NEWS
IRON and STEEL
 

India: Godawari Power & Ispat Concludes 50,000 MT Pellet Export Deal to China

24 June 2019 Time: 16:24
Central India based pellet maker - Godawari Power & Ispat has recently concluded pellet export deal to China, SteelMint learned. Deal for 50,000 MT iron ore pellets (Fe 64%, less than 2% Al) has been concluded at around USD 133-134/MT, CFR China (equivalent to USD 123-124/MT, FoB India). The cargo is likely to be shipped in Jul'19.
 

India: VIZAG Steel Concludes Export Tender to Nepal

24 June 2019 Time: 16:16
State-run Vizag Steel also known as Rashtriya Ispat Nigam Ltd (RINL) has concluded its Wire Rod & Billet Export tender to Nepal.
 

Vietnam Steel Mill Books 10,000 MT HRC from China

24 June 2019 Time: 15:21
SteelMint in conversation with its market sources learned that Vietnam based steel mill booked HRC from China for July end or early August shipments.
NON-FERROUS
 

Iran Aluminum Output Down 32%

19 June 2019 Time: 22:20
The output of Iran's major aluminum producers totaled 41,367 tons during the first two months of the current Iranian year (March 21-May 21), which indicates a 32% decline compared with last year's corresponding period, the Iranian Mines and Mining Industries Development and Renovation Organization reported.
 

Aluminum Output Declines

30 May 2019 Time: 16:52
The output of Iran's major aluminum producers stood at an aggregate of 20,415 tons during the first Iranian month (March 21-April 20), which indicates a 33% decrease compared to last year's same month, the Iranian Mines and Mining Industries Development and Renovation Organization reported.
 

Iran’s Monthly Output of Aluminum Ingots More Than 20,000T

28 May 2019 Time: 15:33
Two giant Iranian aluminum companies have produced more than 20,000 tons of ingots in the first month of the current Iranian calendar year (March 21 – April 21).
 

SolGold shares soar after Ecuador court dismisses call for referendum on mining

23 June 2019 Time: 22:14
Shares in Ecuador-focused SolGold (LON, TSX:SOLG) jumped on Friday, after it announced that the country’s Constitutional Court had rejected calls for a referendum on mining in Imbabura, the province in which the company’s flagship Cascabel copper-gold project is located.
 

Chile’s Codelco has already lost $17.5 million on Chuquicamata strike

23 June 2019 Time: 21:40
Chile’s Codelco, the world’s largest copper producer, has already lost $17.5 million due to an ongoing strike at its Chuquicamata copper mine, its largest operation, as the labour action enters week two.
 

Camino Minerals allowed to expand drilling in southern Peru

10 June 2019 Time: 23:49
The Peruvian Ministry of Energy and Mines approved a permit related to Camino Minerals' (TSXV: COR) environmental impact assessment for the Chapitos copper-gold project.
 

50% Decline in Iran Lead, Zinc Ore Extractions

19 June 2019 Time: 22:28
Major Iranian lead and zinc producers extracted 129,172 tons of ores during the first two Iranian months (March 21-May 21), which indicate a 50% fall in production compared with last year’s corresponding period, the Iranian Mines and Mining Industries Development and Renovation Organization’s latest report shows.
 

Old Nakhlak has become young!

25 May 2019 Time: 11:47
Me-Metals: Behrouz Borna; member of Iran Minerals Production and Supply Company (IMPASCO) board of directors said: Regarding high attention of IMPASCO to the exploration sectors and extensive exploration operations in some parts of country, we have been able to convert Lead mine of Nakhlak which didn’t have harvestable resources before and had been changed to old Nakhlak, to young Nakhlak through exploring new resources.
 

Old Nakhlak has become young!

29 April 2019 Time: 12:34
ME-METALS – Behrouz Borna; member of Iran Minerals Production and Supply Company (IMPASCO) board of directors said: regarding high attention of IMPASCO to exploration sectors and extensive exploration operations in some parts of the country, we have been able to convert Lead mine of Nakhlak which didn’t have harvestable resources before and had been changed to old Nakhlak, to young Nakhlak through exploring new resources.
 

SolGold shares soar after Ecuador court dismisses call for referendum on mining

23 June 2019 Time: 22:14
Shares in Ecuador-focused SolGold (LON, TSX:SOLG) jumped on Friday, after it announced that the country’s Constitutional Court had rejected calls for a referendum on mining in Imbabura, the province in which the company’s flagship Cascabel copper-gold project is located.
 

Camino Minerals allowed to expand drilling in southern Peru

10 June 2019 Time: 23:49
The Peruvian Ministry of Energy and Mines approved a permit related to Camino Minerals' (TSXV: COR) environmental impact assessment for the Chapitos copper-gold project.
 

Nation built on gold loses its African crown to rival Ghana

10 June 2019 Time: 22:09
South Africa’s struggling gold industry has suffered yet another humiliation, losing its status as continental leader to Ghana.
 

China: Chrome Market Affected Due To Oversupply And Increased Imports

23 June 2019 Time: 16:07
Since the second quarter, the domestic prices of chrome ore and Ferro Chrome have been in a free-fall, reflected by the downward price adjustment and tepid transactions. The insiders from the whole chain of chrome industry incline to be conservative towards the short-term market of chrome, and their market participation is passive.
 

