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06 Jul
01:00

Iran aims to double exports to offset subdued local sales

Iran aims to export 4 million tonnes of steel this Iranian year, which ends 20 March 2016, after reaching a record 2mt of shipments abroad last year, according to Iranian Mines and Mining Industries Development and Renovation Organization (Imidro) chairman Mehdi Karbasian. Iran’s industry, mines and trade ministry has permitted exports since 2013 on the back of falling domestic demand due to economic sanctions, and competition with subsidised China-ori…
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