- Write by:
-
Tuesday, September 11, 2018 - 12:27:18 PM
-
1039 Visit
-
Print
Mining News Pro - Deputy Minister of Industry, Mining and Trade at the Tehran Chamber meeting announced the lifting of the ceiling for steel products on the Commodity Exchange.
According to Mining News Pro - Jafar Sarqini, Deputy Undersecretary of the Ministry of Foreign Affairs of the Islamic Republic of Iran at a meeting of representatives of the Tehran Chamber of Commerce, announced the lifting of the competition for steel products on the Commodity Exchange, saying that since the exchange rate inflated, the metal market was also affected.
He added: "We are self-sufficient in metals, so that we produce 2.5 times the demand for steel and steel, so that the market`s psychological atmosphere is wrong for this industry."
Sarkhini noted that since the ceiling on copper and aluminum competition in the stock exchange, prices were about 54% competitive.
Deputy Minister of the Ministry of Foreign Affairs for Mining and Mining Affairs said: "We will raise the competition for steel on the stock exchange, in which case the competition will be about 30 percent." The price per gram of rebar at the peak of the currency fluctuations was 4600 tomans, which reached 4100 tomans yesterday and will be released today at a price of about 3600 tomans by releasing steel prices.
Short Link:
https://www.miningnews.ir/En/News/258143
Chinese carmaker BYD Co has postponed plans to produce lithium cathodes for electric vehicle (EV) batteries in Chile by ...
Copper futures in New York rallied to a record high after a short squeeze that’s prompted a scramble to divert metal in ...
China’s CMOC Group Ltd. is being accused by a top US official of using “predatory” tactics to depress prices of a key ...
A Native American group said on Tuesday it will take its fight against Rio Tinto’s proposed Arizona copper mine to the ...
Teck Resources Ltd expects to generate annual earnings before interest, depreciation, tax and amortization (EBITDA) of ...
The world’s largest zinc smelter is planning to significantly expand its copper output, taking advantage of growth ...
The state-run Chilean Copper Commission (Cochilco) will soon revise its copper price outlook, which will be considerably ...
Chilean mining giant Codelco is still working to meet its estimated output for the second quarter, CEO Ruben Alvarado ...
Australian-based Atlantic Lithium Ltd., which is developing Ghana’s first lithium mine, has taken a step toward raising ...
No comments have been posted yet ...