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18 Nov
00:00

Iranian demand seen slowing further in winter, exporters needing incentives

Weak demand in Iran’s steel industry is likely to continue for the remainder of the current Iranian year (to 20 March 2015) and become yet more sluggish in winter when construction activity slows. This is according to Iranian Steel Producers’ Association board member Syed Reza Shahristani. The drastic fall in steel prices, driven by iron ore reaching a five-year low earlier this month, and dumping by China in international markets are among the f…
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