India: Silico Manganese Prices Down Amid Selling Pressure

20 June 2019 Time: 12:58
Indian Silico Manganese prices were marginally down on W-o-W basis. Demand in the domestic market remained sluggish. Meanwhile, the demand in the global market is also towards a downtrend. With the reduced prices of Manganese Ore globally, buyers are putting the sellers under pressure to reduce prices.
 

India: NINL Pig Iron Output Falls 16% in May'19

18 June 2019 Time: 19:03
Public sector steel maker & India's largest pig iron manufacturer & exporter - NINL has reported fall in Pig iron output in May'19.
MINERALS
 

India: NMDC Iron Ore Sales Surge in May'19

23 June 2019 Time: 20:19
NMDC- India's largest iron ore producer registered 25% increase in sales for the month of May'19 at 3.37 MnT as against 2.7 MnT a month ago. The miner had rolled over prices for May'19 deliveries.
 

India: JSW Steel Iron Ore Sourcing Down 36% in May'19

23 June 2019 Time: 20:02
JSW Steel - India's largest steel maker recorded total iron ore sourcing at 1.73 MnT in May'19. The sourcing witnessed 36% drop M-o-M as against 2.71 MnT in Apr'19. On yearly basis, sourcing fell 42% in May'19 as against 2.98 MnT in May'18.
 

China: Crude ROM Production Picked Up in May'19

20 June 2019 Time: 14:56
According to National Bureau of Statistics, China - world's largest consumer and importer of iron ore has witnessed rise in crude iron ore production for May'19. The production in May'19 recorded at 70.8 MnT, up 3% against 68.5 MnT in Apr'19.
 

Adani begins construction at Carmichael coal complex

23 June 2019 Time: 21:57
Adani Group has kicked off construction at its controversial Carmichael coal and rail project in Australia’s Galilee Basin after receiving last week approval from the Queensland government to break ground.
 

Indian Steel Market Weekly Snapshot

18 June 2019 Time: 18:46
Indian steel prices moved down-trend during the Week-24 (8-15th Jun'19) on demand concern amid healthier supply. The producers seems received limited response as offers continued on negative direction.
 

Indian Steel Market Weekly Snapshot

11 June 2019 Time: 21:44
Indian Steel market remained on down trend during the Week-23 (1st to 8th Jun’19) as the prices dipped owing to lack of domestic & export inquiries. Meanwhile supply of across all products was healthier, while demand lessened in across region.
 

FCB Horomill®: 25-year history told by Buzzi Unicem

15 February 2019 Time: 19:48
In the February issue of International Cement Review, Buzzi Unicem reviews its cooperation with Fives in the development of the FCB Horomill® technology.
 

RMA cementing alliances in northwestern BC

31 January 2019 Time: 17:28
A partnership of First Nations, exploration companies and provincial government representatives is working well, as the three groups collaborate to progress mineral exploration and mining in northwest British Columbia.
 

REFRAJET® Addmix: An innovative injection system

27 November 2017 Time: 14:29
The REFRAJET® Addmix technology is an innovative injection system that was developed specifically for the installation of cement-free sol-gel bonded refractory concretes of the REFRAJET® Nanobond type.
 

World record: Ultra-thin hot rolled strip with a thickness of 0.6 millimeters produced on Arvedi ESP line supplied by Primetals Technologies

29 January 2019 Time: 18:30
In October 2018, an Arvedi ESP (Endless Strip Production) line installed in a plant belonging to the Chinese steel producer Rizhao Steel Group Co., Ltd (Rizhao) produced ultra-thin hot strip with a thickness of just 0.6 millimeters for the very first time.
 

Outotec to deliver a mine paste backfill system to Canada

29 January 2019 Time: 18:10
Outotec has been awarded a contract to design and deliver a mine paste backfill system to a nickel mine in Canada.
 

Metso, in collaboration with Rockwell Automation, introduces new predictive maintenance solution for mining industry

26 November 2018 Time: 21:57
Metso is expanding its digital Metso Metrics offering with the launch of a new predictive maintenance solution for mining equipment, aimed to help maximize the uptime and performance of comminution circuits.
 

34% Decline in Iran's Non-Oil Trade With UAE

23 June 2019 Time: 22:53
Iran traded 903,607 tons of non-oil commodities worth $568.38 million with the UAE during the first Iranian month (March 21-April 20), registering a 32.7% and 34.15% decline in tonnage and value respectively compared with the year before, latest data released by the Islamic Republic of Iran Customs Administration show.
 

OEMs a barrier in transition to autonomy in mining — report

23 June 2019 Time: 22:20
As the mining sector strives to secure safety improvements, productivity gains and other benefits offered by a fully autonomous mine, a new report, Accessing the Fast and Furious Pace of Autonomy to Transform Mining by Clareo and Twin argues the closed and proprietary systems of the major original equipment manufacturers (OEMs) are a barrier.
 

The Essentiality of the Development of the Industry of Paper Production from Stones

10 June 2019 Time: 23:30
Me-Metals: The executor of the sodium carbonate paper production plan of Aligoodarz emphasized the need in the development of paper production industry from stones in the country.
Auto
 

Air Taxi Services Before March 2020

31 May 2019 Time: 21:44
Iran is set to introduce air taxi services before the current fiscal year ends in March 2020, a deputy roads minister says.
 

IMO 2020, EVs, and steel — a perfect storm in the needle coke sector?

31 May 2019 Time: 19:00
The new International Maritime Organization (IMO) 2020 regulations are expected to have some tangible effect on the steel industry. Primarily, increasing freight rates for raw materials such as iron ore and coal as ship owners and operators pass on higher bunker costs.
 

