NEWS
IRON and STEEL
 

Gill Schmid unveils its latest 80 metre superyacht concept featuring steel hull and aluminium superstructure

13 October 2019 Time: 19:34
According to a recent report, New York-based studio Gill Schmid has released the initial details of its latest superyacht concept, an 80 meter hybrid explorer. It is a hybrid between functional explorer and luxurious superyacht, said the studio.
 

Shagang raises construction steel prices

11 October 2019 Time: 19:23
Chinese steel producer Jiangsu Shagang has raised its rebar ex-works prices by 30 yuan/t ($4.20/t) for mid-October deliveries in response to solid rebar demand during the high season.
 

EU HDG market contemplates safeguard loophole

11 October 2019 Time: 19:17
There is talk in the European hot-dip galvanised (HDG) market about a potential loophole created by the European Commission's latest review of its definitive steel safeguard.
NON-FERROUS
 

Gill Schmid unveils its latest 80 metre superyacht concept featuring steel hull and aluminium superstructure

13 October 2019 Time: 19:34
According to a recent report, New York-based studio Gill Schmid has released the initial details of its latest superyacht concept, an 80 meter hybrid explorer. It is a hybrid between functional explorer and luxurious superyacht, said the studio.
 

China to reclassify high-purity scrap metal

11 October 2019 Time: 19:06
The Chinese government plans to overhaul the categorisation of high-purity scrap metal as raw material as part of its strategy to accelerate the development of its domestic recycling industry.
 

Vitasoy launches a pilot scheme to recycle paper, polythene and aluminium of Tetra Pak cartons

11 October 2019 Time: 18:48
Hong Kong-based drinks giant Vitasoy has reportedly launched a pilot scheme on Tuesday, October 8, to recycle Tetra Pak cartons that need specialist recycling for having aluminium, polythene and paper layers. The pilot scheme includes recycling bins, workshops, and a mobile education centre, in partnership with Secure Information Disposal Services (SSID), which operates a waste management plant in the city’s Yuen Long district.
 

China to reclassify high-purity scrap metal

11 October 2019 Time: 19:06
The Chinese government plans to overhaul the categorisation of high-purity scrap metal as raw material as part of its strategy to accelerate the development of its domestic recycling industry.
 

Vedanta seeks approval to repair ‘crumbling’ copper smelter

5 October 2019 Time: 21:20
Vedanta Ltd. sought approval from the administration of the southern Indian state of Tamil Nadu to repair its copper smelter as the plant is “crumbling” after being ordered to remain shut for more than a year.
 

Chilean miner Mantos Copper secures $250m to finance concentrator expansion

5 September 2019 Time: 20:15
Private Chilean copper producer Mantos Copper has secured $250 million to fund the expansion of the sulphides concentrator at its Mantos Blancos operation, which will extend the life of the open-pit mine until 2035 and reduce costs.
 

Zinc sentiment staring into the bear pit

3 September 2019 Time: 16:00
Where are zinc prices headed? It’s a question that brings distinctly different opinions and forecasts from the bullish and bearish camps.
 

Copper price bears “overlooking decent fundamentals”

24 August 2019 Time: 17:52
The price of copper came under pressure again on Thursday amid worries about a global economic slowdown, particularly in manufacturing, vital to overall demand for the bellwether metal.
 

Glencore could do for cobalt what it did for zinc – double the price

21 August 2019 Time: 21:08
The price of cobalt is up 18% over the last two weeks after Glencore announced it is halting operations at its Mutanda copper-cobalt mine in the Congo – until at least 2021.
 

CHART: Gold price suffers biggest fall in six years

6 September 2019 Time: 19:44
The gold price plunged in early morning trade on Thursday, in one of the worst trading sessions in dollar terms in gold market history.
 

Eldorado finds first Canadian mine may be richer than thought

5 September 2019 Time: 20:12
Canadian bullion producer Eldorado Gold (TSX:ELD)(NYSE:EGO) said on Thursday that exploration carried out at its Quebec’s Lamaque mine so far this year revealed high grade mineralization beyond the 2018 resource model in the lower portion of the deposit, as well as more ore clusters.
 

Greece grants Eldorado permits for gold project

4 September 2019 Time: 19:25
Eldorado Gold (NYSE: EGO) confirmed on Tuesday that it has recieved installation permits for its Skouries project and its Olympias mine from the Greek Ministry of Energy and Environment.
 

Indonesia weighs on bauxite royalty rule changes on increased output from West Kalimantan

11 October 2019 Time: 18:29
Indonesian government is weighing on the proposal of the bauxite-rich province of West Kalimantan for change in royalty rules after the recent increase in bauxite production.
 

Australia's lithium sector consolidates in weak market

9 October 2019 Time: 17:48
Australia's rapidly growing lithium industry has entered a much-needed consolidation phase brought about by sharply weaker concentrate prices and bottlenecks in the mainly Chinese downstream chemical conversion industry.
 

India: Silico Manganese Prices Falls to its Lowest in 2 Years

23 September 2019 Time: 15:21
Indian Silico Manganese prices fell in both the domestic and export market for the eighth straight week. In the domestic market, buyers are negotiating for lower prices but producers are trying to hold on after having had to continuously lower their prices to significantly low levels.
MINERALS
 

India's Odisha starts auction of iron ore mines

9 October 2019 Time: 17:53
India's eastern state of Odisha has put one of the country's largest iron ore blocks up for auction, as the state begins the process of finding new owners for several mining leases that will expire on 31 March next year.
 

Vale to launch new iron ore product in Q1 2020

5 October 2019 Time: 21:49
Brazilian iron ore miner Vale SA said on Thursday it will start supplying a new iron ore product ‘GF88’, hematite or ground fines used for pelletizing, in the first quarter of 2020.
 

ArcelorMittal to review Canada, Brazil iron assets

5 October 2019 Time: 21:42
ArcelorMittal is evaluating a potential sale of some of its iron ore operations, as the world’s biggest steelmaker seeks to cut debt by divesting non-core businesses, people familiar with the matter said.
 

