Impact of US sanctions on Iran's rolled metal exports to the EU

While the European Commission has criticized US sanctions against Iran, it has significantly reduced its steel trade with Iran from last November to the current sanctions.

In the first half of 2019, the EU only imported 7,856 tons of Iranian steel, down 90% from the same period last year.

However, the EU recently created Instex, a special-purpose tool that allows transactions with Iran that are not related to the US dollar; In addition, the Washington authorities expressed their readiness to negotiate with the Tehran authorities.

Iran made its trade in Europe for the first time in July this year, with export rebar and steel wire reaching around 10,600 tons.