Eike Batista plots his comeback and offers advice to Elon Musk

30 May 2019 Time: 18:20
Walking down a busy street in Rio de Janeiro one recent afternoon, we bumped into the Brazilian who is best known for losing $35 billion in a single year. After initially trying to deflect questions, he begrudgingly invited us along for a lunch that lasted two hours.
ECONOMY
 

6th Oil Offer on Iran Energy Exchange Next Week

27 February 2019 Time: 20:03
The next round of crude oil offer on Iran Energy Exchange (IRENEX) will be made by the National Iranian Oil Company on March 4. Offer conditions are the same as the previous round with regard to volume and purchasing terms.
 

Iran’s Energy Bourse to Open 4th Crude Sales in February

30 January 2019 Time: 21:45
Iran will hold the 4th session of direct sales of oil to domestic and international buyers through its energy bourse on February 4th.
 

Official: Foreign Firms Eyeing to Purchase Iran's Oil

23 December 2018 Time: 18:11
Several foreign companies have shown interest in purchasing Iran's oil via the exchange market, Managing director of Iran's Energy Exchange Seyed Ali Hosseini said.
 

Tehran Stocks Shed 1,000 Points

19 June 2019 Time: 22:42
The main index of Tehran Stock Exchange TEDPIX lost 1,000 points or 0.43% on Tuesday to end trading day at 237,148 points.
 

London Metal Exchange and Fastmarkets to set lithium price benchmark

10 June 2019 Time: 21:50
The London Metal Exchange (LME) is partnering with Fastmarkets to develop the reference price for its planned lithium futures contract, which will help analysts and executives to get a full sense of the global market for the key ingredient in the making of the batteries that power electric vehicles (EVs).
 

2m Barrels of Gas Condensates on Offer via IRENEX

3 June 2019 Time: 20:24
Two 2 million barrels of natural gas condensate is on offer at discounted prices in the international ring of the Iran Energy Exchange today (Monday).
 

Official: Iran’s Insurance Industry Unaffected by Sanctions

5 December 2018 Time: 20:14
Director of the Central Insurance of Iran said the country’s insurance industry has successfully avoided being affected by the anti-Iran sanctions.
 

Life Insurance in Iran Underdeveloped

25 November 2017 Time: 12:27
The share of life insurance in the overall portfolio of the Iranian insurance industry is meager, a fact that a board member of Middle East Insurance Company, which specializes in life insurance, ascribes to the lack of an insurance culture in the country.
 

Insurers Assessing Iran Quake Losses

20 November 2017 Time: 11:55
Iranian insurance companies have started evaluating the losses caused by the recent massive earthquake that shook the western Kermanshah Province near the Iraqi border and processing payment of compensations.
 

Turkey: Imported Scrap Prices Drop to 6-Months Low

23 June 2019 Time: 19:59
SteelMint learned from industry participants that Turkish steel mills have taken a pause from buying activities after observing successive falling in scrap prices since the past couple of weeks.
 

Tehran Commerce Delegation to Visit Minsk

1 June 2019 Time: 22:30
A business delegation led by President of Tehran Chamber of Commerce, Industries, Mines and Agriculture Masoud Khansari is scheduled to visit Minsk, the capital of Belarus, for four days starting July 23.
 

Ukraine Eyeing More Trade with Iran

28 May 2019 Time: 15:39
Ukrainian Ambassador to Tehran Sergei Burdyliak said that his country is after expanding commercial relations with Iran, tabling Kiev’s proposal for establishment of a joint trading house.
 

UK Gov’t Settles $1.6 Billion Dispute With Bank Mellat

19 June 2019 Time: 23:04
The British government has settled a 1.25 billion pound ($1.6 billion) damages claim brought by Iran’s largest private bank in an 11th-hour, out-of-court deal following a dispute over sanctions.
 

Iran’s Oil-Free Economic Conduct

10 June 2019 Time: 19:56
The Iranian Parliament’s Research Center (IPRC) released a new plan on how to deflate the US economic pressures by cutting off dependence on oil revenues as a counter-strategy against the US sanctions on Iranian crude supplies.
 

96 Million Bank Cards Active in 1 Month

3 June 2019 Time: 23:06
Out of 340.6 million cards issued by banks more than 96.9 million, including debit cards, credit cards and gift cards, conducted at least one transaction during the first month (March 21-April 20) of the current fiscal year.
 

Foreign Investment Trickles Into Iran’s Capital Market

10 March 2018 Time: 22:41
Total capitalization of Iran's capital market, including equity and fixed-income, is currently standing at around $130 billion.
 

Banking Cooperation Talks With Swiss Envoy

30 January 2018 Time: 12:17
The governor of the Central Bank of Iran on Monday met with the ambassador of Switzerland in Tehran to discuss improvements in the banking system and the possibility of Iranian lenders opening branches in the Alpine country.
 

Upgraded Risk Rating to Boost Iran’s Int’l Standing

28 January 2018 Time: 21:24
The Central Bank of Iran has welcomed the country’s risk rating improvement from 6 to 5 by the Organization for Economic Cooperation and Development, regarding it as another promising signal of the country’s enhancing financial and credit status in international markets.
 

Iran Railroad Expansion: Accomplishments, Grand Plans

18 April 2018 Time: 17:13
In the last few years, Iran has demonstrated its strong political will to reemerge as a regional transportation hub.
 

