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15 Mar
10:28

Iran increases 11-month iron and steel exports

Iran's exports of iron and steel products surged in the first 11 months of the Iranian calendar year – 21 March 2023-19 February 2024 – compared to the previous year. This was achieved despite a government decree requiring exporters to convert foreign earnings at the Nima exchange rate, which is almost 25% lower than the free market rate, and export duties on raw materials and semis. Iran's domestic iron ore resources and natural gas used in i…
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