Trade

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Iranian Minister of Industry, Mine and Trade Reza Rahmani and Belarusian Minister of Agriculture and Food Anatoly Khotko, in a meeting in China, voiced their respective countries' resolution to increase economic and commercial relations between the two sides.
News ID: 7244    Publish Date : 2019/11/05

On the anniversary marking the US economic sanctions on November 4, 2018, governor of the Central Bank of Iran said the hostile restrictions and “maximum pressure” of the United States government failed to produce what the Trump White House desired, expected and worked for tirelessly.
News ID: 7238    Publish Date : 2019/11/04

Despite difficult signs, experts from several countries met for the second edition of Foundry on Wheels in Agueda / Portugal, very close to the state-of-the-art Sakthi foundry SP 21 to exchange views and meet the challenges.
News ID: 7232    Publish Date : 2019/11/05

Malaysian Prime Minister Mahathir Mohamad says Malaysia cannot trade with Iran, one of its big trading partners, due to sanctions.
News ID: 7128    Publish Date : 2019/11/03

Opec and its non-Opec allies are discussing the possibility of deepening their production cuts when they next meet in Vienna early next month, according to Iran's oil minister Bijan Namdar Zanganeh.
News ID: 7119    Publish Date : 2019/11/04

West India (Rajasthan) based pellet maker - Jindal SAW decreased pellet (Fe 63%) offers by INR 150/MT for the week. Current offers are at INR 7,900/MT (delivered Kandla) as against 8,050/MT (delivered Kandla) assessed last week. The pellet maker has booked an export shipment for Nov shipment and thereafter is also likely to take maintenance shutdown for a month's time. Jindal SAW runs a 1.5 MnT pellet plant in Bhilwara (Rajasthan).
News ID: 7113    Publish Date : 2019/10/29

SteelMint learnt in recent conversations with market participants that the imported scrap offers to Pakistan have rallied up further this week after the global market continued to strengthen last week. Trade s are yet to pick up after the recent uptrend, with buying activities remaining slow for the 3rd week in a row. Continued slow down in domestic steel market and ongoing 2-day strike has also kept most steel mills away from active procurement.
News ID: 7112    Publish Date : 2019/10/29

With hike in Turkey imported scrap prices, prices in South Asian markets also moved up sharply. However, trades remained slow on high offers. Imported scrap market remained slow in India mid ongoing Diwali festive season. Hyundai Steel resumed bidding for Japanese scrap this week after a couple of weeks, at similar price levels.
News ID: 7108    Publish Date : 2019/10/26

Oil slipped toward $61 a barrel on Monday, falling for a second day, pressured by expectations for a rise in US crude inventories and fading optimism over a US-China trade deal.
News ID: 7100    Publish Date : 2019/10/29

Imported scrap offers to India moved up slightly this week against last week's report, following Turkish price trend, SteelMint learned from industry participants. Trade s remain less active in containerized markets before the festival.
News ID: 7093    Publish Date : 2019/10/25

Indian secondary rebar market observed limited trade volumes amid ongoing festive mood in the country. As per daily assessment rebar prices inched up by INR 100-300/MT across regions.
News ID: 7092    Publish Date : 2019/10/25

The World Trade Organisation (WTO) urged India to withdraw a series of subsidies applied to several industries, including steelmaking, after a complaint by the US.
News ID: 7067    Publish Date : 2019/11/01

Imported scrap offers to Bangladesh continued to rise sharply for yet another week, with the recent rise in the global market being reflected in offers to South Asia, SteelMint learnt from market participants. Trade s in containers have turned slow over the last week, with uncertainty over the global trend as well as active bookings in the previous weeks, however as the market expects the prices to rise further in the winter months, buyers would look to actively restock in the coming weeks at favorable prices.
News ID: 7059    Publish Date : 2019/10/23

Durgapur pellet assessment inch up: In Durgapur SteelMint’s reference, pellet price has picked marginally to INR 5,400-5,500/MT (ex-Durgapur, GST extra), against INR 5,300-5,400/MT a week ago.
News ID: 7045    Publish Date : 2019/10/22

Oil slipped toward $61 a barrel on Monday, falling for a second day, pressured by expectations for a rise in US crude inventories and fading optimism over a US-China trade deal.
News ID: 7038    Publish Date : 2019/10/29

Indian medium scale mills have raised their rebar offers amid decent trade volumes in overall regions and the price range have been increased by around INR 400-1,200/MT (USD 5-17), W-o-W.
News ID: 7006    Publish Date : 2019/10/18

The IMF has cut its growth predictions for Asia-Pacific economies for this and next year because of headwinds from policy uncertainty, trade disputes and weakness in major trading partners.
News ID: 6896    Publish Date : 2019/10/23

US president Donald Trump's administration is suing California for participating in a carbon cap-and-trade agreement with Quebec, contending the program violates a constitutional prohibition against states engaging in compacts with foreign powers.
News ID: 6891    Publish Date : 2019/10/23

This week global billet market was reported trade operative as major markets like CIS and Iran witnessed some trades and market sentiments were seen getting improved.
News ID: 6869    Publish Date : 2019/10/12

Polish Economic Attaché in Iran Thomas Purdue voiced his country’s preparedness to expand cooperation with Iran in trade fields.
News ID: 6844    Publish Date : 2019/10/22

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