NEWS
Mercantile Exchange  

IME’s Trade Value of Metal and Mineral Commodities, Up 21%

Trade value of Metal and Mineral commodities in Iran Mercantile Exchange during last Iranian year(ended 20 March2017) indicating a 21.6% growth compared to the same period of the previous year, IME announced in its Quarterly newsletter(Spring 2017).

The metal and mining trading floor within the period witnessed trading to more than 9 million tonnes of commodities worth more than 155,000 billion Rials, compared to the same period last year, experiencing over 21.6% of growth in terms of trade value.

Over this period, on Metal and Mineral trading floor, different groups of products including iron ore, aluminum, steel, zinc ingot, gold bullion, copper, cement, precious metals concentrates, molybdenum sulfur and metallurgical coke were traded.

On the steel group, more than 6 million and 968,000 tonnes of commodities with over 117,000 billion Rials trade value were traded and compared to the same period of the previous year experienced growth of 4.2 percent and 27% in trade volume and value, respectively.

Furthermore, on this trading floor, over 111thousand tonnes of aluminum, one thousand and 490 tonnes zinc ingot, 261 thousand tonnes of copper, 126 tonnes of precious metals concentrates, 6thousand and 40 tonnes of molybdenum sulfur, 8 thousand and 500 tonnes of metallurgical coke, 2 million and 30 thousand tonnes of iron ore and 5 thousand and 500 tonnes of cement were traded.

Also, 620 kg of gold bullion were traded on the same trading floor which compared to last year experienced growth of 3% and 19% in trade volume and value, respectively.

News No: 1221
Date: 2017/08/27 - 14:00
News Source: imidro

IMIDRO  metal & mining  Commodities  Iran Mercantile Exchange  steel 

Comments:

Leave a Comment:

   
   
   
 

Chinese Steel Market Highlights - Week 10, 2019

This week Chinese steel market remained abuzz with news over reduction of VAT and Tangshan pollution alerts. HRC and rebar export offers moved up over active buying. Billet export offers also inched up this week. Coking coal offers inched up over resumption in buying from China.
 

Global Ferrous Scrap Market Overview - Week 10, 2019

Major ferrous scrap markets exhibited an upward trend except for China. Prices moved up slowly amid positive sentiments in suppliers’ side and anticipation of a recovery in March demand in the near terms.
 

Indian Steel Market Weekly Snapshot

In the 1st week of March 2019 (2-9th Mar), Indian domestic trade activities were subdued. The mid sized mills reported mix response from domestic buyers over uncertainty in the market.
 

India: SAIL's Pig iron Auction Receives Poor Response

Steel Authority of India Ltd (SAIL) - India's largest steel maker conducted e-auction for 10,550 MT Steel grade Pig iron today from its Rourkela Steel plant (RSP) based in eastern India.
 

Kashan Amir Kabir Steel Co. joined the five companies in the Iranian Superior Knowledge Organization

Me-Metals – In the seventh ceremony of the world prize of the Asian Superior Knowledge Organization and after the evaluation by the international experts of the MAKE world prize, Kashan Amir Kabir Steel Co. succeeded to join the country’s Superior Knowledge Organization and became one of the reputable brands in the world.
 

Production of Jajarm’s First Aluminum Ingot

First Aluminum ingot of Jajarm Aluminum Plant produced, Chairman of the board of IMIDRO announced.
Upcoming Events
Publications
 Mines & Metals

Mine & Business Today

 Scrap & Recycling

Ahangan

Our partners