EghtesadOnline: Iran has registered the highest growth in crude steel production among the world's top 10 producers, the latest report released by the World Steel Association shows.
EghtesadOnline: The shortage of foreign currency for importing raw materials is the biggest challenge facing Iranian industries.
EghtesadOnline: Iranian aluminum producers had an aggregate output of 211,779 tons of ingots during the first half of the current Iranian year (March 20-Sept. 22) to register a 71% rise compared with the corresponding period of last year's 123,576 tons.
EghtesadOnline: Iranian aluminum producers had an aggregate output of 175,000 tons of ingots during the first five months of the current Iranian year (March 20- Aug. 21) to register a 70% hike compared with the corresponding period of last year.
EghtesadOnline: Iraq is seeking exemptions from OPEC+ cuts in Q1 of 2021 and has discussed the issue with key producers in the 23-member coalition during three consecutive meetings, state-owned al-Sabaah newspaper reported, citing the country's oil minister.
EghtesadOnline: Oil prices climbed on Friday, on track for a third consecutive weekly gain, pulled higher by major oil producers’ efforts to hold back output amid concerns about economic recovery from the coronavirus pandemic.
EghtesadOnline: Iranian aluminum producers had a total output of 138,781 tons of aluminum ingots during the first four months of the current Iranian year (March 20-July 20) to register a 67% increase compared with the corresponding period of last year.
EghtesadOnline: Iranian heavyweight steel producers exported a total of 901,126 tons of finished and semi-finished steel products, including beam, rebar, ingot, slab, hot and cold-rolled coils, and coated coils, during the first quarter of the current Iranian year (March 20-June 20) to register a 46% decline compared with last year’s corresponding period.
EghtesadOnline: So long as electricity export is the exclusive premise of the Energy Ministry, the power industry will remain far on the periphery due to the obvious reluctance of private firms to get involved with mega projects, an energy expert has warned.
EghtesadOnline: Oil climbed on Monday after major producers agreed to extend a deal on record output cuts to the end of July and as China’s crude imports hit an all-time high in May.