Industries Ministry Reviews 12 Mineral Products

9 October 2019 Time: 20:37
The Ministry of Industries, Mining and Trade's review of 12 minerals during the first five months of the current Iranian year (March 21-Aug. 22) shows eight witnessed year-on-year growth while the other 4 saw declines.
 

QCoal beats XCoal in Bounty coal offtake battle

9 October 2019 Time: 18:41
Australian privately owned coal mining firm QCoal has won control of the finances and future offtake arrangements for Australian coking coal firm Bounty Mining from US coal producer XCoal and its affiliate Amaroo.
 

India imports more coking coal through state ports

9 October 2019 Time: 17:50
Indian coking coal imports moving through 12 key state-controlled ports totalled 29.3mn t in the first six months of the 2019-20 fiscal year starting 1 April, an increase of 15pc from a year earlier despite weakness in the steel sector.
 

FCB Horomill®: 25-year history told by Buzzi Unicem

15 February 2019 Time: 19:48
In the February issue of International Cement Review, Buzzi Unicem reviews its cooperation with Fives in the development of the FCB Horomill® technology.
 

RMA cementing alliances in northwestern BC

31 January 2019 Time: 17:28
A partnership of First Nations, exploration companies and provincial government representatives is working well, as the three groups collaborate to progress mineral exploration and mining in northwest British Columbia.
 

REFRAJET® Addmix: An innovative injection system

27 November 2017 Time: 14:29
The REFRAJET® Addmix technology is an innovative injection system that was developed specifically for the installation of cement-free sol-gel bonded refractory concretes of the REFRAJET® Nanobond type.
 

thyssenkrupp Rasselstein has 48-year old tandem cold mill modernized by SMS group

5 October 2019 Time: 23:47
In March 2019, thyssenkrupp Rasselstein GmbH has awarded SMS group an order covering the modernization of the oil application system of the tandem cold mill No. 2.
 

High-Speed Wirerod Mill Finishing End Commissioned at Fujan Tsingtuo, China

29 August 2019 Time: 13:25
The state-of-the-art finishing equipment for two wirerod rolling mills was successfully started up, including a 10-pass fast-finishing block characterized by easy ring changing, extreme rigidity, minimum vibrations, high-speed design and high-rolling quality.
 

HDGL#2 commissioned at Hoa Phat, Vietnam

29 July 2019 Time: 20:53
Danieli and Hoa Phat Steel Sheet successfully produced the first coil from Hot Dip Galvanizing Line #2 at the Pho Noi A facility.
 

Iran Records 18% Industrial, Mining Growth in H1

12 October 2019 Time: 18:54
Iran's industrial and mining sector experienced 18% growth in the first six months of the current Iranian year (started March 21) compared with the preceding year's corresponding period, says Industries, Mining and Trade Minister Reza Rahmani.
 

Industries Ministry Reviews 12 Mineral Products

9 October 2019 Time: 20:37
The Ministry of Industries, Mining and Trade's review of 12 minerals during the first five months of the current Iranian year (March 21-Aug. 22) shows eight witnessed year-on-year growth while the other 4 saw declines.
 

QCoal beats XCoal in Bounty coal offtake battle

9 October 2019 Time: 18:41
Australian privately owned coal mining firm QCoal has won control of the finances and future offtake arrangements for Australian coking coal firm Bounty Mining from US coal producer XCoal and its affiliate Amaroo.
Auto
 

Tehran, Baku Expanding Automotive Ties

5 October 2019 Time: 15:31
Azerbaijan's ambassador to Iran met with Tabriz Chamber of Commerce officials and called for expansion of collaborations in the field of automotive industries.
 

GM expands sale of its two-seat full electric vehicle Baojun E200 for customers across China in September

4 October 2019 Time: 14:42
General Motors launched its two-seat full electric vehicle for customers across China last month under SAIC-GM-Wuling Automobile, General Motors’ light-vehicle partnership with SAIC Motor Corp. The micro EV, the Baojun-badged E200, offers two variants at prices of RMB 54,800 ($7,697) and RMB 64,800 after government subsidies.
 

Webasto begins battery production at its Schierling site for electric vehicles

1 October 2019 Time: 14:20
Headquartered in Stockdorf, Germany, the automotive supplier Webasto has reportedly begun the production of battery packs at its Schierling site, Regensburg district, for electric vehicles of a European bus manufacturer.
ECONOMY
 

Commodities worth $710m traded at IME in a week

5 October 2019 Time: 22:56
During the weekdays ended on October 3, while 555,517 tons of commodities worth over $710 million were traded at Iran Mercantile Exchange, the trading volume and value experienced a growth of 20 percent and 32 percent, respectively.
 

Over $666m worth of commodities traded at IME in a week

1 September 2019 Time: 13:20
During weekdays ending up to August 29, while 680.291 million tons (MT) of commodities worth over $666 million were traded at Iran Mercantile Exchange (IME), the trading volume and value experienced a growth of 169 percent and 81 percent, respectively.
 

Commodities worth $309m traded at IME in a week

29 July 2019 Time: 21:07
During weekdays ending up to July 25, approximately, 258.145 million tons (MT) of commodities worth over $309 million were traded at Iran Mercantile Exchange (IME).
 

Oil offering at IRENEX facing challenges, but will definitely continue

5 October 2019 Time: 23:35
The national budget law for the current Iranian calendar year (started on March 21) obliges the Oil Ministry to offer at least two million barrels of light crude oil, two million barrels of heavy crude oil and two million barrels of gas condensate at the international ring of Iran Energy Exchange (IRENEX) every month.
 

Value of trades at Iran’s stock market exceeds $95b

2 October 2019 Time: 22:35
The value of trades at Iran’s four stock exchanges has reached four quadrillion rials (about $95.238 billion) since the beginning of current Iranian calendar year (March 21), Amir Hamooni, the managing director of Iran's over-the-counter (OTC) exchange market, known as Iran Fara Bourse (IFB), announced in a TV program on Sunday night, IRIB reported.
 

Over 62,000 tons of LPG sold at IRENEX to foreign buyers

4 September 2019 Time: 18:00
Some 71,000 tons of liquefied petroleum gas (LPG) was offered at the international ring of Iran Energy Exchange (IRENEX) on Monday of which over 62,000 tons was sold to foreign buyers, IRNA reported.
 

