08
Jun
01:00
Iran to sell oil via Russia, use proceeds to buy steel: reports
Iran has devised a mechanism with Russia whereby the latter will sell oil produced in the Middle Eastern country and then deposit the proceeds in a fund that Iran can use to purchase commodities, including steel. According to Iranian media reports quoting the country’s officials, this is not a barter plan, contrary to reports in Western media.
“This agreement [between Iran and Russia] is not an oil-for-goods barter,” Mohsen Qamsari, Nationa…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous