Iran steel exports decline in wake of sanctions

Financial Tribune – Iran’s steel exports have come under immense pressure after the imposition of US sanctions last year

Major Iranian steelmakers exported 5.08 million tons of steel during the 11 months to Feb. 19 to register a year-on-year decline of 22%, latest data released by the Iranian Mines and Mining Industries Development and Renovation Organization show.

The steel mills shipped 373,888 tons during the 11th month of the year (Jan. 21-Feb. 19), which shows a 51% decline compared with the same month of the year before.