China to auction Fanya Ga, Ge, Se, Te stocks

11 October 2019 Time: 19:14
The Yunnan government in China will auction stocks of gallium, germanium, selenium and tellurium held by the bankrupt Fanya metal exchange (FME) on 27 October.
 

Over $309m of state-run shares divested in H1

5 October 2019 Time: 22:54
Iranian Privatization Organization (IPO) has offered just 13 billion rials (about $309.5 million) of state-run shares to the private sector during the first half of the current Iranian calendar year (March 21-September 22), IRIB reported.
 

TEDPIX rises 4% in a week

5 October 2019 Time: 22:40
TEDPIX, the main index of Tehran Stock Exchange (TSE), has risen 11,708 points, or four percent, to 326,117 during the five working days of the past Iranian calendar week (Saturday to Wednesday) which was the second week of the seventh Iranian calendar month of Mehr, IRNA reported.
 

Singapore delivered bunker premiums hit record high

28 August 2019 Time: 19:46
A shortage of bunker fuel and barges in Singapore has sent delivered premiums for 380cst high-sulphur fuel oil (HSFO) to record highs.
 

Startups Enter Insurance Industry

28 July 2019 Time: 21:23
Insurance industry plans to allow startups to handle 10% of Iran’s insurance market in the current fiscal year that started on March 21, said the head of Central Insurance company of Iran.
 

Official: Iran’s Insurance Industry Unaffected by Sanctions

5 December 2018 Time: 20:14
Director of the Central Insurance of Iran said the country’s insurance industry has successfully avoided being affected by the anti-Iran sanctions.
 

Sen. Ron Wyden questions the relationship between the Kentucky aluminium mill and lifting of sanction on Rusal

11 October 2019 Time: 18:40
Sen. Ron Wyden has questioned the relationship between the Kentucky aluminium mill and the previously sanctioned Russian aluminium company Rusal. He addressed a letter to Craig Bouchard, CEO of Braidy Industries and questioned whether Braidy Industries had established a relationship with Rusal before the removal of U.S. sanctions against the company.
 

Minister: US Attempts to Isolate Iran Futile

10 October 2019 Time: 20:54
Iranian Minister of Industry, Mine and Trade Reza Rahmani stressed that Washington's attempts to isolate the country have all proved useless, referring to Iran's temporary membership in the Eurasian Union.
 

Iran’s Flag Carrier Announces Yearly Operating Profit

6 October 2019 Time: 16:10
Iran’s Deputy Transportation Minister Shahram Adamnejad announced that the country’s largest airline IranAir has posted an operating profit for the last local calendar year ending on March 20, 2019, highlighting that the achievement was made despite all US sanctions against the country’s aviation industry.
 

Iran’s Top Banker: No Problem in Importing Food, Medicine

12 October 2019 Time: 19:06
The Governor of the Central Bank of Iran said the import of foodstuff and medicine into the country has not run into trouble despite the US sanctions.
 

President Rouhani: US, Allies Witnessing Failure of Maximum Pressure Policy against Iran

8 October 2019 Time: 20:02
Iranian President Hassan Rouhani said Washington has now come to realize that its policy of maximum pressure on Tehran has failed, and stressed the need for officials to continue resistance.
 

11 Iranian PSPs Among Global Acquirers

7 October 2019 Time: 19:12
Eleven Iranian payment service provider companies are among the world’s top 150 acquirers, according to the latest report by Nilson Report Magazine, a journal specializing in payment industry news and statistics.
 

Bahrain's Alba raising $1.5 billion in bank debt -sources

5 September 2019 Time: 14:31
Aluminium Bahrain (Alba) , owner of one of the world’s largest aluminium smelters, is raising $1.5 billion in bank debt to refinance loans it obtained in 2016 to back its Line 6 expansion project, two sources familiar with the matter said.
 

$1.6b allocated for modernizing transportation fleet

3 September 2019 Time: 17:29
Iranian deputy transport minister said National Development Fund (NDF) of Iran has allocated $1.6 billion for renovating the country’s transportation fleet, IRIB reported on Tuesday.
 

Why Chinese overseas investment growth is set to slow further

22 August 2019 Time: 23:49
China’s overseas investment growth will likely slow or even decline in the next few years, as geopolitical and economic risks around the world increase, according to credit rating agency, Moody’s Investors Service.
 

Iran to Further Solidify Economic Infrastructures against Foreign Plots

28 July 2019 Time: 22:16
Iran will undertake a new measure to contain foreign-backed shocks against its economy with operationalizing the long-anticipated initiative of Integrated Currency Market by mid-August, in a bid to strengthen its economic system in the face of foreign interventions.
 

Iran Railroad Expansion: Accomplishments, Grand Plans

18 April 2018 Time: 17:13
In the last few years, Iran has demonstrated its strong political will to reemerge as a regional transportation hub.
 

Chinese Company to Supply 630 Cars for Tehran Subway

14 March 2018 Time: 22:45
China Railway Rolling Stock Corporation Changchun Railway Company (CRRC CRC) and Tehran Wagon Company have won the tender to build and supply 630 cars for Tehran’s Subway on Wednesday.
 

Tehran, Beijing Confer on Expansion of Customs, Trade Ties

10 October 2019 Time: 20:51
High-ranking Iranian and Chinese officials in a meeting in Tehran reviewed avenues to further broaden relations between the two countries in customs and trade fields.
 

Iran's Non-Oil Exports Exceeds $60bln in 18 Months

8 October 2019 Time: 20:09
Iran exported more than $60 billion worth of non-oil goods during the past one and a half years, Iran's Economy Minister Farhad Dejpasand said.
 

Iran’s industrial, mineral exports grow by more than 19%

5 October 2019 Time: 23:40
Iran’s industrial and mineral exports have been $33.757 billion in last Iranian fiscal year (started March 21, 2018), growing by more than 19% compared to five years before, according to Planning and Budget Organization statistics.
 

Senior Official Underlines Need for Boosting Iran-Syria Trade Cooperation

13 October 2019 Time: 19:15
A senior Iranian trade official said that the economic exchanges between Tehran and Damascus can grow 10 fold given the two countries' potentials and friendly ties.
 

