Iranian billet producers shun export market amid unfavorable conditions

Iranian steel billet producers are mostly staying away from the export market amid disadvantageous trade conditions, sources told Fastmarkets on Wednesday, January 11.

One of the main issues is the unfavorable currency rate imposed on export incomes.

Iranian exporters use the NIMA rate to exchange their foreign earnings - NIMA is the Persian...

Published

Vlada Novokreshchenova

January 11, 2023

15:57 GMT

Dnipro