Trade

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Increasing indications that the UK may not agree a new trade deal with the EU before the Brexit transition period expires at the end of this year could open the door for an influx of cheap aluminium imports to the UK from China, which would cause the EU to contemplate imposing tariffs on UK aluminium products.
News ID: 8512    Publish Date : 2020/02/27

Businessmen from Tehran Chamber of Commerce, Industries, Mines and Agriculture held several meetings with officials and traders of Pakistani port city of Karachi where the two sides urged their respective governments to ease banking relations to enhance bilateral trade.
News ID: 8491    Publish Date : 2020/02/26

Aforum to survey trade opportunities with China is scheduled to be held at Iran Chamber of Commerce, Industries, Mines and Agriculture in Tehran on Jan. 27.
News ID: 8339    Publish Date : 2020/01/24

Aluworks Limited, an aluminium continuous casting and cold rolling mill located at Ghana, has reportedly urged the government to stop aluminium imports of inferior country, in a bid to protect the local aluminium industry.
News ID: 8281    Publish Date : 2020/01/11

Chinese government officials will visit Washington next week to sign a "phase one" trade deal with the US, China's commerce ministry said today.
News ID: 8259    Publish Date : 2020/01/09

A one-day strike by trade unions in India today has hit output at state-controlled producer Coal India (CIL), potentially curbing the company's broader production plans. But the extent of the impact on production is unclear.
News ID: 8249    Publish Date : 2020/01/08

The international trade show in Nuremberg focuses on optimized processing of high-pressure die-cast parts with the Friction Stir Welding technology.
News ID: 8238    Publish Date : 2020/01/07

The price outlook for 2020 in Asia's benchmark containerised ferrous scrap market Taiwan is notably less optimistic than in global bulk market leader Turkey, reflecting the extent to which Asian and Atlantic scrap trends are increasingly diverging.
News ID: 8218    Publish Date : 2020/01/06

Local scrap market in Bangladesh witnessed an uptick in sales, with most ship recyclers in Chittagong collectively hiking offers today. Ship yard’s melting scrap was sold at BDT 31,500/MT (USD 371) ex Chittagong and Ship plates (re-rollable) of 12-16 mm were sold at BDT 38,000-40,000/MT (USD 445-471) ex Chittagong. Prices have moved up by USD 15-20/MT W-o-W. New vessels being procured at higher prices as well as high imported scrap prices are likely to keep local scrap prices supported in the near future.
News ID: 8209    Publish Date : 2020/01/02

Rising US ethanol production coupled with limited domestic demand growth and new export barriers could threaten the industry's recovery in 2020.
News ID: 8205    Publish Date : 2020/01/03

Iran’s trade with Turkey totaled $5.28 billion from January to November 2019 to register a decrease of 39.68% compared with the corresponding 11-month period of 2018, data released by Turkish Statistical Institute show.
News ID: 8194    Publish Date : 2020/01/01

Imported scrap trades to Pakistan remained slow for another week with buyers staying away from actively procuring on sufficient bookings for Jan’20 shipments. Offers to Pakistan remained mostly stable in comparison to last week, with only few suppliers offering presently as most European yards remain closed for winter vacation.
News ID: 8186    Publish Date : 2019/12/31

Towards the year closing, the Indian domestic pellet market has witnessed deals getting concluded at increased offers. Southern India (Bellary) based pellet makers have increased pellet offers by INR 700-800/MT W-o-W. SteelMint’s current assessment for pellets (Fe 63%) stand at INR 7,000-7,300/MT (Ex-Bellary) against last week's assessment at INR 6,450/MT. Bellary pellet prices are hovering at 6-months high as these levels were last seen in Jun'19.
News ID: 8185    Publish Date : 2019/12/31

Iranian factories and manufacturers which were reliant on parts and intermediary products for their production are now either producing their needs themselves or buying them from their compatriot partners, Deputy Head of Iran Trade Development Organization Farhad Nouri said, adding that this the plus point of US’ unilateral sanctions.
News ID: 8182    Publish Date : 2020/01/01

US asphalt markets are on course to strengthen in January, defying expectations of a substantial price slump amid the global transition to lower-sulphur marine fuels in 2020.
News ID: 8177    Publish Date : 2019/12/31

US copper scrap spreads are expected to remain under pressure into 2020 amid continued lower demand from China because of restricted import licenses and quality inspections keeping US supply elevated.
News ID: 8174    Publish Date : 2019/12/31

Semnan’s mines extract 10 million tons of gypsum every year, says the head of Industries, Mining and Trade Organization of the province.
News ID: 8169    Publish Date : 2019/12/30

Oil prices held on to three-month high on Monday, underpinned by optimism over an expected China-US trade deal and upbeat industrial data, while traders kept a close watch on the Middle East following a US air strike.
News ID: 8168    Publish Date : 2019/12/30

This week domestic HR plate prices witnessed uptrend by around INR 500-1000/MT W-o-W in traders market in anticipation of price hike by Indian mills in the month of Jan’20.
News ID: 8146    Publish Date : 2019/12/26

Imported scrap trades to Bangladesh remained very slow this week as most suppliers didn’t have sufficient material to offer, with many yards being closed for winter vacations. Inquiries from buyers also remained limited on account of low slow steel market and sufficient inventories. Some industry participants expect the demand to improve by Jan next year with many mills requiring restocking.
News ID: 8144    Publish Date : 2019/12/26

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