64687
Iranian Iron Ore Exports Decline
Iranian Iron Ore Exports Decline

Iranian Iron Ore Exports Decline

Iranian Iron Ore Exports Decline

Iron ore exports from Iran are now declining, as the volume in April reached 10.46 million tons, which is down by 6% compared to the same period of Iranian. The month-on-month data also declined by about 147%, India-based news, data and trading portal on global scrap commodities market Scrapregister.com reported. Iran achieved a sharp growth in the last Iranian year that ended on March 20, 2017. China is the main destination for Iranian iron ore, as they export 94% of iron ore to China. But it is believed that growth is about to decline and will not attain the previous figures. According to a trader, “At current prices, the cost of road transportation is more than the exporting prices of some grades of iron ore and it is almost impossible for the country’s northern mines to continue to export.” The Iranian government announced in December 2016 that it planned to impose a 10% export duty on iron ore from March 2017. The plan has now been delayed to Sept. 2017.

Short URL : https://goo.gl/EDOukd
  1. https://goo.gl/av7PGm
  • https://goo.gl/jxGSBN
  • https://goo.gl/L6xAtp
  • https://goo.gl/JFVKmA
  • https://goo.gl/htWZHd

You can also read ...

The Meeting of Central Banks and Monetary Authorities of the OIC Member Countries was held on September 21-22 in Bodrum, Turkey. 
Governor of the Central Bank of Iran Valiollah Seif said given...
Apparel tops the list of goods smuggled into Iran.
The Ministry of Industries, Mining and Trade has introduced...
Oberbank Deal to Trigger European Finance Flow
The chief executive of Oberbank–whose bank this week became...
Petrochemical products account for the lion’s share of the export price index (46%).
The export price index snapped its two-month contraction and...
Proton Dissolves Dormant Subsidiary in Iran
Malaysian industrial group DRB-Hicom Berhad, the owner of...
SCI Puts Inflation at 8%
The goods and services Consumer Price Index in the 12-month...
VW Seeking Long-Term Cobalt Supplies in Shift to Electric Cars
Germany’s Volkswagen is moving to secure long-term supplies of...
Unwanted Mehr Housing Units to Be Repurposed
With the aim of bringing to a close the protracted and...

Add new comment

Read our comment policy before posting your viewpoints

Image CAPTCHA
Enter the characters shown in the image.

Trending

Googleplus