Activity in Iranian flat steel imports slumps on rumours of duty cut

Recent news about a possible cut in the import duty imposed on flat steel products entering Iran has led to a halt in trading, Metal Bulletin learnt on Wednesday December 28.

The exact date when the regulation will come into force is not yet clear so potential customers took a wait-and-see position.

“Local prices went down because of the [rumoured] cut. So anybody who ships now and still must pay the initial customs [costs] would make losses. So nobody is shipping for now,” an international...

Published

Vlada Novokreshchenova

December 28, 2016

17:30 GMT

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