NEWS
IRON and STEEL   Investment  

Austria OKs €1bn credit line for Iran steel project

Austria says it has allocated a credit line of €1 billion for a major steel production project in southern Iran.The announcement was made by the visiting Austrian Finance Minister, Hans Jörg Schelling, during a visit to Tehran.

Schelling was quoted by Iran’s IRNA news agency as telling his Iranian counterpart,Ali Tayyebniya, that the credit line was meant to help the expansion of relations between the two countries.

IRNA further quoted him as saying that Austria’s banks were eager to promote ties with Iran’s banks.For his part, Tayyebniya called on the Austria government to do more to help expand economic relations with Iran.
He emphasized that fighting money-laundering – as well as funds with suspicious origins – were central themes in the plans of Iran’s banking system.
Austria’s steel production investment plan in Iran involves the establishment of a plant with a capacity of 2.4mt per year in Gol-e-Gohar in Iran’s southern province of Kerman.To the same effect, Austria’s Voest Alpine has reportedly signed an agreement to team up with Iranian partners to establish a steel production plant in Gol-e-Gohar.
On a separate front, Iran’s Minister of Industry, Mine, and Trade, Mohammad-Reza Ne’matzadeh, told Schelling in a separate meeting that Iran expected Austria to adopt more hostile plans to expand trade relations between the two countries.
Ne’matzadeh emphasized that banking restrictions were the most important barriers that were obstructing the expansion of Iran-Austria relations.
The Iranian official further said companies from Iran and Austria were working over the production of low-consumption motors for automobiles.He expressed hope that an agreement that the relevant parties had signed over this last year would lead to industrial production by 2020.

News No: 1303
Date: 2017/09/13 - 20:19
News Source: mine & business today

Austria S  Steel  Gol-e-Gohar  Voest Alpine 

Comments:

Leave a Comment:

   
   
   
 

Emirates Steel sets new record in DRI production

Energiron DRI plant #2 reached 105% availability over the last 12 months
 

Great Opportunity in Recycling Investment

Recycling is a strategic industry, as it generates considerable value added and creates sustainable jobs. However, lack of investment has failed to realize its high potentials.
 

Iron ore price drops as Chinese steel begins to pile up

The Northern China import price of 62% Fe content ore slumped on Friday as the country's steelmakers stoke production ahead of mandated cuts going into winter which could result in a sudden drop-off in iron ore demand.
 

India's JSW Steel aims to to increase own iron ore production

JSW Steel Ltd, India's biggest local steelmaker, aims to be producing 80 percent of the iron ore needed for its flagship plant in south India in three years time as it seeks to cut costs, a senior executive said.
 

Evraz ZSMK to improve VD performances by Danieli technological packages

Q-TEMP VD will increase vacuum-degassing flexibility and process control
 

Mineral Exports Rise as Import Volume Declines

Iran exported more than 26.44 million tons of mineral products worth over $3.62 billion during the first five months of the current Iranian year (started March 21), registering a 5.3% and 1.1% growth in tonnage and value respectively compared with last year's corresponding period.
Upcoming Events
Find a Job !
Tenders
Publications
 Mines & Metals

Mine & Business Today

 Scrap & Recycling

Ahangan

Our partners