News List
Iran’s ‘ PERED ‘ Arrives in Latin America
Construction of 2nd Extraterritorial Iranian DRI Plant with Iranian technology ‘ PERED ‘ The second extraterritorial Iranian DRI Plant will be constructed. According to the report of public relations of IMIDRO, MOU on construction of DRI plant with ‘ PERED ‘ Iranian technology and steel plant with investment of Chinese company in Peru was…
There is no prohibition on supporting innovative and technological projects in the mining sector
While emphasizing that the bans in the development of innovation should be turned into promoting factors, chairman of the board of IMIDRO stated, “There is no ban on supporting innovative and technological projects of the mining sector.” According to IMIDRO Public Relations, Mohammad Reza Movasaghinia in a meeting with the executer, managers and the…
Increase of natural gas imports from central asia by china
Official customs data shows that China imported 13.4 billion cubic meters of natural gas (bcm) during the month of June, a 19 percent increase over the import level during the same month in 2022. Global imports arrived in China via pipelines and in liquefied form. Overall, 5.785 bcm of gas was imported via pipelines…
Revising Gas Rates for Steel and Petrochemicals by the government
The Minister of Economy announcement: government’s revision to increase gas rates of steel and petrochemical companies. Ehsan Khandouzi, stated :”The government revised the previous decision on the petrochemical feed rate formula, so a new legislation is being drafted in which the feed rate is based on the formula of 2015 with the price of…
Monthly commodities trade in iran mercantile exchange almost 3.2b$
During the last month (ended on August 22) Iran Mercantile Exchange witnessed trade of 13,452,706 tons of commodities with a total trading value of almost $3.2 billion on its physical market, logging growths of 11.5 percent in value and 21 percent in volume of trades compared with the month before that. As reported by…
19$ growth in aluminium price
The price of aluminum on the London Metal Exchange rose to $2,184 on Friday, 0.9% up from the previous trading day. The price of aluminum on the London Metal Exchange, yesterday Friday, compared to the last transactions (Thursday) reached a $19 increase by $2,165 per ton to $2,184 per ton. Aluminium stocks in London…
Japan’s Scrap Market in Silence
The value of yen drop in camparison to the dollar and a decline in export offers increased Japan’s latest heavy class 2 export scrap price. Japan’s scrap traders were more active in the domestic market, and export supplies fell. The last price traded was at $348, up $3 daily. In Vietnam, Japan’s scrap was…
Copper price rises as China factory activity expands
The copper price rose on Friday after Beijing delivered a boost for China’s property sector, while a private survey pointed to a pick-up in the country’s manufacturing sector. China allowed its largest cities to cut down payments for homebuyers and encouraged lenders to lower rates on existing mortgages, the latest move to ease pressure…
Iron ore price rises
Iron ore prices rose as investors were buoyed by prospects of fresh measures from China to prop up its struggling property sector. According to Fastmarkets, benchmark 62% Fe fines imported into Northern China rose 1.73% on Wednesday, to $116.25 per tonne. The most-traded January iron ore on China’s Dalian Commodity Exchange ended daytime trading…
Increase of electricity production by nearly three times within a year
IMIDRO is planning to increase its production of electricity by nearly three times within a year as part of a government program to diversify electricity supply in the country. Chairman of the board of IMIDRO stated : electricity output would reach 2 gigawatts (GW) in mid-summer next year for the industries. Mohammad Reza Movassaghi…
