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20 Mar
17:24

Iranian government reins in exports

Iran has implemented a ban on steel exports by anyone other than steel producers who have received industry ministry approval, according to a report on the Iranian Steel Producers’ Association’s online Chilan portal. The move is primarily to ensure foreign currency earned on exports is returned to the exchequer. This is all the more important since Iran’s cutting off from the global payment system by re-imposed US sanctions. Also prom…
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