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18 Jun
01:00

Iran needs to hike flats import duty to 40%, says Mobarakeh chief

The chief of Iran’s largest steelmaker, Mobarakeh Steel, and head of the Iranian Steel Producers Association has called on the government to hike flat product import duties further. This is to reflect the decline in global steel prices. In a Mobarakeh report seen by Kallanish Bahram Sobhani says Iran’s increase in March of its flats import duty to 15% does not offset the 40% decline in global flats steel prices since then. Iranian producers have …
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