News Categories

Domestic manufacturing of imported auto parts to be strengthened

22 July 2019 - 21:16
In mid-May, Iranian Industry, Mining and Trade Minister Reza Rahmani issued a directive on “strengthening domestic manufacturing of imported auto parts”.

Iran to save €85m in a year by indigenizing auto parts

22 July 2019 - 21:02
Iranian Deputy Industry, Mining and Trade Minister for Industrial Affairs Farshad Moqimi said the country’s car makers will soon sign deals worth $7.4 trillion rials (about €157.4 million) with domestic spare parts manufacturers, which will save the country €85 million in a year.

IMIDRO to inaugurate $3.5b of new projects by March 2020

20 July 2019 - 02:05
Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) plans to put projects worth nearly $3.5 billion into operation by the end of the current Iranian calendar year (ends on March 20, 2020), IRNA reported on Friday, quoting a senior official with the organization.

China – Holding of the Sino-French Industrial Cooperation Forum in Chongqing

19 July 2019 - 14:53
On July 5, 2019, the Vice Minister of MIIT, Xin Guobin, cochaired with the French Ministry of Economy and Finance, Thomas Courbe, the 7th Sino-French Industrial Cooperation Forum held in Chongqing.

Over $9b needed for completing semi-finished projects: industry min.

17 July 2019 - 20:19
Iranian Industry, Mining and Trade Minister Reza Rahmani said 390 trillion rials (nearly $9.3 billion) is required to finish unfinished projects with over 60 percent physical progress, Shata reported.

Iran to Earn $5bln by March from Energy Exports to Iraq

17 July 2019 - 19:58
Tehran will raise $5 billion revenues for its gas and electricity exports to neighboring Iraq by the end of the current local calendar year on March 20, 2020, said Secretary General of Iran-Iraq Joint Chamber of Commerce Seyed Hamid Hosseini on Tuesday.

Bangladesh: Importers Turn Active for Bulk Scrap Bookings

17 July 2019 - 12:09
In recent conversation with industry participants SteelMint learned that steel mills in Bangladesh have turned active for bulk bookings. It is learnt that 2 bulk cargos for ferrous scrap were booked recently from USA and Japan, to Bangladesh

Forecast for the global Foundry Industry

16 July 2019 - 14:48
Lower growth rates, geopolitical disturbances and risks

Launched! New AlCircle Report on “Red Mud (Bauxite Residue) Management: Storage & Valorisation”

16 July 2019 - 08:48
AlCircle has again come up with an informative report “Red Mud (Bauxite Residue) Management: Storage & Valorisation” to provide a comprehensive, in-depth study on red mud generation, processing, disposal/storage to various valorisation aspects including material extraction and usage in various end-applications.

Iran Allocates $2.4bln to Funding Small Enterprises

15 July 2019 - 22:52
Governor of the Central Bank of Iran Abdolnasser Hemmati said that Tehran is serious to support small and medium-sized enterprises (SMEs), adding that the government will fund SMEs with more than $2.4 billion by March 202
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