Iran Boosting Maritime Transport despite US Sanctions: Official

12 October 2019 Time: 19:10
CEO of Iran’s Ports and Maritime Organization (PMO) Mohammad Rastad highlighted the failure of the US sanctions against the country and said despite the economic pressures, the Islamic Republic’s maritime transport is progressing well.
 

Iran’s Top Banker: No Problem in Importing Food, Medicine

12 October 2019 Time: 19:06
The Governor of the Central Bank of Iran said the import of foodstuff and medicine into the country has not run into trouble despite the US sanctions.
GEOLOGY
 

Old Nakhlak has become young!

25 May 2019 Time: 11:47
Me-Metals: Behrouz Borna; member of Iran Minerals Production and Supply Company (IMPASCO) board of directors said: Regarding high attention of IMPASCO to the exploration sectors and extensive exploration operations in some parts of country, we have been able to convert Lead mine of Nakhlak which didn’t have harvestable resources before and had been changed to old Nakhlak, to young Nakhlak through exploring new resources.
 

India: Karnataka Govt Invites Bid for 4 Iron Ore Blocks

22 May 2019 Time: 12:51
Department of Mines and Geology (Govt. of Karnataka) has floated the tender for auctioning of 4 iron ore blocks in Karnataka for its 4th phase.
 

Old Nakhlak has become young!

29 April 2019 Time: 12:34
ME-METALS – Behrouz Borna; member of Iran Minerals Production and Supply Company (IMPASCO) board of directors said: regarding high attention of IMPASCO to exploration sectors and extensive exploration operations in some parts of the country, we have been able to convert Lead mine of Nakhlak which didn’t have harvestable resources before and had been changed to old Nakhlak, to young Nakhlak through exploring new resources.
ENVIRONMENT
 

Iranian Delegation to Visit China’s Hi-Tech Fair

11 October 2019 Time: 18:57
An Iranian delegation is planning to visit China’s Hi-Tech Fair, also known as CHTF 2019, from Nov. 10-14 in Shenzhen to expand bilateral ties and collaborations with innovative and knowledge-based companies and startups in the host country.
 

Shell Pakistan introduces aluminium tank Lorries for fuel distribution

11 October 2019 Time: 18:43
In a bid to bringing in some innovation to Pakistan’s energy industry, Shell Pakistan Limited (SPL) has recently introduced aluminium tank Lorries, which will distribute fuel across Pakistan’s improved road network to Shell’s customers.
 

Iran to Observe All Environmental Standards in Building 2 Pet-Chem Plants in Caspian Sea

6 October 2019 Time: 16:02
Iranian Oil Minister Bijan Namdar Zanganeh said that his country is going to set up 2 petrochemical plants in the Northern provinces of the country near the Caspian Sea, adding that the new installations will be 100% eco-friendly and in full compliance with all environmental standards.
ENERGY
 

Official Confirms Discovery of New Major Gas Field in Southern Iran

13 October 2019 Time: 19:04
The deputy head of the National Iranian Oil Company (NIOC) announced that a massive gas field has been discovered south of the country.
 

Official: Leakage from Targeted Iranian Tanker Halted

12 October 2019 Time: 19:23
Head of the National Iranian Tanker Company (NITC) Nasrollah Sardashti announced that leakage of oil from the tanker which was hit by two explosions in the Red Sea on Friday has completely stopped, adding that the vessel will arrive in Iranian waters in 10 days.
 

Oil Producers, Refiners Face Surging Global Freight Rates

12 October 2019 Time: 18:21
Rates to charter oil tankers from the Persian Gulf, United Kingdom and the US Gulf Coast to Asia surged to fresh highs on Friday as global oil traders grappled with a tanker shortage in the aftermath of US sanctions on units of Chinese giant COSCO.
 

Official: Modifying Gas Turbines to Save €480mln for Iran

13 October 2019 Time: 19:18
Deputy Head of Niroo Research Institute (NRI) for Technology Affairs Seyed Mohsen Marjanmehr said that a large amount of money will be saved for the country in case of changing the gas turbines.
 

Official Confirms Discovery of New Major Gas Field in Southern Iran

13 October 2019 Time: 19:04
The deputy head of the National Iranian Oil Company (NIOC) announced that a massive gas field has been discovered south of the country.
 

Official: Leakage from Targeted Iranian Tanker Halted

12 October 2019 Time: 19:23
Head of the National Iranian Tanker Company (NITC) Nasrollah Sardashti announced that leakage of oil from the tanker which was hit by two explosions in the Red Sea on Friday has completely stopped, adding that the vessel will arrive in Iranian waters in 10 days.
 

Iran to build petchem complexes, refineries in Jask port

5 October 2019 Time: 22:28
Iranian Oil Minister Bijan Namdar Zanganeh said the country is planning to build petrochemical complexes as well as refineries in Jask Port in southern Iran.
 

Black & Veatch to supervise the development of an alumina refinery for PT Borneo Alumina Indonesia

4 October 2019 Time: 12:41
According to a recent report, Black & Veatch-led project management consortium (PMC) has been appointed by PT Borneo Alumina Indonesia to manage the development of an alumina refinery in West Kalimantan.
 

Saudi Arabia Loses Spot as Japan's Top Supplier in August

1 October 2019 Time: 15:23
Saudi Arabia lost its position as the largest crude oil supplier to Japan in August as relatively expensive heavy-end crude grades prompted refiners to seek lighter Abu Dhabi crudes during the trading cycle.
 

Iranian tanker incident unnerves Asia petchem traders

11 October 2019 Time: 19:18
Iran's state-owned shipping company NITC has reported an incident involving one of its crude tankers in the Red Sea, further unnerving Asian petrochemical traders and distributors.
 

Iran Plans to Enhance Petchem Diversity by 2025

6 October 2019 Time: 16:34
The diversity of petrochemicals produced in Iran is expected to be enhanced by 2025 as the country is planning to realize the sector’s second and third leaps by 2025.
 

NISOC Ready to Maximize Oil Output

6 October 2019 Time: 16:28
The CEO of the National Iranian South Oil Company (NISOC) said the company was prepared to bring its oil production to maximum in the shortest time possible.
 

