Eleven Iranian payment service provider companies are among the world’s top 150 acquirers, according to the latest report by Nilson Report Magazine, a journal specializing in payment industry news and statistics.
News ID: 6568 Publish Date : 2019/10/07
Iran’s Deputy Transportation Minister Shahram Adamnejad announced that the country’s largest airline IranAir has posted an operating profit for the last local calendar year ending on March 20, 2019, highlighting that the achievement was made despite all US sanctions against the country’s aviation industry .
News ID: 6560 Publish Date : 2019/10/06
US sanctions on two units of Chinese shipper COSCO hit the liquefied natural gas tanker industry on Monday as US-listed Teekay LNG said its joint venture in Russia had been “blocked” for its ties to COSCO.
News ID: 6551 Publish Date : 2019/09/30
As interest in the market potential of Africa grows, the inaugural CRU Africa Wire, Cable & Tube Conference is perfectly timed to address the business opportunities for local producers and manufacturers, seeking to establish new trade partnerships with international stakeholders involved in the African steel, copper and aluminium supply chains.
News ID: 6540 Publish Date : 2019/10/01
According to a recent report, the Ministry of Industry and Trade (MoIT) has decided to officially impose the highest rate of anti-dumping duties on aluminium products from 16 Chinese producers. While six Chinese exporters will face the duty of 35.58 per cent, eight between 18.16 per cent and 35.39 per cent, the final two will face a rate of less than 10 per cent.
News ID: 6538 Publish Date : 2019/10/03
In recent conversations with industry participants, SteelMint learned that imported scrap prices to South East Asia have followed the global downturn over the last couple of weeks and moved down further by USD 10-15/MT in last 2-weeks, however, the prices have shown some stability in the last few days.
News ID: 6484 Publish Date : 2019/09/23
The 9th Asia Steel Forum- 2019, co-sponsored by Shanghai Ganglian E-Commerce Co., Ltd. (Mysteel), South Korea Steel & Steel, Japan Metal Daily, was held at 18-20 Sept’19 in Shanghai. The forum was attended by stalwarts from the steel industry across the globe. SteelMint was Media Partner for the event and the key takeaways from the conference were as follows:
News ID: 6476 Publish Date : 2019/09/21
Putting to rest all speculation on the future of auctions of iron ore and associated minerals in Odisha, the Central mines ministry has upped the maximum area limits on such resources to 58 square km.
News ID: 6470 Publish Date : 2019/09/20
In conversation with industry participants, SteelMint learned that imported scrap market trades to India witnessed a slight rise, while offers fell amid declining global prices. Some improvement was witnessed in finished steel sales, keeping the market hopeful for the coming weeks.
News ID: 6466 Publish Date : 2019/10/03
In recent conversations with industry participants, SteelMint learned that imported scrap prices to South East Asia have moved down significantly over the last 2 weeks, amid recent global downturn and slow demand domestically.
News ID: 6444 Publish Date : 2019/09/10
As per new price circular released, Japan’s leading EAF mini-mill - Tokyo Steel has lowered its scrap purchase price by JPY 500/MT (USD 5) at all 5 of its plants today. This comes as the 2nd price lowering by the company in a week, while the new prices for all grades shall be effective from today (6th Sept'19).
News ID: 6413 Publish Date : 2019/09/06
Argentina’s mining industry is following closely what opposition candidate Alberto Fernández, the front-runner for October’s presidential election, has to say when it comes to resources exploitation and foreign investment, as worries about the potential Peronist government turning to protectionist measures and populist policies.
News ID: 6350 Publish Date : 2019/09/06
In the second quarter this year, cobalt and lithium prices dropped to the lowest point in more than two years, driven by short-term oversupply which is taking longer than anticipated to correct.
News ID: 6264 Publish Date : 2019/08/29
Gold bars fraudulently stamped with the logos of major refineries are being inserted into the global market to launder smuggled or illegal gold, refining and banking executives tell Reuters. The fakes are hard to detect, making them an ideal fund-runner for narcotics dealers or warlords.
News ID: 6219 Publish Date : 2019/08/28
Thailand's new government is expected to pass a budget that will boost steel demand in 2020, which together with new anti-circumvention laws will reverse sagging utilisation rates.
News ID: 6210 Publish Date : 2019/08/28
In recent conversations with industry participants, SteelMint learned that imported scrap prices to South East Asia have observed correction after returning from Eid holidays amid recent softening in finished steel & billet steel futures in China.
News ID: 6194 Publish Date : 2019/08/27
The Iranian Ministry of Industry, Mine and Trade said on Monday that the country has produced some 7.2 million tons of steel products in the first 4 months of the current local calendar year (March 21-July 21) indicating an 11.6% growth compared with the output of the same period last year.
News ID: 6173 Publish Date : 2019/08/26
Iranian Energy Minister Reza Ardakanian said that his country has exported 2.3 billion kilowatts of electricity to the neighboring countries since the start of the local calendar year on March 21.
News ID: 6167 Publish Date : 2019/08/25
Thermal power capacity has risen by 16% or 9,000 megawatts over the past six years. According to the Energy Ministry news portal, the output has increased from 56,000 MW in 2013 to 65,000 MW now.
News ID: 6161 Publish Date : 2019/08/25
SteelMint learned in recent conversations with industry participants that imported scrap offers to Pakistan have softened further after the market inquiries resumed recently post-Eid holidays, as global markets have been on a downtrend since a couple of weeks, along with low demand in the domestic market. Trades are expected to pick up in the coming week as the market has observed slow returning.
News ID: 6154 Publish Date : 2019/08/25