Iran’s Minister of Industry, Mine and Trade Reza Rahmani says the impact from US sanctions has bottomed out and the Iranian economy is showing signs of turning around.

The US government has warned against exports of steel-making materials to Iran, the latest salvo in Washington’s campaign to target everything from oil sales to civilian transportation and financial activities.

A report shows Iran’s export of various metals and mining products to China have surged significantly.

Iran has seen its crude steel production surge by 5 percent year-on-year in late October.

Workers from the former ILVA steel plants across Italy down tools for a 32-hour strike to protest against plans of going back on a purchase agreement with the Italian government by Arcelormittal.

Italian unions have called a general strike to protest working conditions at the country’s struggling steel firm.

The iron ore mining industry and its developments were explored to uncover elements that propel the iron ore market in Iran as well as its related industries.

Iranian President Hassan Rouhani opens a new steel mill southeast of the country.

Iran says steel exports could exceed a target set for March despite US sanctions targeting metals sector.

Iran says steel output surges by around six percent between March and September.