News List
Commodities Flying/ China’s Economy on the Path of Change
The global market and the Chinese stock exchange reacted very positively to this news, and all commodities increased sharply. This morning, President Xi held a very important and high-level economic meeting.In this meeting, he stated about China’s weak economic conditions and continued: “China’s economic situation will be corrected and action would be taken in…
Ghaenat steel complex / carring out the first successfully melting operation
With the efforts of experts and specialists of Ghaenat Steel Complex, the first melting operation in this complex was successfully carried out. According to the public relations of the Ghaenat Steel Complex, the melting operation was carried out in the arc furnace of this complex without any presence of foreign experts and relying only…
The 2nd Indust Solar Iran Conference will be held
The second conference of Indust Solar Iran will be held on Tuesday, September 25, 2024 at the Parsian Evin Hotel in Tehran, with the presence of the country’s industries, including oil, gas, petrochemicals, steel, cement and other industries of the country. According to Chilan, the teaser of the Indie Solar Iran Conference was unveiled,…
Value of Iran’s e-commerce trade triples in 2 years
The value of Iran’s e-commerce transactions has tripled over the past two years, according to the head of Iran’s E-Commerce Development Center. Amin Kolahdouzan said the value of e-commerce transactions in the country surpassed 32 trillion rials (about $60 million) in the previous Iranian calendar year which indicates a giant leap in this sector,…
Iran’s steel products exports hit $2.9 bn in H1
Iran’s exports of steel products reached $2.9 billion in the first half of the the current Iranian calendar year (started March 21, 2024), Islamic Republic of Iran Customs Administration (IRICA) reported. Steel products exports from Iran dropped by 14% in value terms in the six months to September 21, the IRICA said on Monday.…
Iron ore price climbs on China stimulus hopes, softer stockpiles
Iron ore price jumps on hopes of additional support from Chinese government Prices of iron ore futures gained ground on Thursday, as prospects of fresh Chinese monetary stimulus and lower inventories overshadowed concerns of the top consumer’s weakening domestic demand. The most-traded January iron ore contract on China’s Dalian Commodity Exchange (DCE) ended daytime…
China reduced steel production by 3.3% y/y in January-August
In August, the country reduced steel production by 10.4% year-on-year In January-August 2024, Chinese steelmakers reduced steel production by 3.3% compared to the same period in 2023, to 691 million tonnes. This is evidenced by data from the China Steel Association (CISA). In August, steel production in the country fell by 6.1% compared to…
global long steel market becoming more and more unstable
As the long steel product segment is suffering from a lack of balance between supply and demand, everyone is fighting for every order. The IREPAS chairman said that the markets are in a bearish mood and are holding back. Meanwhile, the level of competition is very strong, especially due to Chinese offers. He stressed…
The 13th Minex International Conference and Exhibition will be held
The International Conference and Exhibition of Investment Opportunities in Mining &Mineral Industries of Iran from 24 to 27 September would be held at Imam Khomeini Mosalla. In this exhibition, 300 domestic and foreign companies and their representatives would have a bold & active presence. Meeting place: 24 to 27 September 2024 (10:00…
Last month: China’s steel production cuts significantly
According to data from China’s National Bureau of Statistics, the country’s crude steel production reached 77.92 million tons in August 2024, representing a 10.4% decrease from 86.41 million tons in the same period in 2023. In the January-August 2024 period, China’s crude steel production decreased by 3.3% compared to the same period last…