Chinese Company to Supply 630 Cars for Tehran Subway

14 March 2018 Time: 22:45
China Railway Rolling Stock Corporation Changchun Railway Company (CRRC CRC) and Tehran Wagon Company have won the tender to build and supply 630 cars for Tehran’s Subway on Wednesday.
 

Hot Mix Asphalt Plant Established in Qazvin

14 March 2018 Time: 22:42
A hot mix asphalt production plant has been established in Qazvin Province’s Alamut region, Managing Director of Qazvin Roads and Urban Development Organization Masoud Haqlotfi said.
 

34% Decline in Iran's Non-Oil Trade With UAE

23 June 2019 Time: 22:53
Iran traded 903,607 tons of non-oil commodities worth $568.38 million with the UAE during the first Iranian month (March 21-April 20), registering a 32.7% and 34.15% decline in tonnage and value respectively compared with the year before, latest data released by the Islamic Republic of Iran Customs Administration show.
 

UK Gov’t Settles $1.6 Billion Dispute With Bank Mellat

19 June 2019 Time: 23:04
The British government has settled a 1.25 billion pound ($1.6 billion) damages claim brought by Iran’s largest private bank in an 11th-hour, out-of-court deal following a dispute over sanctions.
 

Growth in Iran's Non-Oil Exports to Niger

19 June 2019 Time: 22:36
Iran exported 1,085 tons of non-oil commodities worth $1.15 million to Niger during the last fiscal year (ended March 20, 2019) to register a 564.98% and 67.63% growth in tonnage and value respectively compared with the year before, data released by the Islamic Republic of Iran Customs Administration show.
GEOLOGY
 

Old Nakhlak has become young!

25 May 2019 Time: 11:47
Me-Metals: Behrouz Borna; member of Iran Minerals Production and Supply Company (IMPASCO) board of directors said: Regarding high attention of IMPASCO to the exploration sectors and extensive exploration operations in some parts of country, we have been able to convert Lead mine of Nakhlak which didn’t have harvestable resources before and had been changed to old Nakhlak, to young Nakhlak through exploring new resources.
 

India: Karnataka Govt Invites Bid for 4 Iron Ore Blocks

22 May 2019 Time: 12:51
Department of Mines and Geology (Govt. of Karnataka) has floated the tender for auctioning of 4 iron ore blocks in Karnataka for its 4th phase.
 

Old Nakhlak has become young!

29 April 2019 Time: 12:34
ME-METALS – Behrouz Borna; member of Iran Minerals Production and Supply Company (IMPASCO) board of directors said: regarding high attention of IMPASCO to exploration sectors and extensive exploration operations in some parts of the country, we have been able to convert Lead mine of Nakhlak which didn’t have harvestable resources before and had been changed to old Nakhlak, to young Nakhlak through exploring new resources.
ENVIRONMENT
 

Deal signed to move ahead with cleanup of Anaconda copper mine site

4 June 2019 Time: 22:18
Solutions will be implemented to solve long-standing environmental issues associated with waste dumps left behind at the Anaconda copper mine site after the company of the same name shut down operations in 1978 and following Arimetco’s takeover and abandonment of the site in 1999.
 

Lab-grown diamonds to get sustainability standard certification

27 May 2019 Time: 22:57
Organizations behind lab-grown diamonds continue to push to conquer the market.
 

Canada injects $325K into ‘climate change adaptation’ for mining sector

19 May 2019 Time: 17:15
Canada is giving the country’s mining association more than C$325,000 ($242K) to develop a program that would give miners the tools and knowledge needed to better plan for climate change in decision-making at all stages of an operation’s life.
ENERGY
 

Russia Says Willing to Help Iran Export Oil

23 June 2019 Time: 22:29
Russia is willing to step in to help Iran export its oil while the country is struggling to keep the oil flowing due to the new US sanctions.
 

Oil in Floating Storage Hits High

23 June 2019 Time: 22:25
Crude and condensate in long-term floating storage hit its highest since August 2017 in May at 24 million barrels, as US sanctions against Venezuela and Iran hindered the ability of the OPEC members to export, data from analytics firm Vortexa showed.
 

Zanganeh: Political Agendas Exploiting Oil Market

19 June 2019 Time: 22:13
The global oil market is “unstable and fragile”. Oil Minister Bijan Namdar Zanganeh told his Russian counterpart Alexander Novak in a meeting in Tehran on Monday, Shana, the Oil Ministry's news portal, reported.
 

US grants energy-hungry Iraq new Iran sanctions waiver: Reports

23 June 2019 Time: 19:17
According to reports, Washington has given Baghdad a 90-day sanctions waivers to keep buying Iranian gas and electricity to meet summertime peaks of demand.
 

Natural Gas Demand to Slow

9 June 2019 Time: 23:13
The world’s appetite for natural gas grew at the fastest pace since 2010 last year, but that blockbuster growth is shifting into lower gear, according to the International Energy Agency.
 

Energy prices crash in Europe as old, new fuels vie for share

3 June 2019 Time: 15:23
Gas and coal prices are plunging in Europe, hurt by the relentless threat of ever-cheaper clean energy that’s gaining market share and pushing out the fossil fuels in the process.
 

Venezuela refinery runs shrink to 25pc: PdV data

2 October 2018 Time: 19:46
Venezuelan state-owned PdV utilized less than a quarter of the nameplate processing capacity at its main oil refineries in July, reflecting a shrinking pool of domestic feedstock and chronic equipment breakdowns.
 

