Minews - Iranian steel export permission extended

(Minews) - The Ministry of Industry, Mine, and Trade has indefinitely extended the permission for exporters to export steel products, according to the Iranian Steel Producers Association (ISPA).

“Exporting steel will continue to be allowed with observance of set tariffs,” IRNA quoted Abbas Hosseini, the general manager of import and export regulations bureau at the Industry Ministry as saying on Sunday.

Steel exports had been banned until late 2013, after which the Ministry gave the green light to the exports from January to June 2014 and later extended the permission until the end of the last Iranian calendar year (March 20).

Based on official statistics by the Customs Administration, Iran exported more than 2 million metric tonnes of steel in the year last Iranian year, while the overall exports during the two previous years barely reached 200,000 tonnes.