ECONOMY
Tiles & Ceramics
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’s exports to the neighboring country hit $305 million, while Turkmenistan’s exports to Iran stood at $7 million.
Speaking to IRNA, Rahmatollah Khormali said Iran was Turkmenistan’s 13th export destination during the 10 months.
According to Khormali, the main commodities exported to Turkmenistan from Iran included potatoes, apples, sugar, cement, plastic products, construction materials, tiles and ceramics.
South Africa iron ore exports down 21% in Feb'19: South African iron ore exports in Feb'19 recorded at 5.53 MnT, down 21% as against 7.05 MnT in Jan'19. As per sources, the exports dropped amidst Saldanha port maintenance in Feb'19.On yearly basis, the exports increased marginally as compared to 5.25 MnT in Feb'18.
Trade statistics released by Canada custom shows that the iron ore exports by the country recorded at 3.19 MnT in Jan'19. The exports dropped 7 month low in Jan'19, as it was last seen in Jun'18 at 2 MnT. The exports depicted fall of 35% as compared to Dec'18 exports at 4.9 MnT.
This week Indian HRC prices witnessed marginal increase in domestic market post recent hike by major Indian steel mills by INR 500-1000/MT in the beginning of this month.
SteelMint learned from industry participants that imported scrap trades in Bangladesh have remained slow as current prevailing offers in the market are comparatively high against buyers’ expectation and other subcontinental markets.
Kuwait will back an extension of OPEC-led production cuts beyond June if it's clear supply and demand factors warrant it, Haitham al-Ghais, Kuwait Petroleum Corp's manager for market research and the country's OPEC governor, said Wednesday.
Iron ore exports from India may hit 5 million tonnes (MnT) in Q1 FY20 on high demand for low grade from China, according to SteelMint analysis.