Gas Flaring Cut by 70% in South Pars Refinery

10 March 2017 Time: 14:54
South Pars Oil and Gas Company (SPOGC) has curbed the flaring of natural gas at the so-called 3rd South Pars refinery in the city of Asalouyeh, Bushehr Province, by 70% in the present fiscal year (ends March 20), the refinery's director said on Wednesday.
 

Aramco Buys $7b Stake in Petronas

3 March 2017 Time: 14:40
Saudi oil giant Aramco will buy an equity stake in Malaysian firm Petronas' major refining and petrochemical project, pumping in $7 billion in its biggest downstream investment outside the kingdom, the companies said on Tuesday.
 

Iran to Offer Petrochemical Products, 10,000T Naphtha on Energy Bourse

20 May 2019 Time: 22:58
Iran is due to offer 10,000 tons of light naphtha, 2,000 tons of heavy naphtha and large cargoes of petrochemical products to domestic buyers through its energy bourse on Sunday, in a direct sale to bypass the US unilateral sanctions.
 

Iran's Non-Oil Exports to Nepal Rise Remarkably

20 May 2019 Time: 14:31
Iran exported 49,578 tons of non-oil commodities worth $12.77 million to Nepal in the last fiscal year (ended March 20, 2019) to register a 2,236.25% and 3,114.84% hike in tonnage and value respectively compared with the year before, the latest data released by the Islamic Republic of Iran Customs Administration show.
 

Iran’s Exports of Petrochemicals Up by 18%

18 May 2019 Time: 21:37
The total amount of Iran’s petrochemical exports in the first Iranian month of Farvardin (March 21 – April 20) increased by 18 percent compared to the same period last year despite the US sanctions, data released by the Customs Office showed.
 

Rise in Electricity and Water Tariffs in Iran

6 April 2019 Time: 21:46
Aproposal by the Energy Ministry to raise water and electricity tariffs by 7% was ratified by the Cabinet. The new rates will go into effect on April 21, Barq News reported.
 

Water-Stressed Pakistan Looks for Donations to Build Dams

25 February 2019 Time: 13:21
As Pakistan faces worsening water scarcity - and trouble sourcing international cash for hydropower dams it says it needs - it has turned to an unlikely source of cash: A fundraising campaign backed by the country’s top court judges.
 

Tehran, Kabul to Expand Energy, Water Cooperation

7 January 2019 Time: 15:56
Iranian Energy Minister Reza Ardakanian, in a meeting with Afghanistan's Deputy Minister of Energy and Water Khan Mohammad Takal, exchanged views on ways to bolster bilateral cooperation in the water and energy sectors.
 

US grants energy-hungry Iraq new Iran sanctions waiver: Reports

23 June 2019 Time: 19:17
According to reports, Washington has given Baghdad a 90-day sanctions waivers to keep buying Iranian gas and electricity to meet summertime peaks of demand.
 

Indian Secondary Rebar Market Observes Limited Demand

9 June 2019 Time: 15:30
Indian secondary rebar demand remained subdued across region with limited buying interest from traders & retailers amid higher inventory levels seen from major supplying regions as price level reduced by INR 400-800/MT across regions.
 

Iran Expecting Two-Fold Rise in Hydro-Electricity Generation this Summer

30 May 2019 Time: 17:43
Iran will increase its generation of hydro-electricity by 106% this summer, Deputy Energy Ministry for Water and Wastewater Affairs Qassem Taqizadeh Khamesi said.
 

Iran Stays within JCPOA’s Main Limits, IAEA Confirms

1 June 2019 Time: 23:08
Iran has stayed within the main restrictions of the 2015 nuclear deal between Tehran and world powers, according to a quarterly report by the UN atomic watchdog.
 

IAEA Report Signifies Iran’s Push to Uphold Multilateralism: Envoy

1 June 2019 Time: 23:04
Iran’s envoy to international organizations in Vienna said the International Atomic Energy Agency’s most recent report that confirms Tehran’s compliance with the 2015 nuclear deal reveals the Islamic Republic’s goodwill in preserving multilateralism in the international relations.
 

Iranian MPs Voice Support for AEOI Moves to Counteract US Sanctions

30 May 2019 Time: 17:21
Iran’s lawmakers, in a statement on Sunday, voiced their support for recent decisions by the Atomic Energy Organization of Iran (AEOI) to counteract the latest sanctions imposed by the US administration against the Islamic Republic.
 

Norway’s $1Trillion Fund Eyes Renewable Assets

8 April 2019 Time: 16:07
Weeks after Norway’s government proposed that the country’s $1-trillion fund divest from pure exploration and production oil companies, the cabinet said that it will allow the world’s biggest sovereign wealth fund to invest in unlisted renewable energy infrastructure.
 

China Taking Worldwide Lead in Wind Power

6 April 2019 Time: 21:52
Renewable energy demand and capacity are growing explosively. When looking at numbers for wind energy production, China stands above all other countries.
 

Iran Resolute to Increase Renewables Capacity

24 February 2019 Time: 18:35
Iranian Energy Minister Reza Ardakanian said that the country is after boosting its renewable energies capacity, urging relevant bodies in the country to spare no efforts to this end.
 

Danish Firm Will Join Japan Offshore Wind Projects

21 January 2019 Time: 15:31
Tokyo Electric Power Company Holdings has signed a memorandum of understanding with Danish energy business Orsted to work together on offshore wind projects.
 