220 water, electricity projects to be inaugurated by March 2020

5 October 2019 Time: 22:47
Iranian Energy Minister Reza Ardakanian said on Thursday that 220 major water and electricity projects will be inaugurated in the country by the end of the current Iranian calendar year (March 19, 2020), Mehr news agency reported.
 

Iran’s largest mobile power plant unveiled

5 October 2019 Time: 22:32
The Passive Defense and Disaster Management Office of Iran’s National Water and Wastewater Company unveiled the country’s largest mobile power plant which is going to be used in sensitive water infrastructure in emergency situations like flood and earthquake.
 

Access to water one of miners’ biggest challenges ahead

5 October 2019 Time: 21:11
Stricter environmental regulations and changing climate patterns resulting in the worst droughts in more than half a century have multiplied the mining industry’s challenges to secure water supplies, Moody’s Investors Service says in a new report.
 

EU HRC: Prices falling but some sense a bottom

11 October 2019 Time: 19:08
Excessive destocking continues to weigh on apparent demand in the European coil markets, with buyers nursing their inventories and postponing procurement for as long as possible.
 

No Change in Power Tariffs Despite Scrapping Paper Billing

9 October 2019 Time: 20:34
There has been no rise in electricity tariffs despite the elimination of paper billing, the Energy Minister said in Tehran on Tuesday.
 

220 water, electricity projects to be inaugurated by March 2020

5 October 2019 Time: 22:47
Iranian Energy Minister Reza Ardakanian said on Thursday that 220 major water and electricity projects will be inaugurated in the country by the end of the current Iranian calendar year (March 19, 2020), Mehr news agency reported.
 

Iran’s Stockpile of Enriched Uranium, Number of Centrifuges Growing: Official

10 October 2019 Time: 20:41
The growing stockpile of enriched uranium in Iran and the increasing number of its centrifuge machines have upset Western plans for halting Iran’s nuclear progress, spokesperson for the Atomic Energy Organization of Iran (AEOI) said.
 

Ayatollah Khamenei: Nukes Absolutely Forbidden in Islam

9 October 2019 Time: 20:46
Leader of the Islamic Revolution Ayatollah Seyed Ali Khamenei underscored that producing and stockpiling nuclear weapons is absolutely forbidden in Iran according to the rules of Islam.
 

Iran to Operate New Section of Arak Heavy Water Reactor in Weeks

8 October 2019 Time: 19:57
The secondary part of Iran’s Arak heavy water reactor will become operational within the next few weeks, Head of the Atomic Energy Organization of Iran (AEOI) Ali Akbar Salehi said.
 

Demand for battery metals, renewables fuelling human rights abuse — report

5 September 2019 Time: 20:17
Most of the world’s top companies mining for lithium, cobalt and other minerals used in the making of electric vehicles’ (EVs) batteries, solar panels and other green technologies have been linked to alleged human rights abuses since 2010, a new report claims.
 

BHP investors file resolution to cut funding for Australian coal lobby groups

4 September 2019 Time: 19:30
Several BHP Group shareholders, including the Church of England pension fund, are recommending the company suspend its membership in industry groups that advocate for policies inconsistent with the Paris climate change agreement.
 

14 renewable power plants go operational across Iran

27 August 2019 Time: 22:42
Head of Iran’s Renewable Energy and Energy Efficiency Organization (known as SATBA) said 14 new renewable power plants started operation in nine different provinces during the Government Week, IRIB reported.
 

Danish Firm Will Join Japan Offshore Wind Projects

21 January 2019 Time: 15:31
Tokyo Electric Power Company Holdings has signed a memorandum of understanding with Danish energy business Orsted to work together on offshore wind projects.
 

Sportswear Giant Signs Second Wind Power Deal

21 January 2018 Time: 23:24
Sportswear giant Nike has signed its second major wind power agreement with Avangrid Renewables. The deal is for 86 megawatts of wind power from the Karankawa Wind Farm in Bee and San Patricio counties in Texas.
 

Google to Meet All Energy Needs From Clean Power

2 December 2017 Time: 12:55
Google, the biggest corporate buyer of renewable energy, is buying even more—536 megawatts of wind power from four power plants.
 

Iran’s largest mobile power plant unveiled

5 October 2019 Time: 22:32
The Passive Defense and Disaster Management Office of Iran’s National Water and Wastewater Company unveiled the country’s largest mobile power plant which is going to be used in sensitive water infrastructure in emergency situations like flood and earthquake.
 

Washington's plots and threats not to scare away Iranian oil buyers

27 August 2019 Time: 22:48
Nearly 10 days after the release of Iranian super tanker Grace 1 by the Gibraltar court, despite all the U.S. warnings that anyone dealing with the Iranian oil tanker would face sanctions, Iran announced that the supertanker’s 2 million-barrel cargo has been sold and the vessel is heading to a destination determined by the buyer.
 

NIDC digs 124 oil, gas wells in a year

26 August 2019 Time: 22:29
National Iranian Drilling Company (NIDC) has dug 124 oil and gas wells across the country during the past year, Shana reported quoting the managing director of the company as saying on Sunday.
 

Shell Pakistan introduces aluminium tank Lorries for fuel distribution

11 October 2019 Time: 18:43
In a bid to bringing in some innovation to Pakistan’s energy industry, Shell Pakistan Limited (SPL) has recently introduced aluminium tank Lorries, which will distribute fuel across Pakistan’s improved road network to Shell’s customers.
 

AEOI Says Reducing Iran JCPOA Commitments

3 October 2019 Time: 15:45
The Atomic Energy Organization of Iran (AEOI) gave an assurance that it would continue to scale back the country’s commitments under the 2015 nuclear deal in compliance with Leader of the Islamic Revolution Ayatollah Seyed Ali Khamenei’s guidelines.
 

Global energy market should be depoliticized: Zanganeh

2 October 2019 Time: 22:38
Iranian Oil Minister Bijan Namdar Zanganeh said the global energy sector should be depoliticized and politically-motivated interferences should be substituted by economic logic, multilateralism, partnership and cooperation, Shana reported.
Transportation
 

Tehran's IKIA Handles Over 760K Passengers in 1 Month

14 October 2019 Time: 23:58
A total of 761,170 passengers were transported via Imam Khomeini International Airport during the Iranian month ending Sept. 22.
 

