Building Materials
Building Machinery & Equipment
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.
22, data released by the Islamic Republic of Iran Customs Administration announced.
China with over $1.5 million was the main country from where the products were purchased, followed by Germany and Turkey, Young Journalists Club reported.
South Korea's LG Chemical has slashed operating rates at its 170,000 t/yr Daesan-based styrene monomer (SM) unit by 30pc since last week because of weaker demand and persistently negative production margins.
Adds upated case tally in paragraph 5; details of more flight cuts, steel plant closure in paragraphs 7-8
China's transport sector is continuing to resume operations amid signs the country's coronavirus outbreak is slowing. But activity remains significantly below normal levels.
Around 96pc of China's major steelmakers and about two thirds of the entire industry is operational, but smaller mills and electric-arc furnace (EAF) producers face acute disruptions amid the coronavirus outbreak, government and industry bodies said.
Severe logistical disruption and port congestion in China since the end of January has slashed the global availability of shipping containers, and many European exporters of non-ferrous scrap have warned of more delivery delays and further price increases in Asia-Pacific in the coming months.
Iran, and Pakistan signed a memorandum of understanding (MOU) for joint collaboration for the electronic exchange of information between the customs of the two countries, Tasnim news agency reported.