According to Mining News Pro - Mansour Yazdizade, CEO of Esfahan Steel Company said that by launching the blast furnace, 800 thousand tons will be added to the production capacity of this company.
He says that ESCO is moving towards industrial productions and is keen to keep the exports as it is despite the sanctions and obstacles. “Currently, the country needs exchange more than ever,” he believes.
Yazdizade also commented on the organizing method of steel chain supply and demand:
“Uncertainty about iron ore pricing and its effects on raw material prices, allocation quotas to manufacturing companies, terms of supply in the commodity exchange and its possible changes puts the company’s financial performance into ambiguity.
Mining News Pro - Minister of mine, industry and trade said that currently we are in an economic war and the investors must try their best for economy boom and ...
Mining News Pro - BHP’s in-house capital unit, BHP Ventures, has participated in Boston Metal’s $US50 million ($64 million) funding to develop a technology that ...
Mining News Pro - Periodic visits of Midhco’s chief executive has be done for the 21st time this year.
Mining News Pro - Anglo American and South32 have finalised the sale of the Tasmanian Electro Metallurgical Company (TEMCO) smelter to GFG Alliance.
Mining News Pro - In a meeting with Iranian companies, brand owners, producers, and organizations the general committee of social responsibility choose Oxin Steel as ...
Mining News Pro - Today, India’s billet worth 565 USD per ton according to SteelMint.
Mining News Pro - China aims to build one or two globally significant overseas iron ore mines by 2025 to boost the supply of the steelmaking ingredient and ...
According to SteelMint, India’s FOB billet experienced 1.4% rise today.
Mining News Pro - Hormozgan Steel Company succeeded in producing 139,478 tons of slab in the last 4 months which is a new record.