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02 Nov
00:00

'Improper management' causes Iran's equal DRI imports and exports

Iran imported and exported an equal tonnage of direct reduced iron in the last Iranian year (ending 20 March 2014). This was due to “improper management” and “lack of attention to domestic needs”, according to an industry, mine and trade ministry official. DRI exports and imports each equalled 360,000 tonnes in the period, Kallanish observes. “Exports are indicative of a country’s capacities; however, revenues and monetary…
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