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07 Feb
10:07

Iran prepares to cut steel export duties

The Iranian government has approved the Economic Commission's proposal to reduce export duties for steel-making raw materials and semi-finished steel, notes Kallanish. The tariffs dropped on iron ore pellets from 20% to 1%, on iron ore concentrate from 20% to 5% and on direct reduced iron from 15% to 12%. In the semi-finished segment for slabs and billets, it was recommended that export duties be halved to 1%, Kallanish learned from reputable sources. The decr…
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