• Samba 65 00% 56.65%
    Joga2002 635.254 50% 63.63%
    Bra52 69 23.145% -63.25%
    Joga2002 635.254 50% 63.63%
  • HangSang20 370 400% -20%
    NasDaq4 33 00% 36%
    S&P5002 60 50% 10%
    HangSang20 370 400% -20%
    Dow17 56.23 41.89% -2.635%

EghtesadOnline: The Iranian Mines & Mining Industries Development & Renovation has signed an accord with a German company for setting up a graphite electrodes plant in Yazd Province, central Iran.

According to IMIDRO’s President Mehdi Karbasian, the $100 million contract involves the supply of a press and other machinery for a 30,000-ton/year electrode plant primarily to supply the domestic steel industry, which will be later expanded to 45,000 tons/year.  “This is a belated project that was scuttled by sanctions,” Karbasian was quoted as saying by S&P Global Platts on Wednesday.  “We have signed today for procurement with a German company, to start up in 1.5 years’ time.”  Karbasian, who is also deputy minister of industries, mining and trade, said Iran imports some 30,000 tons/year of electrodes from China and India, but demand will grow with the country’s current steelmaking expansion.

IMIDRO Mehdi Karbasian Iran-Germany trade graphite electrodes