Iran’s Flag Carrier Announces Yearly Operating Profit

6 October 2019 Time: 16:10
Iran’s Deputy Transportation Minister Shahram Adamnejad announced that the country’s largest airline IranAir has posted an operating profit for the last local calendar year ending on March 20, 2019, highlighting that the achievement was made despite all US sanctions against the country’s aviation industry.
 

IKAC constructs new building for economic activities

3 September 2019 Time: 17:32
Imam Khomeini Airport City’s Free Trade Zone has constructed a new building for economic activities, particularly for company registration.
 

13% Rise in Road Transportation of Goods

7 October 2019 Time: 19:07
Iranian year (March 21-Sept. 22) to register a 13.33% and 0.66% growth in tonnage and number of trips respectively compared with the similar period of last year.
 

Iran, Russia, Azerbaijan to set up INSTC working group

17 August 2019 Time: 21:26
In a meeting on Thursday, transport ministries of Iran, Russia and Azerbaijan agreed to form a working group in order to activate the International North–South Transport Corridor (INSTC).
 

Iran, Georgia sign transportation MoU

5 August 2019 Time: 23:10
Iran and Georgia signed a memorandum of understanding (MoU) on the development of transportation in Tbilisi on Thursday.
 

Pertamina to compete in Singapore bunkers market

11 October 2019 Time: 19:25
Indonesia's state-owned Pertamina intends to start supplying the Singapore and wider southeast Asia bunkers market.
 

Bushehr-Doha Shipping Link by Oct. 22

8 October 2019 Time: 19:15
A new cargo-passenger shipping link between Bushehr and Doha will be launched by the end of the Iranian month ending Oct. 22, following the completion of repairs at Doha passenger terminal and the finalization of issues related to allocation of subsidized fuel for the vessels in Iranian waters.
 

Vietnam : Formosa Ha Tinh Corp. Sharply Cuts HRC Offer for November Shipments

13 September 2019 Time: 14:38
Vietnam’s domestic steel producer - Formosa Ha Tinh has announced a steep cut of around USD 51/MT in its offers for Nov shipments.
 

U.S. aluminum, steel producers allege railroad companies of overcharging customers over fuel surcharge

11 October 2019 Time: 18:46
A number of aluminium companies and steelmakers along with other suppliers recently filed separate complaints against four largest railroad companies in the United States. They alleged that the railroad companies in the United States conspired to raise prices and overcharge customers billions of money for freight services over a period of five years. They did this under the guise of fuel cost recovery program.
 

Domestic companies to renovate 124 passenger wagons

4 September 2019 Time: 17:55
As the passenger wing of the Islamic Republic of Iran Railways (RAI), Iranian Raja Railway Transport Company has signed deals with three domestic companies for renovating 124 passenger wagons, ILNA reported on Tuesday.
 

Railway fleet receives 213 new domestically-made locomotives, wagons

3 September 2019 Time: 17:49
Some 213 new domestically-made locomotives and wagons were added to the railway fleet of Iran in a ceremony on Tuesday, IRIB reported.
 

Iran Boosting Maritime Transport despite US Sanctions: Official

12 October 2019 Time: 19:10
CEO of Iran’s Ports and Maritime Organization (PMO) Mohammad Rastad highlighted the failure of the US sanctions against the country and said despite the economic pressures, the Islamic Republic’s maritime transport is progressing well.
 

Iran, Georgia sign transportation MoU

5 August 2019 Time: 23:10
Iran and Georgia signed a memorandum of understanding (MoU) on the development of transportation in Tbilisi on Thursday.
 

Transport Development Fund set up in Iran

2 August 2019 Time: 14:40
Establishment of the Transport Development Fund of Iran as a state-run company was officially started by Iranian First Vice President Es’haq Jahangiri as the Ministry of Transport and Urban Development was notified with the statute of the company.
Housing & Building
 

Iran’s int’l stone expo to host 6,000 businesspeople

5 August 2019 Time: 22:06
More than 6,000 businesspeople active in the field of decorative stones from around the world will take part at the 12th edition of Iran Stone Expo 2019 in early October, an official said.
 

Over 6,500 stone processing units operating across Iran

22 July 2019 Time: 21:04
Director General of Mineral Industries Office of the Ministry of Industry, Mining and Trade Seifollah Amiri said over 6500 stone processing units are currently active across the country, 500 of which are exporting to global markets.
 

The Essentiality of the Development of the Industry of Paper Production from Stones

10 June 2019 Time: 23:30
Me-Metals: The executor of the sodium carbonate paper production plan of Aligoodarz emphasized the need in the development of paper production industry from stones in the country.
 

Iran's Trade With Turkmenistan Tops $300m

29 January 2019 Time: 15:55
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, Iraq in Talks to Ink Currency Swap Deal: Official

18 November 2018 Time: 18:51
Chairman of Iran-Iraq Chamber of Commerce Yahya Ale-Ishaq said the two countries are in negotiations to finalize a currency swap agreement in a bid to boost trade ties between the two neighboring countries.
 

Concrete, Mortar Mixers Imported

10 October 2017 Time: 16:16
Concrete and mortar mixers weighing more than 711 tons and worth 51.55 billion rials ($1.6 million) were imported into Iran during the five months to Aug.
 

Iran’s int’l stone expo to host 6,000 businesspeople

5 August 2019 Time: 22:06
More than 6,000 businesspeople active in the field of decorative stones from around the world will take part at the 12th edition of Iran Stone Expo 2019 in early October, an official said.
 

Iran ConFair 2019 running in Tehran

29 July 2019 Time: 21:11
The 19th edition of Iran’s International Exhibition of Building and Construction Industry (Iran ConFair 2019) kicked off at Tehran Permanent International Fairgrounds on Sunday.
 

Tehran City’s real estate deals down 73% in a month on year

2 September 2019 Time: 17:12
The number of real estate deals in Tehran City fell 73.7 percent in the fifth Iranian calendar month of Mordad (July 23-August 22), compared to the same month in the past year, Tasnim news agency reported citing the data released by Ministry of Transport and Urban Development.
 

