Iran produced over 18.5 million tons of steel ingots during the first 11 months of the current Iranian year (March 21, 2019-February 19, 2020), registering a four percent rise compared to the corresponding figure of preceding year which was 17.7 million tons.
Iran’s 11-month crude steel production over 18.5m tons
Iran Mercantile Exchange (IME) announced on Saturday that 417,013 tons of commodities valued at over $547 million were traded in its domestic trading and export halls in the past week (ended March 12).
IME weekly trade tops $547m
The Philippine economy will expand about six percent under the worst scenario of the coronavirus pandemic, the central bank governor said, pledging to use all tools needed to address risks to growth and financial markets.
Philippine economy to grow 6% under worst scenario
The US should follow Hong Kong’s lead and give a cash handout to its citizens amid the coronavirus pandemic, a strategist said.
US should give citizens $1,000 a month to limit coronavirus impact on economy, strategist says
The European Central Bank signaled it’s ready to buy more debt of nations such as Italy to calm mounting financial panic, and pushed back against political criticism of President Christine Lagarde’s handling of the coronavirus crisis.
ECB rebuts attacks as Visco signals it can buy Italian debt
Indian carriers could see between 40 and 50 of their aircraft being grounded due to weakening passenger demand and cancelation of visas by Indian authorities.
Indian carriers may ground 40-50 aircraft on weak demand
Central Bank of Iran (CBI) Governor Abdolnaser Hemmati said that the country witnessed a growth in the economic field in the last three months of 2019.
CBI reports Q4 2019 6.1% growth
Iran successfully installed a giant oil drilling rig at an offshore field south of the country despite reports suggesting it is having problems keeping its oil rigs active because of the US sanctions on the oil industry.
Giant offshore rig installed at oilfield south of Iran
Iran's aluminum production capacity will increase by more than 60 percent this Iranian year (started March 21, 2019) compared to last year, based on country's Mine and Mining Industries Roadmap and the Ministry of Industry, Mine and Trade's four-year plan (2018-21).
Iran's aluminum output capacity to rise by over 60%
Iran produced 38.475 million tires during the first 11 months of the current Iranian year (March 21, 2019-February 19, 2020), which shows a five percent growth compared to corresponding figure of preceding year, 36.643 million.
Iran’s tire production increases 5%

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