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localization of parts, equipment and production lines of the steel industry projects is being supported by NISCO

Operation deputy of National Iranian Steel Company, on the eve of the fifth “National Iranian Steel Exhibition”, stated: “along with our missions, NISCO supports the localization of parts, equipment and production lines of the steel industry. According to the Public Relations of National Iranian Steel Company، Ahmadi while announcing the above subject added: By…

Iran’s biggest seamless steel pipe factory opened in Abhar

Iran’s biggest seamless steel pipe factory has been inaugurated in Abhar County, Zanjan province, northern Iran, in the presence of Minister of Industry, Mine, and Trade Abbas Aliabadi. The factory is located in a 20-hectare area in Hidaj in the Central District of Abhar County. According to a provincial official, the factory is currently…

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…

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