Europe

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Iran announced after a meeting of joint commission the 2015 nuclear deal that a payment channel the three EU parties to the accord have set up for trade with Tehran –known as INSTEX- is by no means satisfactory and is doing nothing about the sale of Iranian oil.
News ID: 4933    Publish Date : 2019/06/29

Global ferrous scrap markets witnessed downtrend in all the major markets amid limited demand this week. Further price correction in Turkey pulled down global ferrous scrap offers also for South Asian and East Asian markets.
News ID: 4834    Publish Date : 2019/06/18

The two key raw material for steel production, Iron Ore and Scrap prices are moving in opposite directions. The Vale disaster at the Brumadinho tailing dam in late January this year has led to a cut in iron ore supplies, and a spike in spot prices making them to hit five years high, leaving no margins for blast furnaces.
News ID: 4827    Publish Date : 2019/06/16

Russia’s average daily oil output in May fell below its OPEC+ target for the first time this year after buyers refused to take exports via Druzhba, the nation’s key pipeline to Europe , because of contamination.
News ID: 4782    Publish Date : 2019/06/09

Russia’s average daily oil output in May fell below its OPEC+ target for the first time this year after buyers refused to take exports via Druzhba, the nation’s key pipeline to Europe , because of contamination.
News ID: 4739    Publish Date : 2019/06/03

Gas and coal prices are plunging in Europe , hurt by the relentless threat of ever-cheaper clean energy that’s gaining market share and pushing out the fossil fuels in the process.
News ID: 4737    Publish Date : 2019/06/03

Driven by the weak demand and rising imports, the world’s largest steelmaker, ArcelorMittal said on Wednesday that it will further reduce steel production in Europe .
News ID: 4708    Publish Date : 2019/06/01

A senior Iranian economic official announced that Tehran and several Europe an states are due to ink a Memorandum of Understanding (MoU) to expand economic relations.
News ID: 4653    Publish Date : 2019/05/27

Global scrap prices exhibited downward movement on low demand this week. Turkey-based importers witnessed limited deals amid expectation of a further correction and subdued finish steel demand.
News ID: 4492    Publish Date : 2019/05/10

Eastern India based pellet maker - Brahmani River Pellets has recently concluded pellet export deal to China, SteelMint learned from company officials. Deal for 60,000 MT pellets with Fe 64% and 3% Al was learned to be concluded at around USD 117/MT, CFR China for April shipment.
News ID: 4304    Publish Date : 2019/04/11

A year after the US unlawful abrogation of the Joint Comprehensive Plan of Action [the formal name of the nuclear deal Iran signed with six world powers], Europe cannot muster the political will to defy US' economic terrorism, not even by setting up a single banking channel for humanitarian aid. (Twitter)
News ID: 4208    Publish Date : 2019/04/06

The Europe an Commission is eyeing opportunities within the EU’s minerals and mining sector, and has put forward, in its Strategic Action Plan (SAP) on batteries, a comprehensive set of targeted measures to make Europe a global leader in sustainable battery production and use.
News ID: 4174    Publish Date : 2019/03/30

More than three years after two treasure hunters claimed to have found a Nazi train laden with gold and gems in the Polish city of Walbrzych, one of the men looking for it has unearthed another kind of treasure: two dozen priceless Renaissance portraits.
News ID: 4167    Publish Date : 2019/03/30

Major ferrous scrap markets exhibited firm sentiments in terms of offers this week. Turkish steel mills resumed US scrap bookings after a short break at stable prices amid stabilized sentiments in rebar markets. Suppliers in US, UK and Europe remain optimistic about prices on tight supply situation.
News ID: 4156    Publish Date : 2019/03/26

Oil refiners are getting ready for a boom. The plants in Europe and the US are scaling back planned maintenance later this year in anticipation of a surge in demand and fatter margins as the shipping industry gets ready for a historic fuel switch.
News ID: 4079    Publish Date : 2019/03/19

Imported scrap offers to India continued moving up following a rising trend in the global scrap market.
News ID: 3824    Publish Date : 2019/03/04

Cobalt prices were surging so much last year that thieves were carrying out elaborate heists at warehouses in Europe ’s busiest port. Now, prices are in free fall and mining companies are taking the financial hit.
News ID: 3813    Publish Date : 2019/03/02

Lithium miners have set their eyes on Portugal, a country that doesn’t scream “mining” like other jurisdictions, but which already is Europe 's biggest producer of the commodity, thanks to the surge in popularity of electric vehicles (EVs).
News ID: 3729    Publish Date : 2019/02/24

Kaveh Afrasiabi, author and political scientist from Boston, termed Europe an powers' new mechanism to ease trade with Iran as a “heroic political effort” that would institutionalize the 28-member bloc’s rift with Washington.
News ID: 3714    Publish Date : 2019/02/23

Iran’s Minister of Petroleum Bijan Zangeneh said Tuesday Italy and Greece had stopped buying oil from Iran despite being granted waivers from US sanctions.
News ID: 3563    Publish Date : 2019/02/05

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