News List
17.6% growth in Production of iron ore concentrate of Iran
The production of iron ore concentrate in Iran increased by 17.6 percent in the first two months of the current Iranian calendar year (March 20 -May 20), as compared to the same period in the past year, according to the data released by the Iranian Steel Producers Association (ISPA). As ISPA reported, 13.798 tons…
Iron ore at 2-1/2-month low as tepid steel demand, firmer dollar weigh
Prices of iron ore futures extended losses on Monday to their lowest levels in more than two months, pulled down by signs of dull steel consumption in top consumer China and a stronger U.S. dollar. The most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE) closed daytime trade3.11% lower at 795.5 yuan…
Over 200 million metric tons of rare metals found near remote Tokyo island
More than 200 million metric tons of manganese nodules rich in rare metals exist on the seabed near Minamitorishima, a remote Tokyo island, the Nippon Foundation and the University of Tokyo said . The nonprofit organization and the national university discovered a huge amount of the sea-bottom mineral concentrations that abundantly contain rare metals…
Non-oil exports have increased by 40% in the past three years
Iran’s customs announced a 40% increase in the country’s non-oil exports in 1402 (Iranian calendar ) compared to 1399 and announced: Iran’s non-oil trade has increased by 57% from $74 billion in 1399 to $116 billion last year. Trade without oil also increased in weight from 147 million tonnes in 1399 to 167 million…
Iran Becomes the Ninth-Largest Steel Producer in the World
According to the latest statistics of the World Steel Association, in the first five months of 2024, the rank of Iran’s middle steel production in the world increased from 10 to 9, and Iran replaced Brazil in the field of production. The World Steel Association published the latest statistics on global steel production.…
Iron ore heads for 4th weekly fall on talk of China steel curbs
Iron ore futures prices slipped on Friday and were on track for a fourth straight weekly loss, amid talk in the market of a cap on crude steel output in top consumer China. The most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE) DCIOcv1 ended daytime trade down 1.7% at 811.5 yuan…
116 idle, semi-active production units revived since late March
The Head of Iran Small Industries and Industrial Parks Organization (ISIPO) Farshad Moghimi said that 116 idle and semi-active production units have been revived in the country since the beginning of the current Iranian calendar year (March 21). The official also announced that 10,000 economic units were revived during the late President Raisi’s administration…
Italy moves to boost procurement, reuse of critical raw materials
Italy is set to adopt a package of measures aimed at boosting procurement and reuse of critical raw materials, a draft decree seen by Reuters shows, including simpler permitting procedures for the release of mining concessions. Prime Minister Giorgia Meloni’s government has made it a priority to extract more such materials at home to…
Increasing U.S. scrap exports
In April this year, U.S. iron ore exports increased from 1.02 million tons in March to 1.08 million tons thanks to Turkey’s purchases. However, compared to the same period last year, it decreased by 110,000 tons. U.S. scrap exports to Turkey grew by 80 percent month-on-month in April, to 465,000 tons, while sales to…
Russia sends coal to India via Iran by train for first time
Russia has for the first time sent two trains laden with coal to India via the International North-South Transport Corridor (INSTC), which connects Russia to India via Iran, according to a statement by Russia’s national railway company. According to RT, a multimodal route that includes a railway, roadway network and seaports, the INSTC spans…
