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12 May
13:59

Ministerial change gives Iranian steel exporters hope

The dismissal of Iran’s industry, mine and trade minister Reza Rahmani has given Iranian steelmakers hope that recently-implemented export restrictions will be abolished. Rahmani has been replaced this week by Hossein Modares Khiabani. The ministry previously issued an order saying steelmakers are permitted to export only 25% of their production in an attempt to reduce steel tonnages leaving the country. Mills are also required to offer 60% of their output o…
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