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05 Jun
15:53

Iran imposes steel export restrictions

Iran has imposed a requirement for all steel exports to include a certificate of production origin. This is in order to better track shipments abroad and hold on to foreign currency earned on exports, Iranian steel market sources tell Kallanish. Prior to the move some traders had been buying steel in the domestic market and exporting it using the unofficial, black market exchange rate. This puts the Iranian rial value per dollar at below that of the official, go…
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