Govt. launches project to build 110,000 affordable housing units

27 August 2019 Time: 22:33
Iranian President Hassan Rouhani officially launched the government’s National Action Plan for Construction and Supply of Housing on Tuesday, inaugurating a project for constructing 110,000 affordable housing units.
 

Construction Permits Decline in Q3

2 July 2019 Time: 16:43
The number of construction permits issued in Iran decreased during the third quarter of the last fiscal year that ended on Dec. 21, 2018, compared with the preceding quarter (ended Sept. 22, 2018), the Statistical Center of Iran's latest report showed.
 

Tehran City’s real estate deals down 73% in a month on year

2 September 2019 Time: 17:12
The number of real estate deals in Tehran City fell 73.7 percent in the fifth Iranian calendar month of Mordad (July 23-August 22), compared to the same month in the past year, Tasnim news agency reported citing the data released by Ministry of Transport and Urban Development.
 

Govt. launches project to build 110,000 affordable housing units

27 August 2019 Time: 22:33
Iranian President Hassan Rouhani officially launched the government’s National Action Plan for Construction and Supply of Housing on Tuesday, inaugurating a project for constructing 110,000 affordable housing units.
 

Tehran City’s real estate deals down 64.6% in a month on year

29 July 2019 Time: 21:44
The number of real estate deals in Tehran City fell 64.6 percent in the fourth Iranian calendar month of Tir (June 22-July 22), compared to the same month in the past year, IRIB reported citing the data released by Central Bank of Iran (CBI).
 

IRGC wing to construct artificial island

5 September 2019 Time: 22:54
The Khatam al-Anbiya Construction Base, a business conglomerate and the construction wing of the Islamic Revolution Guards Corps (IRGC), plans to build an artificial island in the Persian Gulf, near Kish Island, a free zone.
 

Iran's private sector ready to contribute to Iraq’s reconstruction

2 August 2019 Time: 14:45
Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) hosted a gathering on Tuesday between representatives of Iran and Iraq’s private companies active in the construction industry, the ICCIMA portal reported.
 

Iran ConFair 2019 running in Tehran

29 July 2019 Time: 21:11
The 19th edition of Iran’s International Exhibition of Building and Construction Industry (Iran ConFair 2019) kicked off at Tehran Permanent International Fairgrounds on Sunday.
Sciences
 

MIDHCO received the silver trophy of the sixth conference on Iranian Mines and Mining Industries Productivity Award

20 June 2019 Time: 13:53
Me-Metals – The ceremony of the sixth conference on Iranian Mines and Mining Industries Productivity Award was held with the motto “productivity as the foundation of competiveness in the national economy” on 27 Khordad, 1398 (17 June 2019) by the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) at the Eram Hotel in Tehran, Iran.
 

MSC wins award for management of innovation and technology

17 April 2019 Time: 11:08
A 6th edition of Iran National Award for Management of Innovation and Technology (IRAMIT) has handed its award for management of innovation and technology to Mobarakeh Steel Company (MSC).
 

Mobarakeh teachers have their own educational center, jointly built by MSC

17 April 2019 Time: 11:00
An education-welfare center for teachers was launched in Mobarakeh on Benevolence Day (March 5), with the education minister in attendance.
 

Official: Iran's Nano Products Exported to Over 45 States

12 October 2019 Time: 19:28
Head of Iran’s Nanotechnology Initiative Council (INIC) Saeed Sarkar underlined the country's huge progress in manufacturing and exporting nanotechnology products.
 

Iran, Armenia to Broaden IT Cooperation

9 October 2019 Time: 19:26
Iranian Minister of Communications and Information Technology Mohammad Javad Azari Jahromi in a meeting with his Armenian counterpart Hakob Arshakyan in Yerevan vowed to further develop bilateral relations.
 

Canada's Geomega to recycle rare earth magnets

28 August 2019 Time: 19:36
Canadian firm Geomega has raised funds to build a demonstration plant in Quebec for recycling rare earth elements from permanent magnets using a new processing technology that creates no acid waste.
 

Iran, Armenia to Broaden IT Cooperation

9 October 2019 Time: 19:26
Iranian Minister of Communications and Information Technology Mohammad Javad Azari Jahromi in a meeting with his Armenian counterpart Hakob Arshakyan in Yerevan vowed to further develop bilateral relations.
 

BHP and Klaveness Digital partner to develop maritime platform to optimize supply chain

5 October 2019 Time: 21:08
BHP’s, (NYSE: BHP) Maritime and Supply Chain Excellence team and Klaveness Digital are working together to drive the development of new shipping and logistics platforms to improve the way the industry collaborates and shares scheduling and vessel information, BHP said in an emailed statement.
 

Let the experts SEO company 724ws support your online business

18 August 2019 Time: 21:28
If you're the one who wants your online business or retail web site to face forward in the market and wish to beat your rivals in every means, then it is best to get your webpage optimized by SEO as we speak.
 

MSC Selected Asia’s 11th Most Admired Knowledge Enterprise

11 December 2017 Time: 21:34
Iran’s largest steelmaker, Mobarakeh Steel Company, has been selected as Asia’s 11th Most Admired Knowledge Enterprise in 2017.
 

University study confirms porphyry systems at Jaxon’s BC project

14 July 2019 Time: 17:45
Quartz tourmaline breccia has been identified as indicative of porphyry systems at Jaxon Mining’s (TSXV: JAX) Red Springs project in western Canada.
 

Amirkabir University to Launch Tech Complex

18 May 2019 Time: 14:31
Tehran-based Amirkabir University of Technology plans to launch a technology complex in collaboration with the state-owned Bank of Industry and Mine.
 

Sharif University Wins ICPC Bronze Medal

8 April 2019 Time: 16:31
A computer programming team from Tehran’s Sharif University of Technology won a bronze medal during the 43rd round of the International Collegiate Programming Contest (ICPC 2019). The contest was held in Portugal from March 31-April 5.
 

Iranian Delegation to Visit China’s Hi-Tech Fair

11 October 2019 Time: 18:57
An Iranian delegation is planning to visit China’s Hi-Tech Fair, also known as CHTF 2019, from Nov. 10-14 in Shenzhen to expand bilateral ties and collaborations with innovative and knowledge-based companies and startups in the host country.
 

