- Write by:
-
Tuesday, September 11, 2018 - 12:27:18 PM
-
1024 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
Australian miner Lynas posted a slump in third-quarter sales revenue on Wednesday, missing analyst expectations on the ...
Zimbabwe’s President Emmerson Mnangagwa has re-appointed Winston Chitando as the southern African nation’s mines ...
Anglo American Plc said it is has received an unsolicited non-binding combination proposal from BHP Group.
China’s Zhaojin Mining Industry said on Wednesday that its A$733 million ($477.8 million) offer to buy Australia’s ...
Toronto-listed miner OceanaGold Corp said on Wednesday it will raise 6.08 billion pesos ($106 million) through an ...
A key measure of Chinese copper demand just sank to zero, another indication that global prices are not balanced with ...
A new report by IDTechEx states that investing in e-haul trucks could result in major savings for miners due to the ...
Chile’s state copper company Codelco defended its proposed lithium production tie-up with SQM in response to criticism ...
Canadian miner First Quantum Minerals (TSX: FM) believes it will be able to take the already mined 121,000 tonnes of ...
No comments have been posted yet ...