Alloys, which do not have export duty levy, buck trend of dip in exports

Iran and the Republic of Mauritius signed a special economic-trade memorandum of understanding (MoU) in their first joint economic forum.

A member of the board of directors of the Iranian Steel Association, while announcing the reasons for the lack of balance in the steel chain, warned of severe mineral shortages and restrictions on transportation in the future.

Dalian and Singapore iron ore futures advanced on Thursday, as restocking and speculative buying underpinned spot prices in top steel producer China, but doubts remain on the sustainability of a recovery in demand for the steelmaking ingredient.

The Islamic Republic of Iran is keen on expanding all-out cooperation with Venezuela in various technological areas, an Iranian vice president said.