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 exported urea, bitumen, float glass and plaster to Nepal during the 12-month period, but no imports were made from Nepal to Iran during the period.
In the beginning of this week imported HRC offers to Vietnam reported decline as buyers are expecting further downside in prices over volatility in Chinese prices and lower export offers from India amid weakening domestic prices.
Australia - world's largest iron ore exporter has recorded fall in iron ore shipment in July’19, according to the vessel line up data maintained with SteelMint. Australia's iron ore export shipments recorded at 71.03 MnT in July'19, down 7% as compared to 76.31 MnT in June’19.
Indian iron ore export volumes for July’19 stood at 2.13 MnT, up 19% as against 1.79 MnT in June’19. On yearly basis, exports increased significantly compared to July’18 at 0.17 MnT.
Non-oil exports from Pars Special Economic Energy Zone (PSEEZ) in Iran’s southwestern port city of Assaluyeh reached 17.8 billion tons since the past Iranian calendar month of Shahrivar (started August 23, 2018), up to date, registering a two-percent rise compared to the same period in the preceding year.
Head of the Trade Promotion Organization (TPO) of Iran has said the country’s non-oil exports rose by 45 percent in terms of weight during the first three months of the current Iranian calendar year (March 21-June 21) compared to the same period last year.
The European Commission's proposed revisions to the hot-rolled coil (HRC) import safeguard quota could see Indian steelmakers and Russia's Severstal ramp up exports to the bloc.