News List
Monthly iron ore production rises 38% yr/yr
Iron ore production by Iran’s major mining companies increased by 38 percent in the first month of the current Iranian calendar year (March 19-April 19) compared to the same month in the previous year. Based on the data released by the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO), the country’s 14…
Steel Wire Rod Prices Escalate in Germany Amidst Falling China and Stable USA
By the conclusion of the week ending on May 10th in the USA, Steel Wire Rod prices remained stable, with no significant fluctuations observed. Meanwhile, in the German domestic market, Steel Wire Rod prices rose, accompanied by a notable increase in shipping expenses from China/East Asia to Northern Europe. However, concerns emerged over the…
BHP shares hit 3-month high as deadline for formal Anglo bid looms
Shares of BHP Group touched a three-month high on Tuesday about 36 hours ahead of a deadline to lodge a formal bid for rival miner Anglo American, which last week rejected a sweetened $43 billion takeover proposal. The world’s largest listed miner’s shares are benefiting from good news including fresh stimulus for China’s property…
Domestic production of mining equipment saves Iran $838m in a year
Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) and its subsidiaries have managed to indigenize the knowledge for the production of $838 million worth of mining equipment and machinery in the previous Iranian calendar year (ended on March 19). According to Hassan Younesian, who is an advisor to the IMIDRO head, the…
Improving the activity of Turkish billet market
Turkish billet market activity has recently improved from prolonged recession . Trades were at $569 to $570 a tonne at the factory door, and some of the The deal was reported at $550 to $565. In the import market, also recently the suppliers of Russian billet and CI S have offered at $520…
China’s sheet price export growth
Last week, China’s hot sheet exports in Southeast Asia as expected Rebounded due to the fact that futures markets rallied and promising news of support economy packages in China. China’s hot sheet export to Vietnam is up $10 at 538. $560 a tonne CFR.
Iron ore futures close higher
Iron ore futures closed higher in trading at the Dalian Commodity Exchange (DCE). The most active iron ore contract for September 2024 delivery gained 15 yuan (about 2.11 U.S. dollars) to close at 908 yuan per tonne. The total trading volume of 12 listed iron ore futures contracts on the exchange was 453,749 lots,…
America’s new confrontation with the import of vital minerals from China
USA, slapped major new tariffs on Chinese electric vehicles, advanced batteries, solar cells, steel, aluminum and medical equipment on Tuesday, taking potshots at Donald Trump along the way as he embraced a strategy that’s increasing friction between the world’s two largest economies. The Democratic president said that Chinese government subsidies ensure the nation’s companies…
Agreement between the Ministries of Power and Industry, Mine &Trade for the Sustainable Power Supply of Industries in the Summer of 1403( Iranian calendar)
In a joint meeting attended by senior managers of the Ministries of Energy and Industry, Mine &trade in Tavanir Company, the two Ministries agreed on sustainable power supply of industries in cooperation with other subscribers during the four hot months of this year. The meeting was held with the presence of Homayoon Hayeri, Deputy…
Iran’s Steel Ingot and Steel Products’ Apparent Consumption Increased
Iran’s Steel ingot and Steel products’ apparent consumption during the last Iranian calendar year (ended March19,2024) registered 5.2 percent and 1.2 percent growth respectively y/y. Iran’s Steel Ingot and Steel Products’ Apparent Consumption Increased According to the report of public relations of IMIDRO quoted by Iran Steel Producers Association, country’s Steel ingot apparent consumption…
