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India to Find Way to Pay for Iran Oil

15 October 2018 - 13:25
India hasn’t worked out yet a payment system for continued purchases of crude oil from Iran, Subhash Chandra Garg, economic affairs secretary at India’s finance ministry, said.

Saudi Arabia Cannot Replace Lost Iranian Oil: VP

14 October 2018 - 20:28
Iranian First Vice-President Es’haq Jahangiri highlighted the reasons behind the recent surge in oil prices and said US President Donald Trump wrongly thought that the Saudis were able to replace the reduced share of the Islamic Republic in global oil markets.

The Brussels Times: Legal Status of EU Trade Payment Mechanism With Iran Still Unclear.

14 October 2018 - 20:13
EU and Iran have agreed to continue trade after the US withdrawal from the nuclear deal.

World Producing Oil and Liquids at Record Levels

14 October 2018 - 19:41
The world is pumping out more oil and other petroleum liquids than ever before.

Steel Ingot Production Rises 14% in Six Months

14 October 2018 - 13:07
Steel ingot production of major Iranian steelmakers in the first six-month of the current Iranian year (March21, Sep22), registering a 14% growth YOY.

Iran’s Copper Cathode Output Volume Up 70%

14 October 2018 - 13:04
Copper cathode production by Iran’s Major copper producers stood at 114,695 tons during the first six-month of the current Iranian year (March 21-Sep22) registering a 70 percent rise compared with the corresponding period of last year.

UAE Says Will Hike Oil Production

14 October 2018 - 10:18
UAE has begun to increase oil production in the third quarter and expects further increases through this month and November in line with market requirements, according to a tweet by UAE Energy Minister Suhail Al Mazroui.

Turkey: Iron Ore Import Drops 11% in Aug’18

13 October 2018 - 19:27
The tenth largest importer of Iron ore, Turkey has recorded decline in iron ore imports for the month of Aug’18. The imports recorded at 1.08 MnT in Aug'18, down 11% as against 1.22 MnT in July'18. The Y-o-Y imports witnessed a rise of 26% in Aug'18 as against 0.86 MnT in Aug'17.

Iran: Billet Export Offers Plummet Before November Sanctions

13 October 2018 - 19:23
Iran, one of the largest billet exporter in MENA region has exported 1,790,224 MT billet and bloom during the first five months of current Persian year (21-Mar till 22-Aug’18). As per the data released by Iranian Customs, export of billet during the period was reportedly up by 42% Y-o-Y against 1,258,094 MT during the same period of last Persian year.

Global Ferrous Scrap Market Overview - Week 40, 2018

13 October 2018 - 19:16
This week observed ‘stable to strong’ prices mainly in global scrap markets like USA, Turkey and South East Asia. Turkish scrap prices edge up in recent deals despite of softer finish steel and billet prices.
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