Iran may halve flat steel import duties

Iran looks likely to cut import duties on flat steel by 50% soon, mainly due to insufficient supplies in the country, particularly of light gauge hot rolled coil (HRC), but also to support recovering downstream industries.

“Duty rates on flat steel imports will be [halved] to 10% in a bid to balance the domestic steel market,” according to Jafar Sarqeyni, deputy minister of industries, mining & trade. However, during an interview with Iran’s English-language economic daily, the Financial Tribune, Sarqeyni did not say exactly when the new measures...

Published

Vlada Novokreshchenova

December 27, 2016

19:57 GMT

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