Sportswear Giant Signs Second Wind Power Deal

21 January 2018 Time: 23:24
Sportswear giant Nike has signed its second major wind power agreement with Avangrid Renewables. The deal is for 86 megawatts of wind power from the Karankawa Wind Farm in Bee and San Patricio counties in Texas.
 

Google to Meet All Energy Needs From Clean Power

2 December 2017 Time: 12:55
Google, the biggest corporate buyer of renewable energy, is buying even more—536 megawatts of wind power from four power plants.
 

Iranians Capable of Producing 80 Percent of Oil Equipment

18 April 2018 Time: 20:47
Domestic manufacturers are capable of providing technical services and producing 80% of advanced oil equipment to develop downstream and midstream projects that will be tendered by the Oil Ministry soon, the head of the Society of Iranian Petroleum Industries Equipment Manufacturers said.
 

Microsoft Invests in Singapore Renewables

3 March 2018 Time: 21:19
Following in Apple's footsteps, Microsoft has purchased 100% of the renewable output from Sunseap Group's new 60-megawatt solar project and will use it to power datacenter operations in Singapore.
 

Norway’s Saga Signs $2.9b Iran Solar Power Venture

19 October 2017 Time: 13:07
Norway’s Saga Energy signed a €2.5 billion ($2.94 billion) deal in Tehran on Tuesday to build solar power plants in Iran, the company said, just days after US President Donald Trump unveiled a more confrontational policy toward Tehran.
 

Serious Coal Shortage Expected in Near Future

9 June 2019 Time: 23:55
Iran’s domestic coal consumption revolves around 2 million tons per year, 1.5 million tons of which are supplied by domestic production while the remaining 500,000 tons are imported.
 

Japan Buying Less Iranian Oil

9 June 2019 Time: 23:40
Preliminary data released by Japan’s Ministry of Finance show that the country’s crude oil imports from Iran dropped 42% month-on-month to 169,100 barrels per day in April.
 

2m Barrels of Gas Condensates on Offer via IRENEX

3 June 2019 Time: 20:24
Two 2 million barrels of natural gas condensate is on offer at discounted prices in the international ring of the Iran Energy Exchange today (Monday).
Transportation
 

Omani Airline Celebrates Opening Direct Tehran-Muscat Route

10 June 2019 Time: 20:25
Omani airline “SalamAir”, in a ceremony participated by Iranian Ambassador to Muscat Mohammadreza Nouri Shahroudi, celebrated the launch of its new flight route connecting Tehran to the capital city of the Arab country.
 

ORAT Concluded at Tehran's Newly-Built Salam Airport Terminal

9 June 2019 Time: 23:43
Imam Khomeini Airport City officially concluded Operational Readiness and Airport Transfer (ORAT) in Salam Terminal-Gallery on Sunday ahead of its inauguration in the near future.
 

Iran Complains to ICAO Over Airplane Refueling Problems

2 June 2019 Time: 15:25
Refusals on the part of some international airports to provide fuel to Iranian airlines have led the Civil Aviation Organization of the Islamic Republic of Iran to voice complaints to the International Civil Aviation Organization.
 

Bangladesh: Imported Scrap Offers Fall; Buyers Eye Further Correction

23 June 2019 Time: 20:15
In conversation with market participants, SteelMint learned that imported scrap offers to Bangladesh have significantly dropped this week following the continued downtrend at the global level.
 

Global HRC Market Overview - Week 25, 2019

20 June 2019 Time: 14:23
Indian HRC import prices from Japan decline in recent bookings concluded- SteelMint recently learned from market sources that Indian based stockist have booked 20,000 MT of HRC with major steel company based in Japan at around USD 525/MT CFR basis for July shipments.
 

Global HRC Market Overview - Week 25, 2019

20 June 2019 Time: 14:23
Indian HRC import prices from Japan decline in recent bookings concluded- SteelMint recently learned from market sources that Indian based stockist have booked 20,000 MT of HRC with major steel company based in Japan at around USD 525/MT CFR basis for July shipments.
 

Air Taxi Services Before March 2020

31 May 2019 Time: 21:44
Iran is set to introduce air taxi services before the current fiscal year ends in March 2020, a deputy roads minister says.
 

Bangladesh: Imported HRC Market Gains Momentum; Deals Reported

6 May 2019 Time: 20:09
Market sources shared with SteelMint that steel importers based in Bangladesh are actively booking imported HRC from China, Japan and Korea for June shipments.
 

FMG: Iron Ore Shipments Drop 10% in Q1 CY19

2 May 2019 Time: 15:04
Fortescue Metals Group - world's 4th largest iron ore producer, depicted fall in quarterly shipments in Q1 CY19 at 38.3 MnT, down 10% as against last quarter at 42.5 MnT.
Housing & Building
 

The Essentiality of the Development of the Industry of Paper Production from Stones

10 June 2019 Time: 23:30
Me-Metals: The executor of the sodium carbonate paper production plan of Aligoodarz emphasized the need in the development of paper production industry from stones in the country.
 

IDRO to Invest $18 Million in Stone Paper Factory Construction

28 January 2018 Time: 21:03
The Industrial Development and Renovation Organization of Iran will be investing in the construction of a stone paper factory in the city of Kharameh in the southwestern Fars Province with a production capacity of 20,000 tons per year.
 

Iran's Trade With Turkmenistan Tops $300m

29 January 2019 Time: 15:55
Iran traded $312 million worth of commodities with Turkmenistan during the 10 months to Jan. 20, according to Iran's commercial attaché to Turkmenistan.
 

