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27 Apr
10:31

Iran reduces export tariff rates following criticism

Iran’s mining and trade ministry has revised down the export duty tariffs it announced only two weeks ago. This comes after it received criticism from the local steel sector, while the price correction in global steel markets has diminished Iranian steel mills’ export chances, Kallanish understands. The Iranian government has set new fixed export duty rates on current export quotes for hot rolled and cold rolled coil at 2%, rebar at 5%, billet and bloo…
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