Starting April 27 and running through May 30, Iran has banned the export of a wide range of steel products in order to ensure domestic supply following Israeli-U.S. attacks on several of its steel mills during the 39 days of the war.
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“Steel products, which constitute the backbone of numerous industries, are now subject to export restrictions to prioritize domestic supply,” the Iranian Office of Export and Import Regulations announced.
The measure affects dozens of key products in the steel industry, including various types of plates, strips and sheets, as well as other coated materials.
These restrictions apply to 66 tariff lines, reflecting the broad scope of the decision in one of the sectors considered strategic for the Iranian economy.
In addition, the Iranian government is seeking to avoid potential imbalances in the domestic market and curb price increases in the steel industry.
On March 27, Iran reported Israeli-U.S. attacks on the Mobarakeh and Khuzestan steel plants, located in the center and west of the country and considered the two main steel producers in Iran.
[ SOURCE: teleSUR ]