Iran, Iraq in Talks to Ink Currency Swap Deal: Official

18 November 2018 Time: 18:51
Chairman of Iran-Iraq Chamber of Commerce Yahya Ale-Ishaq said the two countries are in negotiations to finalize a currency swap agreement in a bid to boost trade ties between the two neighboring countries.
 

Concrete, Mortar Mixers Imported

10 October 2017 Time: 16:16
Concrete and mortar mixers weighing more than 711 tons and worth 51.55 billion rials ($1.6 million) were imported into Iran during the five months to Aug.
 

MCC Raises Loan Ceiling for Rural Housing and Jobs

18 May 2019 Time: 14:41
The Money and Credit Council - a top financial decision-making body affiliated to the Central Bank of Iran - approved a decision Wednesday to raise the ceiling of loans allocated for renovating rural residential units and interest-free loans for job creation.
 

86% Rise in Tehran Home Prices

25 February 2019 Time: 13:27
The average price of each square meter of a residential unit in Tehran stood at 100.6 million rials ($76.8) in the 11th Iranian month (Jan. 21-Feb. 19), showing a 3% rise compared with the preceding month and an 86% increase compared with the same month of last year.
 

Iran to Provide Engineering Services for Dam Construction in Africa

28 January 2019 Time: 18:05
An Iranian firm will provide engineering consultancy services for the construction of a major dam on the Rufiji River in Tanzania, where the $3 billion project is expected to create the largest reservoir in East Africa and double the electricity supply of the country.
Sciences
 

MSC wins award for management of innovation and technology

17 April 2019 Time: 11:08
A 6th edition of Iran National Award for Management of Innovation and Technology (IRAMIT) has handed its award for management of innovation and technology to Mobarakeh Steel Company (MSC).
 

Mobarakeh teachers have their own educational center, jointly built by MSC

17 April 2019 Time: 11:00
An education-welfare center for teachers was launched in Mobarakeh on Benevolence Day (March 5), with the education minister in attendance.
 

Google Releases iPhone Hacking Tool

16 December 2017 Time: 12:02
Google released a tool that allows security researchers, and other developers, to hack into iOS 11.1.2, software that could lead to a jailbreak for devices running that OS version.
 

Iranian VP Underlines Extensive Plans to Confront US Sanctions

28 May 2019 Time: 15:19
Iranian Vice-President for Science and Technology Sorena Sattari stressed that the country has devised different scenarios to confront the US sanctions.
 

NASA Approves Extension of Boeing Starliner Commercial Crew Test Flight

8 April 2019 Time: 16:25
Aday after Boeing confirmed delays in test flights of its commercial crew vehicle, NASA said that the company's crewed test flight will get an extended stay at the station when it does fly.
 

NASA Test-Fires Megarocket Engine

6 April 2019 Time: 22:17
Water vapor poured across the Mississippi landscape as NASA ground-tested an engine type that may bring astronauts to the moon in the next three years.
 

Cyber Police to Help Stop Ad Message Spammers

3 June 2019 Time: 23:12
Iranian Cyber Police will counter companies sending advertisements to mobile network subscribers, Communications Regulatory Authority announced.
 

Diplomat: Royal Mail Service to Iran Re-Established

20 May 2019 Time: 23:04
Iranian Ambassador to London Hamid Baeidinejad announced that Britain’s top posting service company the Royal Mail has restored its operations to the destination of Iran.
 

Renovation of Tehran Landline Telecom Infrastructure on Track

20 May 2019 Time: 14:38
In an effort to expand landline telephone services in Tehran, six telecommunications centers have undergone cord renovation since May 18.
 

MSC Selected Asia’s 11th Most Admired Knowledge Enterprise

11 December 2017 Time: 21:34
Iran’s largest steelmaker, Mobarakeh Steel Company, has been selected as Asia’s 11th Most Admired Knowledge Enterprise in 2017.
 

Amirkabir University to Launch Tech Complex

18 May 2019 Time: 14:31
Tehran-based Amirkabir University of Technology plans to launch a technology complex in collaboration with the state-owned Bank of Industry and Mine.
 

Sharif University Wins ICPC Bronze Medal

8 April 2019 Time: 16:31
A computer programming team from Tehran’s Sharif University of Technology won a bronze medal during the 43rd round of the International Collegiate Programming Contest (ICPC 2019). The contest was held in Portugal from March 31-April 5.
 

Clampdown on Annoying Mobile Ad Senders Continues

8 April 2019 Time: 16:38
As part of moves to curb unwanted and annoying text message ads, Iran’s Communications Regulatory Authority has blocked about 120,000 mobile phone numbers since November 2017, when an automated monitoring system came into effect.
 

Student Robotic Contest in Tehran

2 March 2019 Time: 19:24
Anational student robotic contest Roboticup 2019 opened Thursday at the Tehran University with the participation of more than a thousand elementary and high school students.
 

Iran Knowledge-Based Firms Borrow $384m

28 February 2019 Time: 14:57
Banks lent 51.9 trillion rials ($384 million) to 626 knowledge-based companies by the end of the third quarter of the current fiscal on December 21.
Scrap & Recycling
 

Japan: Tokyo Steel Observes Further Price Cut for Scrap Purchase

24 June 2019 Time: 15:26
As per new price circular released, Japan’s leading EAF mini-mill - Tokyo Steel has again lowered the domestic H2 scrap purchase price by JPY 1000/MT (USD 9) at Kyushu works in western region, and by JPY 500/MT for its other 4 works, amid very weak sentiments in the domestic market. The new prices for all grades shall be effective from tomorrow (21st Jun'19).
 

