India Asked Moscow to Convince OPEC Countries in order to Produce Enough oil at Firm Prices

India’s oil and steel minister, Dharmendra Pradhan, visited Moscow and discussed for strengthening oil and gas production and keep the prices firm as oil importing countries are suffering from unstable rates, especially after US sanctions against Iran which extremely influence on India’s economy. The cost of oil import in India was reported 111.0 billion dollars…

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Global Steel Output in July

Globally, the speed of #steel_production cooled down in July. 156.89 million MT of #steel was produced in July (+1.9%) which in comparison with the first 7 month of 2019=1083 million MT (+4.5%) has reduced significantly. #Iran by producing 2.2 million MT steel (+11.1%) in July seen an improvement in its steel production in comparison with…

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China’s boost of DAP export in the first half of 2019

In the first half of 2019, #China has exported 2,750,000 MT of #diammonium #phosphate (DAP), increasing 10.4% from the first half of 2018. The superior #DAP importers from China in June 2019 are #India, #Thailand, and #Pakistan.  Source: OKCHEM  

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