Trade

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The Iranian Mines and Mining Industries Development and Renovation Organization is pursuing plans to expand mineral explorations to cover 300,000 square kilometers by the end of the second term of President Hassan Rouhani (August 2021), says deputy minister of industries, mining and trade.
News ID: 5416    Publish Date : 2019/07/23

During weekdays ending up to July 18, while 589,761 million tons (MT) of commodities worth over $642 million were traded at Iran Mercantile Exchange (IME), the trading volume and value experienced a growth of 46 percent and 37 percent, respectively.
News ID: 5396    Publish Date : 2019/07/22

Chinese companies are looking to buy agricultural products from the US, potentially giving a boost to stalled trade talks between the two countries.
News ID: 5383    Publish Date : 2019/07/22

Road and Urban Development Minister Mohammad Eslami underlined said Iran has developed its radar technology to an extent that it is turning into an exporter of such systems.
News ID: 5360    Publish Date : 2019/07/21

Iran traded 76,689 tons of non-oil goods worth $33.23 million with Austria during the first Iranian month (March 21-April 20) to register a 381.28% and 124.12% growth in tonnage and value respectively compared with last year’s corresponding period, latest data released by the Islamic Republic of Iran Customs Administration show.
News ID: 5358    Publish Date : 2019/07/21

SteelMint learned from industry participants that Indian market has remained less viable for scrap imports for yet another week. Offer levels remained rangebound in very limited trades reported so far.
News ID: 5355    Publish Date : 2019/07/20

This week CIS billet export market remained slow witnessing less deals amid disparity between bids & offers. According to market sources report to SteelMint, current offers to SE Asia are at USD 455-460/MT CFR however buying interest is seen at USD 445-450/MT, CFR SE Asia levels. Prices have softened by USD 5-10/MT against last week.
News ID: 5352    Publish Date : 2019/07/20

After hitting six-year highs overnight, gold fell back in busy Friday morning dealings as investors indulged in profit-taking ahead of the weekend.
News ID: 5345    Publish Date : 2019/07/20

SteelMint in conversation with trade participants learned that domestic HRC prices continued to slump further over gloomy demand and limited trades happening in domestic market. Domestic HRC prices are hovering at around 1.5 years low.
News ID: 5302    Publish Date : 2019/07/19

Shares in Fresnillo (LON:FRS), the world’s largest silver miner, dropped by almost 5% to the bottom of the FTSE 100 after it cut its annual production targets, citing lower-than-expected ore grades and construction delays at its gold mines in Mexico.
News ID: 5289    Publish Date : 2019/07/18

Head of Iran-Armenia Joint Chamber of Commerce Hervic Yarijanyan said that Yerevan is working on plans to establish new trade relations with Tehran based on national currencies.
News ID: 5277    Publish Date : 2019/07/18

Durgapur (eastern India) based pellet makers have raised offers following hike in sponge prices. SteelMint’s reference pellet price assessment stands at INR 6,500/MT (delivered) up by INR 200-300/MT against INR 6,200-6,300/MT in last week.
News ID: 5250    Publish Date : 2019/07/17

With the commencement of this week, imported HRC offers to Vietnam registered decline by USD 5-10/MT W-o-W on the back of softening prices in Chinese steel market owing to sparse trading and ‘wait & watch’ approach adopted by Vietnam based end users.
News ID: 5243    Publish Date : 2019/07/17

A total of 30,000t of third-quarter 2019 ICI 4 derivatives contracts traded today but trading activity was scarce in the physical market, with bids and offers softening.
News ID: 5194    Publish Date : 2019/07/15

Trade and transport ties between Oman and Iran were discussed during two separate high-level meetings in Muscat on Wednesday.
News ID: 5168    Publish Date : 2019/07/14

The Customs Department in Iran’s Southeastern port city of Chabahar announced that the office has witnessed a 38% rise in its collections in the first 3 months of the current local calendar year (March 21- June 21), compared with the corresponding period in 2018.
News ID: 5162    Publish Date : 2019/07/14

SteelMint learned from industry participants that Turkish imported scrap prices have moved down, as steelmakers took a short pause amid weak sales of rebar and billet in both domestic and export markets in Turkey.
News ID: 5144    Publish Date : 2019/07/13

When the nuclear deal, also known as the JCPOA, was signed between Iran and the world powers in 2015, supporters of the deal were hoping that it would allow Tehran to attract greater foreign investment and increase trade to boost its economy.
News ID: 5140    Publish Date : 2019/07/12

Iran traded 21,156 tons of non-oil commodities worth $83.93 million with Italy during the first Iranian month (March 21-April 20), registering a 1.14% and 13.11% growth in tonnage and value respectively compared with the year before, latest data released by the Islamic Republic of Iran Customs Administration show.
News ID: 5095    Publish Date : 2019/07/09

CMA CGM, the world’s fourth biggest shipping company, said it has sufficient security measures in place to continue operating in the Persian Gulf region.
News ID: 5093    Publish Date : 2019/07/09

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