's goals, with the efforts of colleagues, in the nine months of this year, the company's sponge iron production has increased by 15% compared to the same period last year.
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Visit: 75
Cliffs CEO weighs lowball bid for US Steel with union backing
Cleveland-Cliffs Inc. chief executive officer Lourenco Goncalves said he’d consider another bid — with union support — for United States Steel Corp., albeit at a significantly lower price than the existing offer from Nippon Steel Corp.
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Visit: 93
HOSCO intends to become the first producer of green steel in Iran
Mining News Pro - CEO of Hormozgan Steel Company said: By using hydrogen in the direct reduction process, Hormozgan Steel will soon become the first producer of green steel in Iran and free of carbon pollution.
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Visit: 51
MSC produced 12 new special products this year
Mining News Pro - Chief executive of Mobarakeh Steel, stated: "This year, we achieved good things despite the challenges, but unfortunately, this year we also faced unprecedented restrictions in the field of electricity and gas, which jeopardized the full realization of goals and production flow."
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Visit: 39
A new record in daily DRI production for HOSCO
Mining News Pro - The first daily production record of Hormozgan steel was recorded with the production of 5958 tons of sponge iron on April 13 this year.
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Visit: 43
Khuzestan Steel is the pioneer in development of the Iran's steel industry
Mining News Pro - Chief executive of Khuzestan Steel Company says that the company is the narrator of the development and evolution of the industry and it was put into operation with a capacity of one million and 500,000 tons.
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Visit: 36
Nickel price crash seen extending Indonesia’s grip on supply
A prolonged slump in nickel prices is stress-testing producers worldwide, raising the prospect of sweeping mine closures that will deepen Indonesia’s dominance of global supply.
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Visit: 140
Iron ore price rebounds on renewed hopes of China stimulus
Iron ore futures prices recouped losses on Thursday, after falling for five straight sessions, helped by the latest support for the property market and renewed hopes of monetary easing in top consumer China.
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Visit: 120
India to exempt certain steel product imports from quality control requirements
Mining News Pro - India may exempt certain steel product imports from quality control requirements to meet domestic demand and rein in prices, broadcaster ET Now reported on Thursday citing sources.
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Visit: 77
Biden extends EU steel, aluminum tariff exemption for 2 years
Mining News Pro - US President Joe Biden on Thursday extended the suspension of tariffs on European Union steel and aluminum for two years to continue negotiations on measures to address overcapacity and low-carbon production.
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Visit: 70
Japan’s Jan-March crude steel output forecast to rise 1.7%
Mining News Pro - Japan’s crude steel output is forecast to rise 1.7% year on year in the first three months of 2024 because of healthy demand from automakers, the Ministry of Economy, Trade and Industry (METI) said on Tuesday.
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Visit: 87
Nippon Steel agrees to buy US Steel for $14.1 billion
Mining News Pro - Nippon Steel Corp. will buy United States Steel Corp. for $14.1 billion to create the world’s second-largest steel company — and the biggest outside of China — with a key role in supplying American manufacturers and automakers.
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Visit: 102
4 percent jump in blast furnace section for ESCO
Mining News Pro - In the first six months of the current year, ESCO's blast furnace department achieved a 4% increase in cast iron production and a 7% increase compared to the same period last year.
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Visit: 129
60 percent jump in ESCO’s rebar export
Mining News Pro - From the beginning of the year, the export of ESCO’s rebar has grown by 60% compared to the same period in the previous year.
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Visit: 150
Obtaining safe and reliable iron ore reserves for the continuation of MSC production
Mining News Pro - In an interview with Foolad Radio, the director of mineral processing of Mobarakeh Steel Company stated: “Access to reliable iron ore reserves is for the continuation of the production of Mobarakeh Foulad Group.”
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Visit: 148
Chadormalu has a new record in steel ingot production
Mining News Pro - With the intelligent management of Chadormalu Mining and Industrial Company, the daily production of steel ingots with export quality exceeded 5555 tons.
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Visit: 164
Iron ore price eyes fifth weekly gain despite China intervention
Mining News Pro - Iron ore futures erased earlier losses and are set for their fifth weekly gain on Friday as property support-led optimism in top consumer China outweighed headwinds from the latest intervention from authorities.
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Visit: 158
China to tighten oversight on iron ore market after price rally
Mining News Pro - China’s state planner said on Thursday that it would closely monitor changes in the iron ore market and further tighten supervision of spot and futures trading in its latest effort to curb a rally in the price of the key steelmaking ingredient.
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Visit: 95
Bright performance of Khuseztan Steel Company in the first 8 months
Mining News Pro - Khuzestan Steel Company has registered a very successful performance in the first 8 months of this year, despite the electricity restrictions this summer, and the sales revenue of its products from the beginning of this year to the end of November has been more than 90% of the company's total revenue in the last 12 months.
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Visit: 165
HOSCO’s export jumped by 8 percent
Mining News Pro - Applying the market expansion strategy and obtaining the best export goals is one of the most important approaches of Hormozgan Steel Company and basically one of the important and influential factors in the success of this company.
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Visit: 125
MSC’s plan to reach the nominal capacity
Mining News Pro - Mohammad Yaser Tayebnia, chief executive of Mobarakeh Steel Company emphasized the importance of using the available capacities in all production lines of this company.
Tayebnia stated that reaching the nominal capacity is one of the basic requirements and strategies not only in this company but in all the subsidiaries of Mobarakeh Steel Group.
“Although there are many problems to reach the maximum capacities; But as we have overcome these obstacles in recent years, we must be determined to overcome these problems and achieve our goals in this collection,” he said.
“The main product of this company is coated tin sheet with a nominal capacity of 150,000 tons per year, which unfortunately, due to the limitations of our company's supply of black sheet, an average of 50,000 to 60,000 tons of product is produced,” said Ramin Bakhtiari, member of the board of Tavan Avar Asia Company.
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Visit: 129
Rio Tinto’s Q3 iron ore shipments rise marginally on Gudai-Darri strength
Mining News Pro - Rio Tinto reported a 1.2% rise in its third-quarter iron ore shipments on Tuesday, as the Anglo-Australian miner ramped up production at its Gudai-Darri mine.
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Visit: 140
A new DRI production record for Hormozgan Steel Company
Mining News Pro - In the DRI unit, HOSCO was able to set a new record in DRI production in November.
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Visit: 121
1500 days without accident in Khuzestan Steel Company
Mining News Pro - Asghar Rashnoudi, General Director of Cooperative, Labor and Social Welfare Department appreciating 1,500 days without accident and human disaster in Khuzestan Steel, said: “We are all familiar with the slogan "Safety first, work later". Fulfilling this motto is an honor for any organization. Passing 1,500 days without incident in Khuzestan Steel shows the importance and attention to the issue of safety.”
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Visit: 124
Iron ore price rises as output in Chinese steel mills hits highest since October 2020
Mining News Pro - Iron ore prices rose on Thursday helped by higher hot metal output data in China.
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Visit: 168