Iranian rolling stock manufacturer, Wagon Pars Company, built 290 freight and seven passenger wagons in the last Iranian year (March 2018-19) at a cost of 812 billion rials ($6 million), the company’s CEO said.
“We have also begun the construction of 533 more wagons this year, 500 of which will be cargo cars and the remaining 33 will be passenger cars,” Mohammad Reza Bakhtiari was also quoted as saying by IRNA.
According to the official, Wagon Pars has the capacity to build 150 passenger and 1,000 cargo wagons per year.
Wagon Pars, launched in 1974 in the city of Arak in Markazi Province, is a subsidiary of the Industrial Development and Renovation Organization of Iran and the largest manufacturer of freight, passenger and subway wagons in the Middle East.
Public sector steel maker & India's largest pig iron manufacturer & exporter - NINL has reported fall in Pig iron output in May'19.
The Chinese graphite electrodes prices especially that of UHP grade continues to remain stable this week. The current prices in China of UHP grade GE of size 450mm are heard to be in the range of RMB 24,000 – 26,000/MT (USD 3,470 – 3,760/MT) whereas that of size 600mm are in the range of RMB 48,000 – 60,000/MT (USD 6,940 – 8,675/MT).
Amid the increased graphite electrodes supplies from China and subsequent fall in global GE prices, Japan’s key electrodes manufacturer, Showa Denko has decided to improve its Carbon division’s production facilities in Europe with a planned investment of 5 billion yen.
China’s Heilongjiang Changsheng Carbon Co. Ltd., located in Sahngzi city of Heilongjiang province has once again started the production of graphite electrodes after the closure for almost seven years. The factory formerly known as Luohe Carbon Plant was closed down in the year 2012 amid poor market demand.
The London Metal Exchange (LME) is partnering with Fastmarkets to develop the reference price for its planned lithium futures contract, which will help analysts and executives to get a full sense of the global market for the key ingredient in the making of the batteries that power electric vehicles (EVs).
Out of 340.6 million cards issued by banks more than 96.9 million, including debit cards, credit cards and gift cards, conducted at least one transaction during the first month (March 21-April 20) of the current fiscal year.