News List
Chinese government, looking forward to increase monitoring iron ore market
The Chinese government stated: it will increase monitoring of the iron ore market, and in order to keep discipline, will eliminate the violations of regulations and will continue to strengthen monitoring of futures and cash markets. China’s National Development and Reform Commission said the country will continue to pay attention to the dynamics of…
36% up y/y in March-June, Iran’s steel exports
Iran’s exports of steel rose significantly in the four months to late July this year with China being responsible for more than a third of purchases, according to figures by state-run metals and mining company IMIDRO. IMIDRO figures published on Saturday showed that Iran had exported some $2.693 billion worth of steel in the…
87% of the country’s steel production: used domestically
Due to published statistics, from the total 47,559,000 tons of steel production , 41.5 million tons equivalent to 87 percent of the country’s total steel production is being used on domestic consumption. From the beginning of this year to the end of August, more than 47 million tons (47 million and 559 thousand tons)…
A macro view to the steel industry is a necessity
Managing director of Shadegan Steel Company in an interview with Chilan regarding the increase in gas prices of steel industries stated: With recent decisions about increasing gas rates and establishing export taxes for the steel chain, it is necessary that the country’s major decision-makers to have a comprehensive look at all the issues of…
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…
