At end-2017 Iranian government decreased import duties on different steel products
Iran’s steel imports dropped by 32% on an annual basis to 1.9 million mt of steel for the first 10 months of the current Iranian year, ending in March, Steel Business Briefing (SBB) reported referring to data provided by the Iranian Steel Producers' Association (ISPA).
Imports of finished steel slipped by 24% on an annual basis to 1.86 million mt and imports of hot rolled coil went down by 45% to 774,000 mt. Imports of semi-finished products declined by 76% on the year to 44,000 mt.
Shipments of steel products in Iran were affected by the weak currency although at the end of 2017 the Iranian government decreased import duties on different items in the sector, SBB underlined.
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