Tax U-turn set to boost Iran's steel raw material exports

The Iranian government is mulling over the removal of tariffs on all ferrous exports with a tax rate of 0.5% and above, just a month after it announced a steep export rate hike in mid-July.

A memorandum issued on Monday August 14 stated that Iranian authorities had agreed on a policy to reduce tariffs on semi-finished steel products and steelmaking raw materials, sources told Fastmarkets....