News List
President: ECO is serious symbol of neighborhood diplomacy
The President of the Islamic Republic of Iran emphasized in a message that for the Islamic Republic of Iran, ECO is a serious symbol of neighborhood diplomacy and, at the forefront, multilateral economic diplomacy according to IRNA. President Masoud Pezeshkian has stressed that for the Islamic Republic of Iran, ECO is a serious symbol of…
Malaysia puts anti-dumping duties on some China, South Korea, Vietnam iron, steel
Malaysia said on Saturday it has imposed provisional anti-dumping duties ranging from 3.86% to 57.90% on certain iron and steel imports from China, South Korea and Vietnam. The duties on imports of galvanised iron coils or sheets or galvanised steel coils or sheets were imposed based on a preliminary determination made in an anti-dumping…
Russia eyes summer deal with Pakistan for new Karachi steel mill
Russia expects to finalize an agreement with Pakistan this summer to build a new steel mill in Karachi, Consul-General Andrey V. Fedorov said on Monday, the first time a Russian official has publicly confirmed the planned project. The new project will mark the revival of Cold War-era industrial cooperation as Islamabad seeks fresh foreign…
Government prepares supportive packages for war-damaged units’ return to production cycle
Iranian minister of industry, mining and trade described the government’s support for industries damaged by the enemy’s invasion, in the form of the Ministry of Industry’s production support plan, as an important step in returning damaged units to the production cycle ,according by Tehran times. Seyed Mohammad Atabak said while commemorating this day: “Industry…
Australia expects a $19 billion decline in iron ore export revenues by 2027
Amid declining demand from China and rising production, iron ore prices will continue to fall until 2027 Australia forecasts a decline in iron ore export revenues from $116 billion in the 2024-2025 fiscal year to $97 billion in 2026-2027. This is stated in the country’s government’s June Resources and Energy Quarterly report. The main…
Extraction and production of mines did not stop even for a single day during the recent imposed war
The Deputy for Mines and Mineral Industries of the Ministry of Industry, Mine, and Trade, referring to the status of extraction, productivity, and production of mineral industries an exclusive interview with the IRNA economic reporter, stated: During the attack by the sinister Zionist regime, none of the units in the mine and mining industries…
Iran moves up to 9th in global ranking of steel producers
According to MNA Iran moved up to 9th from the previous 10th place in the ranking of the world’s largest steel producers, World Steel Association (WSA) announced. According to the statistics, Iran had produced 3.4 million metric tons (mt) of steel in May, up 4.5% as compared to the same period last year. The…
Review of Production Support Package with the Presence of Pezeshkian, Government Officials, and the Private Sector
According to IRNA,The head of the Iran Chamber of Commerce, Industries, Mines and Agriculture stated: the government’s support package for industrial units in order to compensate the shocks caused by the 12-day imposed war was reviewed with the participation of the private sector. Samad Hassanzadeh, referring to the meeting of the board of directors…
IMIDRO’s goal in new investment models is a surge in exploration
Somayeh Kholusi, IMIDRO’s Deputy of Planning and Empowerment, stated: IMIDRO’s goal in presenting new investment models is to create a significant surge in mine exploration. According to public relations of imidro, Kholusi, who was speaking at the specialized panel of the “Conference on Investment Opportunities in Exploration Licenses,” added: Over the past 10 years,…
Iran’s monthly GDP grows 0.9%, driven by non-oil sectors
Iran’s economy grew by 0.9 percent in the first month of the current Iranian calendar year Farvardin (March 21 – April 21), according to a new report from the Iranian Parliament’s Research Center. As reported by Mehr News Agency, the center released its latest estimate of monthly GDP growth in the absence of timely…