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Iran Climbs 3 Spots in Global Steelmaking Rankings: A Surge in Production Power!
Iran’s steel production has rebounded significantly, with an output of 3.3 million tons in October 2025, reflecting a 12 percent increase compared to the previous year. Despite a slight overall decline of one percent in average production to 25.4 million tons for January to October 2025, Iran remains a key player in the global steel market, ranking 7th in March-May and 10th from June to September. Contributing 61 percent of West Asia’s steel output, Iran’s steel industry is set for further growth through modernization and innovation, reinforcing its position among the world’s leading producers.
Reviving Trade: Pakistan-Iran-Turkey Freight Train Set to Resume Operations Soon!
Pakistan’s Minister of Railways, Hanif Abbasi, announced that the freight train on the Islamabad-Tehran-Istanbul (ITI) route will launch on December 31, 2025. This initiative aims to enhance regional connectivity and trade relations among Pakistan, Iran, and Turkey. Abbasi urged the business community to capitalize on the opportunities presented by this trade route, which is expected to boost economic growth and facilitate tourism and cultural exchange. Pakistan Railways is preparing to ensure efficient rail transport through infrastructure upgrades and improved logistics. The ITI freight train represents a significant step in strengthening Pakistan’s role in regional trade networks.
US and China Collaborate to Ease Trade Tensions in Key Malaysia Talks
US and Chinese trade discussions in Malaysia were deemed “very constructive” by a US Treasury spokesperson, aiming to prevent a trade war. Chinese Vice Premier He Lifeng and US Treasury Secretary Scott Bessent addressed critical trade issues during the ASEAN summit. China’s recent announcement of export controls on essential goods, including rare-earth elements and lithium batteries, has raised concerns. In response, President Trump threatened a 100% tariff on Chinese imports and proposed export controls on software. The talks underscore the need for cooperation to stabilize both nations’ economies and global markets, with hopes for a positive resolution.
Iran Poised to Fulfill Tajikistan’s Industrial Demands, Says Minister
At the 7th Export Potential Exhibition “Iran Expo 2025,” Iranian officials highlighted the strengthening of ties with Tajikistan, focusing on expanding cooperation in steel, rebar, chemicals, and food industries. Iranian Minister of Industry, Mine and Trade, Atabak, reaffirmed Iran’s readiness to supply Tajikistan with steel and rebar and emphasized the importance of their bilateral relationship. Discussions also included the establishment of pharmaceutical factories and enhancing Tajikistan’s mining infrastructure through collaboration with Iran’s IMIDRO. These initiatives signify a proactive approach to mutual economic growth, promising enhanced stability and interdependence as both nations explore further opportunities for collaboration.
Major Trade Breakthrough: 87% of Russia’s Imports and Exports Now Tariff-Free, Says Envoy
Iran and Russia have significantly enhanced their economic partnership, with 87% of trade now tariff-exempt. Ambassador Kazem Jalali emphasized the strategic role of Khorasan Province in fostering connections, particularly through the North-South corridor, which features three main branches. The trade volume between the two nations surged from $650 million in 2023 to $1.8 billion last year, with projections reaching $3 billion by 2025. The free trade agreement with the Eurasian Economic Union offers further opportunities for provinces to boost exports. This growing collaboration is expected to strengthen ties and enhance regional economic growth.
China Imposes Tariffs on US Imports: Escalating Trade Tensions in a Tit-for-Tat Showdown
China has responded to the U.S. imposing a new 10% tariff on all Chinese imports by implementing its own tariffs on U.S. goods, including 15% on coal and LNG, and 10% on crude oil and agricultural equipment, starting February 10. This escalation revives the trade war initiated by Trump in 2018 over trade deficits and drug trafficking issues. Trump has warned of further tariff increases unless China curbs fentanyl exports. Meanwhile, China plans to challenge the tariffs at the WTO but is open to discussions. Analysts suggest the trade conflict’s early stages could lead to more tariffs, impacting global economic stability.
