News List
Triple increase of india’s iron ore and pellets exports
Steel Mint data shows that India’s iron ore and pellet exports nearly tripled to 2023.6 million tonnes in April to September 9 from 18.6 million tonnes in the same period last fiscal year. While iron ore exports were 14.7 million tonnes, pellets exports were nearly 4 million tonnes. Of the total 14.7 million tonnes…
Asian iron ore prices stabilize in line with market recession
China’s Golden Holiday, which coincides with the Mid-Autumn Celebration this year, has stagnated business activities. In this regard, iron ore price index of 62 % at $US119.8 a dry tonne of CFR of China is being traded, down 10 cents a tonne from the previous day. Following holidays in markets and ports due to…
East Asia scrap market in silence
The price of imported scrap in East Asia due to the mid-autumn holiday was a quiet week, with the average price in Taiwan at $363 to $373 per ton CFR. Heavy scrap of 20-80 containers dropped by $369 per ton of CFR. The latest bid prices up to $375 per tonne of CFR have…
Iran’s foreign trade hits $54.6 bn in 6 months
The head of the Iranian customs office (IRICA) Mohammad Rezvanifar put the country’s foreign trade value in the first six months of the current Iranian calendar year (March 21 to September 22) at about $54.6 billion. It registered a 4.84 percent growth compared to the same period last year, Rezvanifar stated. According to him,…
Monitoring of provincial steel projects
The third session of monitoring the provincial steel projects was held in the presence of Deputy Minister of Industry, mine &trade and chairman of the board of Imidro in National Iranian Steel Company. According to the Public Relations of National Iranian Steel Company , the meeting was attended by mollarahman member of the board…
Steel prices in India upward
Steel prices in India are registering an upward trend due to “rapidly” increasing rates of key input material coking coal, industry executive Bimlendra Jha said.Coking coal and iron ore are the two main raw materials used to manufacture steel. While iron ore is available in substantial quantity in India, steel players are bound to…
First Gas Unit of Mobarakeh Steel Power Plant Inaugurated with Presence of president Raisi
The first unit of 914 MW Combined Cycle Power Plant of Mobarakeh Steel company was put into operation with presence of the President. The first unit of the 914 MW combined cycle of Mobarakeh Steel Power Plant was put into operation at the same time that Ayatollah Seyed Ebrahim Raisi President and Minister of…
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…
Pioneer projects of Qhorveh and Bijar / Completion of Kurdistan Steel Chain / New Equipment are on the Way
Managing Director of Kurdistan Steel announced: owing to the appropriate season of the year the foundation and concreting operations of the Kurdistan Steel DRI Project have been carried out. According to the public relation of IMIDRO, he continued: at present 1400 cubic meters in the daily reservoir section are being concreted and also about…
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…
