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30 Jun
15:12

Iranian two-month apparent steel consumption surges

Iranian apparent finished steel consumption increased 12.4% on-year in the first two months of the Iranian year, or 21 March-21 May, Kallanish observes. Following Iran’s export duty implementation effective 21 March, prices decreased gradually, which stimulated a consumption increase. Also, stockists increased their intake through the Iranian Mercantile Exchange (IME), seeking margin expansion, after the Iranian currency depreciated again…
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