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06 Mar
10:50

Iranian 11-month steel exports inch down

Iranian exports of iron and steel products inched down during the first 11 months of the Iranian calendar year (21 March 2022-19 February 2023). The government decree obliging exporters to exchange foreign income using the Nima exchange rate, which is nearly 25% lower than the free market, has hampered exports, Kallanish notes. Natural gas supply restrictions since mid-November and the depreciated Iranian currency against the dollar have increased steel price…
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