Iran hit by protests, uncertainty prevails in steel market

The Iranian steel market was gripped by uncertainty this week after violent protests erupted across the country following a government decision to increase petrol prices.

“There are lots of strikes, [many] banks [and petrol stations] have been burned down and many government buildings destroyed,” one market source said adding that trading activity had been limited this week.
The countrywide protests started after a decision to double the price of petrol on Friday November 15.

Under the new fuel measures, each driver is allowed to buy 60 litres of petrol per month...

Published

Vlada Novokreshchenova

November 20, 2019

18:04 GMT

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