Iran suspends exports of plates and slabs until May 30

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According to the Iran Trade Promotion Organization, Iran has decided to implement a temporary export ban—effective until May 30—on products including steel slabs, hot-rolled coils, cold-rolled coils, tinplate, other coated sheets, and color-coated coils (covering 66 tariff codes). HX220BD+ZM steel strip ,No further details regarding the decision have been disclosed.

This export restriction policy comes against the backdrop of the Iranian steel industry suffering setbacks amidst the conflict involving Israel and the United States. HX220BD+ZM steel strip ,Iranian media outlet Etemad reported that damage to key production facilities has halted approximately 10 million tons of annual steel production capacity nationwide, representing 25% to 30% of the country's total capacity.

Major steelmakers such as Mobarakeh Steel Company and Khuzestan Steel Company have been affected to varying degrees. HX220BD+ZM steel strip ,Production constraints have impacted downstream steel-consuming sectors, including construction, automotive, and infrastructure.

Overall, Iran's steel exports are expected to contract significantly in the short term, potentially tightening regional supplies and further increasing uncertainty in the Middle East market.

  • Source: Abstract
  • Editor: Shirley

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