News List
Iran, Russia ink monetary agreement
Governor of the Central Bank of Iran (CBI) Mohammadreza Farzin said a monetary contract has been signed between Tehran and Moscow for carrying out bilateral trade exchanges. Farzin told reporters on Saturday that he and his Russian counterpart had a meeting in Saint Petersburg last Thursday where they finalized agreements already signed between the…
Turkish imported scrap remains silent on impact of tremor
Turkish imported scrap buyers and steelmakers are on a pause in their trade activities throughout the week. This week’s trade flow was disturbed due to the unwanted disaster occurred in the country earlier this week (6 February 2023). Turkish mills reported some deals late last week, and no scrap trades were reported recently. Even…
A comprehensive database regarding the mineral reserves is necessary
The Director General of the Office of Geosciences Databases of the Geological Survey of Iran stated: “With the aim of integrating information and data related to the field of geosciences in the country, setting up the “Comprehensive Geosciences Database of the Country” in cooperation with the mining departments of the Ministry of industry, mine…
Global Metallurgical Coke Exports Down 5% In 2023
The world’s marine exports of metallurgical coke decreased by 5% last year to 27 million tons. It is worth mentioning that in the first six months of last year, the rate decreased by 12%, but the second half of the year increased. The reason for the decline in the first half of the year…
Trade with 56 Organization of islamic Cooperation members hit $8.6b in Q1
Iran’s trade with member states of the Organization of Islamic Cooperation (OIC) reached $8.6 billion in the first three months of the current calendar year (March 20–June 20), the head of the Islamic Republic of Iran Customs Administration (IRICA) has announced. Mohammad Rezvanifar stated that the trade exchanges between Iran and OIC member states…
The 21st international steel industries,metallurgy,metal mines machinery& related industries and casting opened in Tabriz
According to the Public Relations of the National Iranian Steel Company, Metafo is an important and strategic industrial event that is held annually in the permanent location of Tabriz International Exhibitions. According to the report, this exhibition, as an effective communication bridge that provides a suitable field for industry activists to get familiar with…
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…