Bangladesh: Imported Scrap Offers Fall; Buyers Eye Further Correction

23 June 2019 Time: 20:15
In conversation with market participants, SteelMint learned that imported scrap offers to Bangladesh have significantly dropped this week following the continued downtrend at the global level.
 

Turkey: Imported Scrap Prices Drop to 6-Months Low

23 June 2019 Time: 19:59
SteelMint learned from industry participants that Turkish steel mills have taken a pause from buying activities after observing successive falling in scrap prices since the past couple of weeks.
METALLURGY
 

Tendencies of development in the Russian Foundry Industry 2019

31 May 2019 Time: 19:52
Russia`s cast production ranks at about 4.25 million t p.a. (2017) ranks 6th worldwide after China, India, USA, Japan and Germany and thus accounts for about 4% of world production.
 

Because every casting counts: DISA premieres game-changing foundry innovations for Zero Defect Manufacturing at GIFA 2019

31 May 2019 Time: 19:46
At GIFA 2019, DISA will reveal three radical new digitally-driven innovations that move foundries closer to Zero Defect Manufacturing (ZDM).
 

Eirich: Molding Material Preparation without Human Intervention

9 April 2019 Time: 19:41
About 25 percent less rejects, a major improvement in surface quality with more than 50 percent less refinishing and significantly more stable processes - Thomas Poggemann, production manager at Juergens Gießerei GmbH & Co. KG, is more than satisfied.
 

REFRAJET® Addmix: An innovative injection system

27 November 2017 Time: 14:29
The REFRAJET® Addmix technology is an innovative injection system that was developed specifically for the installation of cement-free sol-gel bonded refractory concretes of the REFRAJET® Nanobond type.
 

Seven Expands Activities for the Aluminium Industry

30 March 2017 Time: 22:13
Less than a year after the publication of Seven’s first brochure for the aluminium industry, satisfied customers in several countries have been won. Deliveries have gone to Germany, Italy, the Slovak Republic, Russia, and Taiwan.
 

Seven Kazakhstan Factory Opened in February 2017

30 March 2017 Time: 21:16
Seven’s growth over the last years has triggered substantial expansions: In 2016, the main plant in Divača/Slovenia was expanded with fully integrated production, shipping, and storage systems. New and improved lines for dry-mixing and taphole clays are complemented by a brand new 300m2 laboratory.
 

China’s Major GE Manufacturer Resumes Production, Supply set to Increase

11 June 2019 Time: 22:00
China’s Heilongjiang Changsheng Carbon Co. Ltd., located in Sahngzi city of Heilongjiang province has once again started the production of graphite electrodes after the closure for almost seven years. The factory formerly known as Luohe Carbon Plant was closed down in the year 2012 amid poor market demand.
 

China Needle Coke Prices Reverse Global Trend

7 June 2019 Time: 19:47
The upheaval in graphite electrodes demand in the past two years and a steady surge in the requirements for graphite anodes for lithium-ion batteries in China has boosted the needle-coke demand in the country.
 

China: Silico Manganese Producers Firm on Prices

1 June 2019 Time: 15:48
In today's market of Silico Manganese, the expectation for upswing is still passionate. HBIS Group announced the purchase amount of Silico Manganese in June: 31,990MT, an increase of 2,500 MT compared with May 2019 and up 7,420 MT compared with 24,570 MT of June 2018.
 

China’s Graphite Electrodes Production Falls by 4.5% M-o-M basis in Nov’18

8 December 2018 Time: 23:03
With the start of winter heating season in November came the output restrictions in China’s steel sector as a part of country’s anti-pollution campaign.
 

Henan Mingtai grants SMS group final acceptance of high-performance aluminum cold mill

26 November 2018 Time: 21:26
On October 18, 2018, the Chinese aluminum producer Henan Mingtai Al. Industrial Co., Ltd. has granted SMS group the final acceptance certificate for the new aluminum cold rolling mill established at the Gongyi location.
 

Better quality casting through Danieli technological packages

7 November 2018 Time: 21:58
Huaigang is renewing its confidence in Danieli casting technology with a revamping for CCM#2 billet caster at Huai’an, Jiangsu Province.
 

Pet Coke Import Offers Fall; Domestic Prices Remain Firm in India

9 November 2018 Time: 17:58
Import prices of petroleum coke have decreased substantially over the month, though India’s domestically produced pet coke prices have continued to remain unchanged from the rates that prevailed since the start of this month.
 

Metallurgy exceeds expectations and should generate $350 million in business

28 September 2018 Time: 11:47
The atmosphere of satisfaction was general among the 120 expositor brands of Metallurgy 2018 - Fair and International Congress of Technology for Foundry, Steel, Forging, Aluminum and Services [Feira e Congresso Internacional de Tecnologia para Fundição, Siderurgia, Forjaria, Alumínio e Serviços], held from September 18 to 21, in Joinville, SC.
 

IN - Tata Motors closes gap with Mahindra for 3rd biggest PV maker in India

24 September 2018 Time: 21:24
Tata Motors is narrowing the gap with homegrown rival Mahindra & Mahindra (M&M) to challenge the position of third biggest passenger vehicle maker in India by sales.
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