Iran - Latest news GMK Center

Slabs and flat steel products account for the lion's share of Iran's total steel exports

The decision was made following damage to steel mills during a dispute with the United States and Israel

Attacks by the U.S. and Israel are likely to reduce the production of semi-finished products in the country

The restrictions cover exports, imports, and financial transactions, with current contracts remaining in force until 2026

Steel production for 6 months of the Iranian year increased by 2.5% y/y

Export duty on billets and slabs increased to 2%, on iron ore – to 20%