Iran, Russia to Boost Cooperation on Vocational Training

25 August 2019 Time: 19:08
Iranian and Russian officials discussed avenues to increase mutual cooperation between the two countries in area of vocational training.
 

Iran to Become Plane Parts Maker in 7 Years

6 August 2019 Time: 17:51
Iran's aerospace firms can become suppliers of spare parts for planes in the near future, an official said, adding that the country could even export spare parts to other world states at a later stage.
Scrap & Recycling
 

China to reclassify high-purity scrap metal

11 October 2019 Time: 19:06
The Chinese government plans to overhaul the categorisation of high-purity scrap metal as raw material as part of its strategy to accelerate the development of its domestic recycling industry.
 

Vitasoy launches a pilot scheme to recycle paper, polythene and aluminium of Tetra Pak cartons

11 October 2019 Time: 18:48
Hong Kong-based drinks giant Vitasoy has reportedly launched a pilot scheme on Tuesday, October 8, to recycle Tetra Pak cartons that need specialist recycling for having aluminium, polythene and paper layers. The pilot scheme includes recycling bins, workshops, and a mobile education centre, in partnership with Secure Information Disposal Services (SSID), which operates a waste management plant in the city’s Yuen Long district.
 

US mills work toward closing auto Al scrap loop

10 October 2019 Time: 19:28
As US scrap dealers struggle to adjust to a rising influx of hard-to-sort, potentially valuable aluminum automotive scrap, rolling mills making body sheet say closed loop recycling is moving forward.
METALLURGY
 

CastForge impresses the sector

11 October 2019 Time: 18:51
National and international associations actively endorsing CastForge with their participation
 

FROM THE CONCEPT TO THE FINISHED PROCESS WITH THE DIGITAL TWIN

10 October 2019 Time: 18:54
From the concept to the finished process with the digital twin Fill Machine Engineering presents end-to-end digitalization in metalworking at EMO 2019.
 

UK bellfoundry casts and tunes thirteen bells for historic Singapore Cathedral

9 October 2019 Time: 18:58
The Loughborough Bellfoundry, also known as John Taylor’s Bellfoundry, has completed the casting and tuning of 13 bells for Singapore’s largest Cathedral, St Andrew’s.
 

REFRAJET® Addmix: An innovative injection system

27 November 2017 Time: 14:29
The REFRAJET® Addmix technology is an innovative injection system that was developed specifically for the installation of cement-free sol-gel bonded refractory concretes of the REFRAJET® Nanobond type.
 

Seven Expands Activities for the Aluminium Industry

30 March 2017 Time: 22:13
Less than a year after the publication of Seven’s first brochure for the aluminium industry, satisfied customers in several countries have been won. Deliveries have gone to Germany, Italy, the Slovak Republic, Russia, and Taiwan.
 

Seven Kazakhstan Factory Opened in February 2017

30 March 2017 Time: 21:16
Seven’s growth over the last years has triggered substantial expansions: In 2016, the main plant in Divača/Slovenia was expanded with fully integrated production, shipping, and storage systems. New and improved lines for dry-mixing and taphole clays are complemented by a brand new 300m2 laboratory.
 

China’s Graphite Electrodes Prices stabilizes amid Quiet Market

20 September 2019 Time: 14:45
SteelMint has heard from its market sources that after falling continuously over past few months, the electrodes prices in China have stabilized this week. However, the market continues to remain weak with tepid downstream demand and high inventories with the producers.
 

What’s Happening in China’s Graphite Electrodes Market?

5 September 2019 Time: 13:38
With no major change in China’s downstream steel demand, the overall situation in country’s GE market continues to remain sluggish and the prices prevails to be weak.
 

India: Ferro Silicon Prices Remains Unchanged W-o-W basis

28 August 2019 Time: 19:26
Producers in India and Bhutan have maintained the prices of Ferro Silicon despite low demand and thin trading activities. India is experiencing such sluggish demand for Ferro Silicon owing to the bearish Stainless and Steel market and characterized by the oversupply of material. Although, the demand remains scattered, as a few producers were also heard to be booked for the month, while the others are undercutting the prices to attract buyers.
 

DanOil® Added-value Oil Film Bearings for Rolling Mills in the Metal Industry

5 October 2019 Time: 23:55
Today this technology has made giant steps foreward, and the major international players still focus on these bearings, which the experts refer to “the heart of the rolling stands”.
 

Shijiazhuang Iron & Steel Co., Ltd. (Shigang) orders another continuous caster from SMS Concast

5 October 2019 Time: 23:43
Shijiazhuang Iron & Steel Co., Ltd. (Shigang), a member of HBIS Group, has awarded an order to SMS Concast, a company of SMS group, covering the supply of a second continuous bloom caster.
 

Vedanta seeks approval to repair ‘crumbling’ copper smelter

5 October 2019 Time: 21:20
Vedanta Ltd. sought approval from the administration of the southern Indian state of Tamil Nadu to repair its copper smelter as the plant is “crumbling” after being ordered to remain shut for more than a year.
 

Pet Coke Import Offers Fall; Domestic Prices Remain Firm in India

9 November 2018 Time: 17:58
Import prices of petroleum coke have decreased substantially over the month, though India’s domestically produced pet coke prices have continued to remain unchanged from the rates that prevailed since the start of this month.
 

Metallurgy exceeds expectations and should generate $350 million in business

28 September 2018 Time: 11:47
The atmosphere of satisfaction was general among the 120 expositor brands of Metallurgy 2018 - Fair and International Congress of Technology for Foundry, Steel, Forging, Aluminum and Services [Feira e Congresso Internacional de Tecnologia para Fundição, Siderurgia, Forjaria, Alumínio e Serviços], held from September 18 to 21, in Joinville, SC.
 

IN - Tata Motors closes gap with Mahindra for 3rd biggest PV maker in India

24 September 2018 Time: 21:24
Tata Motors is narrowing the gap with homegrown rival Mahindra & Mahindra (M&M) to challenge the position of third biggest passenger vehicle maker in India by sales.
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