3.6% growth in product quality in Mobarakeh Steel Company

Mining News Pro - Achieving the desired quality in products requires quality production in each of the production stages.

Iron ore price hits seven-week low on softening China steel demand, higher supply bets

Iron ore futures extended their decline to a fifth straight session on Wednesday, hitting a seven-week trough, pressured by faltering steel demand and expectations of higher shipments to top consumer China in June.

Thyssenkrupp can’t afford delays over future of steel unit, chairman says

Thyssenkrupp’s chairman on Saturday defended a move to sell a stake in the group’s steel unit to Czech billionaire Daniel Kretinsky against the will of worker representatives, adding the company could not afford to delay critical decisions.

Iron ore price slips after China reiterates steel output control

Iron ore futures prices slipped on Thursday, undermined by fears of falling demand in top consumer China in the remainder of the year after Beijing reiterated its stance on continuing to control crude steel output in 2024.

US Steel, Nippon Steel receive all non-US approvals for merger

US Steel Corp and Japan’s Nippon Steel have received all regulatory approvals outside of the United States for their proposed $14.9 billion merger, the companies said on Thursday.

US Steel, Nippon Steel receive all non-US approvals for merger

US Steel Corp and Japan’s Nippon Steel have received all regulatory approvals outside of the United States for their proposed $14.9 billion merger, the companies said on Thursday.

77% jump in Hormozgan Steel Company's slab production

Mining News Pro - Hormozgan Steel Company CEO said: “Hormozgan Steel Company managed to produce more than 161,000 tons of steel in April 1403, which shows a 77% jump compared to March last year.”

Consistent supply of raw materials for Esfahan Steel Company is vital

Mining News Pro - Considering the production of rails, Isfahan Iron placed Iran in the 17th position of the rail producing country in the world.

BHP-Anglo American deal raises alarm in Japan’s steel industry

Japanese steelmakers have raised concerns with Australian authorities that BHP Group could become too dominant in the global supply of coking coal if it goes ahead with a takeover of Anglo American.

Nippon Steel sticks to plan to close US Steel deal by year-end

Japan’s top steelmaker, Nippon Steel, is sticking to its plan to close a deal by year-end to buy US Steel, which it expects to boost output and profits, the company said on Thursday, despite resistance to the transaction in the US.

BHP-Anglo American deal raises alarm in Japan’s steel industry

Japanese steelmakers have raised concerns with Australian authorities that BHP Group could become too dominant in the global supply of coking coal if it goes ahead with a takeover of Anglo American.

The sales revenue of Mobarakeh Steel Company jumped 20%

Mining News Pro - With a good understanding of the importance and role of production in the industrial and economic cycle of the country, Mobarakeh steel began the year 1403 by setting numerous records and increasing productivity in April and May, and a brilliant performance in production, product sales and profitability for stakeholders and shareholders. “In addition to the successes achieved in the field of production, this company has also succeeded in earning income from sales; So that in the first two months of the year, with the sale of one million and 514 thousand tons of products in both domestic and export markets, it earned 481 thousand and 925 billion Rials, which shows a 20% increase compared to the same period last year,” says Mahdi Koveiti, economic and financial deputy of MSC. “In general, considering the sales performance of the first two months of the year and the successes achieved in production, it is expected that the profitability of the company in the first quarter of the year will be in a more favorable situation compared to the previous year. At the same time, we hope that by God's grace and with the efforts of all our colleagues, with the continuation of this process, we will see more profitability and productivity growth in Mobarakeh Steel,” he added.

Production jump in Hormozgan Steel Company during 2 months of this year

Mining News Pro - Despite the existing problems and challenges, Hormozgan Steel Company was able to record a 3.7% jump in iron and steel production and an 8.9% increase in sponge iron production in the first 2 months of this year and compared to the same period last year.

30% jump in rail production in Esfahan Steel Company

Mining News Pro - The CEO of Isfahan Zob Ahan said: “ESCO is the only rail producer in West Asia and supplies rails for all rail projects in the country, including intercity railway lines and metropolitan metros.”

The ritual of tree planting and the beginning of the afforestation project of Gol Gohar Iron and Steel Development Company

Mining News Pro - The ceremony of commemorating the tree planting day and the beginning of the afforestation project and the improvement of the green space of Gol Gohar Iron and Steel Development Company was held this morning by planting a tree in this company.

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.

Supply of 8.7 million tons of Mobarakeh steel products to the market

Mining News Pro - The CEO of Mobarakeh Steel announced that all the organization's goals were achieved in 1402 despite all the restrictions in the fields of electricity, gas and raw materials and said: If we consider the amount of product delivery to the domestic and export markets as the final performance of the company's ambitious employees, we must announce Since the beginning of 1402, 8.7 million tons of products have been transported to the target markets in the total domestic and export market, while fulfilling the planned goals, which has grown by 6% compared to last year.

Nippon Steel emphasizes its ‘deep roots’ in the US as it pursues US Steel deal

Nippon Steel intends to pursue its proposed acquisition of US Steel and wants its “deep roots” in the United States to be recognized, its new president said – remarks that come after US President Joe Biden expressed opposition to the deal.

China’s younger steel industry slows net zero path, BHP CEO says

China’s steel industry is young compared to Europe’s, and its transition to net zero may be slower as it takes a different path to reach government-mandated decarbonization goals, according to BHP Group Ltd.’s chief executive officer Mike Henry.

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.

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.

US Steel takeover’s fate may hang on the words of a union boss

David McCall has a once-in-a-generation opportunity to do right by America’s industrial workers, and he’s ready to seize the moment.

Nippon Steel’s China assets raise concerns over US deal

President Joe Biden’s administration is examining Nippon Steel Corp.’s connections to China, people familiar with the matter say, a potential stumbling block for the Japanese giant’s politically contentious deal to acquire American rival United States Steel Corp.

Nippon Steel’s China assets raise concerns over US deal

President Joe Biden’s administration is examining Nippon Steel Corp.’s connections to China, people familiar with the matter say, a potential stumbling block for the Japanese giant’s politically contentious deal to acquire American rival United States Steel Corp.

Esfahan Steel’s ammonium sulphate received a license

Mining News Pro - Zob Ahan Isfahan was honored to receive the 8th license to use the standard mark for the ammonium sulfate by-product.

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