Iran semi-finished steel exports very slow on sanctions

The export market for steel slab and billet in Iran was very slow in the seven-day period to May 15 after the United States imposed sanctions on the country’s steel trade, sources told Fastmarkets.

US president Donald Trump ordered new sanctions on Iranian metals - including steel, aluminium and copper - on Wednesday May 8.

“Today’s action targets Iran’s revenue from the export of industrial metals - 10% of its export economy - and puts other nations on notice that allowing...


Serife Durmus

May 15, 2019

17:35 GMT