News List
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…
Iron ore jumps to over one-week high on China’s property stimulus efforts
Iron ore futures extended gains on Friday to their highest in more than one week andwere on track for a weekly gain, supported by resilient consumption and a brighter demand outlook in top consumer China thanks to its latest property stimulus efforts. The most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE)…
Foreign trade on upward trend during President Raisi’s term: IRICA
Iran’s foreign trade registered a considerable jump during the late President Ebrahim Raisi’s administration (32 months in service) and reached more than $301 billion, the Islamic Republic of Iran Customs Administration (IRICA) said. About 347 million tons of goods, valued at over $137.8 billion, were exported from the country between August 2021 and April…
Presence of National Iranian Steel Company among the mass of mourners in Tehran
Following the tragic martyrdom of the popular president and his accompanying delegation, in order to serve the honorable mourners, they were received hospitably.
World Bank evaluation of Raisi administration proves its economic success
The World Bank, in its latest report on the economic situation in Iran, has examined the performance of the administration of late President Ebrahim Raisi, indicating its successful track record in the economic sphere. The WB report shows that the Islamic country’s economy experienced sustained growth over the past four years, despite the continuation…
