Decision-makers organizations should be justified in issuing  the licenses Managing Director of National Iranian Steel Company called for describing the country's conditions using the country's steel master plan for decision-makers in issuing permits for the steel chain.

China is expected to enforce winter steel output cuts in the country’s northern region as a way to reduce smog. However, these cuts to be implemented in the fourth quarter are unlikely to reduce China’s crude steel output on a large scale, raising oversupply concerns that could weigh on steel prices in coming months, sources said.

The iron-ore market has stabilised with impacts of China’s Covid-19 lockdowns and real-estate woes already priced in, according to a top producer of the steelmaking ingredient.

ArcelorMittal expects its steel production in Europe to fall by around 1.5 million tonnes in the fourth quarter compared with the year-earlier period as it idles capacity due to weakening demand and soaring energy prices, the company said.

 Parliament’s National Security and Foreign Policy Commission said: Shanghai Cooperation Organization (SCO) generates power around east’s axis versus west, and specially US totalitarianism; Iran’s membership is international achievement.