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Growth of iron ore

Iron ore futures rebounded on Wednesday, as better-than-expected industrial profits data in top consumer China buoyed sentiment, although lingering demand concerns amid persistent weakness in the country’s crisis-hit property market curbed gains. The most-traded January iron ore on China’s Dalian Commodity Exchange (DCE) ended daytime trading 0.59% higher at 846.5 yuan ($115.89) a metric…

Iran Rail Expo 2023 opens in Tehran

The 10th International Exhibition of Iran Rail Expo, has kicked off in tehran. Mehrdad Bazrpash attended the opening ceremony of Iran Rail Expo on Tuesday. Over 100 domestic and foreign manufacturing, knowledge-based, and transportation companies are present in the four-day Iranian exhibition. From 100 participating companies, 12 are from China and Russia. The Iran…

2/2% increase in world steel production

According to the World Steel Association, according to the reports of 63 countries a 2.2 percent growth of 152.6 million tonnes last month is seen, but in fact it was a 3.72 percent drop from July. In the meantime, China’s output rose 3.2 percent in August, with 86.4 million tonnes. India’s production grew 17.4…

Iran 10th largest steel producer in the world

Iran produced 19.7 million metric tons (mt) of crude steel in the first eight months of 2023, retaining its position as the tenth largest steel producer in the world, according to new data. Figures released by the World Steel Association on Monday showed that from January to the end of August 2023, global crude…

Localization program of $750 million in mine and mining industries leading by IMIDRO

The foreign exchange saving of Mining companies & Mining Industries’ Localization Program is expected to reach about $750 million this year. In this planning, mining companies and mining industries will participate in steel, copper, aluminum and coal chain and special economic zones. Last year’s localization target was more than $500 million. Earlier, in line…

Positive outlook for global metals market

A survey by the research institutes indicates that the commodity market will continue to rise in the last five months of 2023. According to the analysis of the Chinese economy and the fluctuations in the U.S. dollar, the average price of some metals and minerals such as steel and gold is expected to increase…

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