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 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).
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.
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.
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.
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 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.