Golgohar Mining and Industrial Company (GEG) is considering purchasing an iron ore mine in Australia, manager Nasser Taqizadeh said. The company will either make the purchase on its own or through a consortium made up of Iranian steelmakers, Minews reported. “Australia is our main choice, as we seek to buy a mine in a country with […]

The Iranian flat steel import market has been quiet over the past seven days, as most market participants were on a long weekend break to celebrate Eid al-Fitr, the holiday that marks the end of the Muslim fasting month of Ramadan. According to Metal Bulletin’s report on Friday, suppliers of imported flat steel revised their […]

May the noor of this EID illuminate our heart, mind, soul and may all our prays be answered. Remember us in your prayers.   Eid Mubarak Yegane Andish Sanat Co.

The prices of imported hot-rolled and cold-rolled coils in Iran remained unchanged over the past week. With the holy month of Ramadan coming to an end, buying activity has resumed, with a number of deals reported as concluded by sources. Metal Bulletin’s weekly assessment for imported 2-mm HRC in Iran remained stable over the week at […]

Close to 200 industrial units were founded in Iran’s industrial parks during the first two months of the current Iranian year (March 21-May 20), creating around 2,200 jobs, the deputy head of Iran Small Industries and Industrial Parks Organization, Farshad Moqimi, said. “It is estimated that by the end of the year, about 136,000 jobs […]

Steel billet prices dropped in almost all markets last week, affected by falling finished steel prices in China and continued weak buying activity due to the Islamic holy month of Ramadan.