News List
Stability of the Middle East Black Sheet Market: Prices Unchanged, Low deals
The black sheet market in the Middle East continues to its stabilization. The latest price of hot sheet imported from China was registered in the range of $535 to $540 per tonne of the UAE CFR, but despite these prices, purchase orders have been insignificant, and no deal has been finalized so far. …
The gradual growth of chiana,s ironore market
With a slight improvement in the market fundamentals, the price of iron ore imported to China experienced a slight increase for the fifth consecutive day, and in the meantime, market participants are also watching the trend of Chinese macroeconomic news with caution. The latest price index of 62% purity iron ore…
Hungary: largest steel producer gets Chinese support for green upgrade
China’s CISDI Engineering has signed a memorandum of understanding with China Export and Credit Insurance Corporation (Sinosure) on underwriting 1.3 billion euros in financing for two 150-ton capacity electric arc furnaces it is supplying to Indian-owned Liberty Dunaujvaros, Liberty Steel Group reports. CISDI representatives announced the MoU during a visit to Liberty Dunaujvaros’s steelworks…
New Iranian President Invited to BRICS Summit in Russia
New Iranian President Invited to BRICS Summit in RussiaThe Kremlin confirmed that incoming Iranian President Masoud Pezeshkian has been invited to attend a summit of BRICS in Kazan, Russia, slated for October. TEHRAN (Iran News)Pezeshkian has already had an invitation from Moscow to the BRICS summit in Kazan, Russian Presidential Press Secretary Dmitry Peskov…
Global coking coal prices fell significantly in July
Indian consumers will return to the market at the end of August, stocks of raw materials in Chinese ports are sufficient According to S&P Global, Australian coking coal prices (FOB Australia) decreased by 11.7% – to $216.5/t in July 2024. Prices for coking coal in China (CFR China) fell by 4.5% last month –…
ICCIMA hosts conference on innovative ways to develop Iran’s economy
Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) hosted a conference on new economic innovations in Iran’s economic sector on Wednesday, the ICCIMA portal reported. The conference dubbed “Innovation Ecosystem; The Realities of Iran’s Economy” was attended by experts, scholars, and business operators active in the field of information technology. At this conference,…
The 16th Iran International Financial Industries (Exchange, Bank & Insurance) Exhibition entitled “IRAN FINEX 2024” will be held at Tehran Permanent International Fairgrounds on August 9-12, 2024
The exhibition will be attended by Iran’s minister of economic affairs and finance (MEAF), vice-presidency for the science, technology and knowledge-based economy, chairman of parliament economic commission and foreign guests. The Iran FINEX Exhibition has been turned into one of the most important and most visited economic events in the Middle East region in…
Iron ore price rises to more than 1-week high on upbeat demand outlook
Iron ore futures prices rose to a more than one-week high on Thursday, buoyed by top producer Rio Tinto’s optimistic demand outlook for top consumer China and continued hopes of more stimulus from the world’s second-largest economy. The most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE) ended daytime trade 2.35% higher…
China’s Energy Revolution: Wind and Solar Surpass Coal in Historic Milestone
China is undergoing a transformative shift in its energy landscape. For the first time ever, wind and solar energy have as of June this year collectively eclipsed coal in capacity, according to the latest data from the country’s National Energy Administration (NEA). Rystad Energy’s analysis forecasts that by 2026, solar power alone will surpass…
Germany reduced scrap exports by 7% y/y in January-May
In January-May 2024, German scrap companies reduced exports of ferrous scrap by 7% compared to the same period in 2023, to 3.1 million tons. The main decline occurred in the first quarter, Kallanish reports, citing data from the Federal Statistical Office. Revenues from exports of raw materials for 5 months amounted to €925 million,…
