9,612.84 TRY BIST 100 BIST 100
5.24 CNY CNY CNY
40.78 EUR EUR EUR
37.83 USD USD USD
0.13 CNY CNY/EUR CNY/EUR
45.53 TRY Interest Interest
73.74 USD Fossil Oil Fossil Oil
34.28 USD Silver Silver
5.09 USD Copper Copper
103.77 USD Iron Ore Iron Ore
356.00 USD Shipbreaking Scrap Shipbreaking Scrap
3,761.14 TRY Gold (gr) Gold (gr)

What are the new challenges for Iran's oil and steel exports amid sanctions?

Dr. Keyvan Jafari Tehrani, a senior global markets expert, discussed the impact of U.S. steel tariffs on Iran's export markets.

What are the new challenges for Iran's oil and steel exports amid sanctions?

Dr. Keyvan Jafari Tehrani, a senior global markets expert, discussed the effects of US sanctions and declining oil exports on Iran's steel industry in an interview with Fouladban. He emphasized that the reduction in Iran's oil revenues could have a direct impact on exchange rates and the overall economic performance of dependent industries. According to him, the drop in oil exports to less than 900,000 barrels per day is a warning sign for the country's economy, with a further decline to 450,000 barrels per day expected by June 2025.

New Restrictions on Maritime Transport

Dr. Keyvan pointed out that the restrictions imposed on Iranian ships have not only limited their ability to dock at major Chinese ports but could also become even more stringent in the future. He warned that rising maritime transportation costs could increase export expenses, thereby reducing the competitiveness of Iranian steel products in global markets.

Outlook for Iran's Steel Exports

The senior global markets expert highlighted the importance of steel exports as one of the country's key revenue sources. He noted that the income from this sector is not limited to the government but also benefits private companies, factories, and mines. However, trade restrictions and challenges stemming from sanctions could make it more difficult for Iran to access target markets. He emphasized that under current conditions, countries importing Iranian steel may reduce their purchases due to external pressures.

Warning to Iranian Exporters

Dr. Keyvan concluded by advising Iranian exporters to exercise caution when providing certificates of origin for export shipments from third countries such as Oman and the UAE. According to him, this process is facing new restrictions and may soon be completely halted. Such limitations could lead to further declines in export prices and create additional challenges for industry players.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Trump’s Tariffs Took a Toll on American Manufacturers’ Finances

Friday, March 28, 2025

ArcelorMittal Industeel and EDF Renewables announced the construction of a solar plant in France

Friday, March 28, 2025

IFC's EUR 250 million financing support to Aperam for decarbonization in steel production

Wednesday, March 26, 2025

Kuwait Gains Access to Global Debt Markets After Law Amendment

Friday, March 28, 2025

China's international trade volume increased by 14% in February

Friday, March 28, 2025
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now