EghtesadOnline: Iran’s total exports of iron ore witnessed a noticeable downturn since the seventh Iranian month (Sept. 23-Oct. 22), at the beginning of which the Ministry of Industries, Mining and Trade started to impose tariffs on the export of unprocessed minerals, including iron ore.
EghtesadOnline: Despite the 25% customs duty imposed on the export of iron ore, the export of raw materials used in steelmaking is continuing and the duties have not discouraged exporters at all, the managing director of Esfahan Steel Company said.
EghtesadOnline: Iran exported 7.86 million tons of iron ore during the first five months of the Iranian year (March 21-Aug. 22), registering an increase of 43% compared with last year’s corresponding period.
EghtesadOnline: Esfahan Steel Company is currently operating at around half its nominal production capacity and needs about 6.5 million tons of iron ore lumps and metallic materials to operate at full capacity, the company’s deputy head said.
EghtesadOnline: A total of 17 million tons of iron ore were exported from Iran in the last fiscal year (March 2018-19), figures released by the Iranian Mines and Mining Industries Development and Renovation Organization show.
EghtesadOnline: Iran produced 29.64 million tons of iron ore concentrate in the first eight months of the current fiscal year (March 21-Nov. 21), to register a 19% growth compared with last year's corresponding period.
EghtesadOnline: A total of 18.42 million tons of iron ore concentrate were produced in Iran during the first five months of the current fiscal year (March 21-August 22) to register a 19% growth compared with last year’s similar period.
EghtesadOnline: Asian equities fell, with Australian shares slumping as a selloff in iron ore pulled down commodity producers. Japanese stocks benefited from a weaker yen while gold fell for a third day.
EghtesadOnline: In spite of the Iranian government’s policy to halt exports of raw materials, customs statistics show a sharp increase in iron ore exports in the first nine months of the Iranian year (to December 20).
EghtesadOnline: The currencies of resource-exporting nations fell as concern about gluts dragged oil and iron ore lower. European equities rose and U.S. stock index futures declined as investors assessed the outlook for Federal Reserve policy after a turbulent couple of days in financial markets.