The 13th Iran International Auto Parts Exhibition opened on Monday in Tehran.Held at Tehran International Fairground, this year’s event brings together 191 foreign and 526 local automotive firms.
The number of foreign companies has declined sharply compared to last year when more than 540 foreign companies and exhibitors attended.
Parts makers from China, India, Taiwan, South Korea, France, Poland, and Turkey are seen in this year’s event.
Industries Minister Reza Rahmani and Mansour Moazemi, director of the Industrial Development and Renovation Organization, along with managers of major local auto companies and part manufacturing firms attended the opening ceremony.
Industrial metals came under renewed pressure on Tuesday after a defiant speech from China's president Xi Jinping diminished hopes of an early settlement in the top commodity importer’s intensifying trade dispute with the US.
Chinese Deputy Foreign Minister Zhang Jun underlined the importance of his country's relations with Iran, specially in trade and economic fields, and Beijing's determination to continue bilateral ties in any conditions.
Steel Authority of India Ltd (SAIL) - state owned Indian steel maker conducted auction for Steel grade Pig iron today for sale of about 8,400 MT Pig iron from its Rourkela Steel plant (RSP) based in eastern India.
Head of Iran-China Joint Chamber of Commerce said the banking transactions between Tehran and Beijing have not been still restarted due to a series of outstanding obstacles.
Unipec, the trading arm of Chinese state oil major Sinopec and China’s largest buyer of US crude oil until recently, is set to resume purchases from the United States “very soon,” and volumes are likely to be significant, a senior Unipec executive told S&P Global Platts on Saturday.
Sponge iron export offers to Bangladesh fell slightly by USD 5/MT in recent trades on account of stronger rupee against US dollar & less trades on slump in global scrap prices.