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17 Jul
10:25

Iran increases raw materials, semis export duties

Iranian cabinet ministers approved and announced last week an export duty increase for steelmaking raw materials and semis, implementing the duties retroactively from the start of the Iranian calendar on 21 March 2023, Kallanish notes. The export duty for raw materials and semis was previously each at 0.5% and has now risen to 2% each for billet and slab, 5% for direct reduced iron, 20% for hematite and magnetite iron ore and concentrate, and 20% for pel…
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