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Trade between Iran and EU member states during January-March 2020 stood at €1.16 billion to register a 0.22% decline compared with last year’s corresponding period, latest data provided by the European Statistical Office show.
News ID: 9547    Publish Date : 2020/05/19

Iran’s deputy foreign minister for economic diplomacy expressed dissatisfaction with the volume of transactions that Tehran has been able to carry via a financial mechanism the EU has devised for trade with the Islamic Republic, known as INSTEX.
News ID: 9508    Publish Date : 2020/05/15

The EU and eurozone economies will contract at record rates this year, according to the latest projection from the European Commission.
News ID: 9352    Publish Date : 2020/05/06

Turkish low-carbon ferro-chrome producer Eti Elektrometalurji has reduced its output in response to low demand caused by the Covid-19 pandemic.
News ID: 9346    Publish Date : 2020/05/06

China's construction and manufacturing sectors have recovered fast enough from the impact of the Covid-19 outbreak to work down its record steel inventories to more typical levels, providing one of the few supports to global steel markets.
News ID: 9275    Publish Date : 2020/04/30

The Governor of the Central Bank of Iran called on the International Monetary Fund to make use of the EU -Iran trading mechanism ‘INSTEX’ or the Swiss humanitarian channel for Iran ‘SHTA’ to make a $5 billion loan that Tehran has applied for to deal with the coronavirus outbreak
News ID: 9208    Publish Date : 2020/04/20

The European Commission said today that lifting containment measures imposed to tackle the Covid-19 pandemic should be done in a gradual, co-ordinated manner and only when a number of criteria have been met.
News ID: 9153    Publish Date : 2020/04/15

The Bosnian official authorities stated that a company from the town of Zvornik held talks with Iranian officials for selling aluminium oxide. This could have been used in Tehran’s nuclear programme.
News ID: 8749    Publish Date : 2020/03/17

A growing number of sellers are reluctant to offer material in the European spot market, fearing buyers could struggle with financial liquidity and breach payment terms.
News ID: 8745    Publish Date : 2020/03/17

Steelmakers association UK Steel suggests the government should move towards a "Buy America" model for material procurement, prioritising domestic steel to "boost the social and economic benefits" of the projects.
News ID: 8696    Publish Date : 2020/03/12

European buyers are asking Italian hot-rolled coil (HRC) suppliers to ship material earlier than originally contracted, as they are concerned that production and logistics could come to a stop given the country's increasingly strict coronavirus quarantine measures.
News ID: 8679    Publish Date : 2020/03/11

Sentiment in the European hot-rolled coil (HRC) market is darkening somewhat, with a confluence of bearish factors strengthening the belief that price increases solely based on lower production will not be sustainable.
News ID: 8653    Publish Date : 2020/03/09

A central European steelmaker is planning to increase its offers by €5-10/t for April production, up from current sales into Germany of around €485/t on a delivered basis, citing tight supply and a lack of imports.
News ID: 8554    Publish Date : 2020/03/03

An EU initiative to overhaul chemical safety regulations could crush the supply chain for critical material antimony metal inside Europe, leaving consumers with few options and no spot market.
News ID: 8519    Publish Date : 2020/02/28

Iranian Foreign Ministry Spokesman Seyed Abbas Mousavi said a forthcoming session of the JCPOA Joint Commission in Austria will have nothing to do with the nuclear deal’s dispute resolution mechanism.
News ID: 8493    Publish Date : 2020/02/25

The EU ’s top diplomat Josep Borrell extended the time available to discuss ways to save the 2015 nuclear deal between Tehran and world powers under a dispute mechanism triggered by France, Germany, and Britain.
News ID: 8340    Publish Date : 2020/01/25

Italian hot-rolled coil (HRC) buyers exposed to Ilva are paying higher prices than some others, given uncertainty about the future of the plant.
News ID: 8330    Publish Date : 2020/01/24

Indian steelmaker Essar Steel will no longer offer its products to European markets, sources close to the matter said.
News ID: 8314    Publish Date : 2020/01/23

For European businesses, it is a period of high uncertainty in Iran. No one can envy the challenges of decision-making facing their CEOs.
News ID: 8279    Publish Date : 2020/01/10

There is a a growing expectation that northwest European coil mills will announce increases this month if import offers remain at their current high levels.
News ID: 8245    Publish Date : 2020/01/08

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