News List
Turkey’s scrap market in relative stability
In the Turkish scrap import market, buyers are trying to hold the prices lower, but sellers are also resisting. While the previous round of purchases in December supported a growth in scrap prices, the market is waiting for more buyers to enter the market for February shipments. The latest deal for Venezuela’s 20-80 heavy…
Iron ore climbs to multi – month high
Iron ore futures climbed to multi-month highs on Tuesday, with sentiment boosted by upbeat economic data in top consumer China and mounting expectations of a flurry of pre-holiday replenishment from steelmakers in the coming weeks. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) DCIOcv1 ended daytime trading 2.93% higher at…
The silver plaque of 24th National Conference on Green Industrial, Mineral and Service Units Reached Ghadir Neyriz Steel Complex
According to Public Relations of Ghadir Neyriz Steel Complex, in the 24th National Conference on Appreciation of Industrial, Mineral and Green Services Units held at the International Conference Center of Environmental Martyrs, Ghadir Neyriz Steel Complex succeeded in obtaining Green Industry Certificate from the Department of Environment and the silver plaque of this conference…
Iran to export industrial products to EAEU markets
The deputy head of the Trade Promotion Organization of Iran (TPOI) said the country will import agricultural inputs, raw materials and basic goods and export industrial and production goods to the Eurasian market. Mohammad Sadeq Qannadzadeh pointed to the recently inked Free Trade Agreement (FTA) between Iran and the Eurasian Economic Union and said…
Iran officially becomes BRICS member in 2024
The BRICS group of emerging economies has welcomed 2024 by officially adding five developing nations. Specifically, the bloc introduced Saudi Arabia, the United Arab Emirates (UAE), Iran, Egypt, and Ethiopia to kick off the new year. These countries are set to officially join after receiving an initial invitation at the bloc’s 2023 annual summit,…
Gold closes out 2023 above $2063, technicals point to price gains in January
Kitco NEWS has a diverse team of journalists reporting on the economy, stock markets, commodities, cryptocurrencies, mining and metals with accuracy and objectivity. Our goal is to help people make informed market decisions through in-depth reporting, daily market roundups, interviews with prominent industry figures, comprehensive coverage (often exclusive) of important industry events and analyses…
China launches test runs for world’s largest plant that can convert coal to ethanol
Traditional ethanol production from corn or sugar cane competes with food supply, with China’s rising grain prices also posing a challenge The world’s largest coal-based ethanol production plant has started test runs in southeastern China, state media reported. The plant, which has an annual capacity of 600,000 tonnes, uses coal rather than crops as…
Recovery of Japanese billet exports
Japan billet exports grew 15 percent monthly in November to about 240,121 tons. South Korea was Japan’s largest importer of steel billets, with 2,57 tons of purchases, followed by Taiwan. It is worth mentionening that Japan’s billet exports were in relative stability between January and November, recording 2.57 million tonnes compared to 2.58 million…
Growth of Australia Iron Ore Exports
Australia’s iron ore and pelletizing exports with 2% monthly growth reached to 2.72 million tonnes in November 2023. However, in January to November the exports records shows 1% decline ( 776 million tonnes ) from the same period last year. Completing the warehouses before winter and maintaining profit margins, supported Australian iron ore…
India’s steel mills look at larger play in export markets
Indian steel mills which kept losing out on key export markets, apart from the European Union (EU) nations, are looking to resume supplies to the Middle East late-January onwards. Between April and November, finished steel exports to the key markets of Middle East continued to exhibit slowdown signs, with mills here losing out to…
