IME‘s quarterly trading statistics in spot market shows increase in metal and mineral products trading value in fall 2016.
Iran Mercantile Exchange quarterly newsletter shows total trading value of metal and mineral products in spot market increased from $690 million in fall 2015 to $1165 million in fall 2016.
Based on the report, first rank of trading value in metal and mineral products belonged to steel sector with 75 percent, copper(18%),aluminum (4%),molybdenum concentrates(1%),iron ore(1%) and other products(1%) were in next ranks respectively.
Total value of trading on export pit in fall 2016 was $214 million which witnessed increase from $201 million compared to fall 2015.
It’s worthy to say that 6.94 percent of trading on export was in iron ore sector.
Iran exported $561 million worth of tar in the first eight months of the current Iranian year (started on March 21, 2018) which marks a 16% growth in comparison with the corresponding period in the past year, said a Customs official.
The volume of non-oil goods exported from the ports of Hormozgan province of Iran has increased by 24% in the past 8 months, Director of Bandar Lengeh Ports and Maritime Directorate Ghasem Askarinasab said, adding that the ports have also accomplished more successes in other areas.
Brazil - world’s 2nd-largest Semi finished steel exporter, has exported about 641,097 MT slab in November 2018, recent released data by Brazilian customs reported.
As per recent updates received from sources, ‘Kanto Tetsugen’- monthly ferrous scrap export tender for Dec’18 concluded today (11th Dec) in the Kanto region in Japan. 20,000 MT H2 scrap was auctioned in the four winning bids presented with an average bid recorded at JPY 29,478/MT (USD 261), FAS in Dec’18.
According to China’s latest customs data, country’s stainless steel export have declined by 11.45% in Oct’18 month on month (M-o-M) basis to stand at 278,400 tonnes. In October, exports of most kinds of stainless steel products decreased while stainless strip exports increased to 18,700 tonnes, a surge of 16.37% M-o-M basis.
SteelMint learned in recent conversation with market participants that Pakistan steel market observes increasing traction finally.