Iranian sources told S&P Global Platts that new US sanctions on Iranian steel exports are likely to have little impact as pricing remains attractive to Asian buyers.
One trader said: “The recent US sanctions are not expected to have much of an impact on Iranian steelmakers if steel prices remain attractive. Even during the previous sanctions, Asian buyers did not postpone purchases in Iran. So I don't think these new sanctions will have any effect, especially now that the rial has depreciated. "
However, some traders admit that the new sanctions could affect sentiment. They said: “Sanctions are certainly not without consequences; some clients may not want to do business with Iran. These sanctions could create more obstacles to trade with Iran than the previous round of secondary sanctions. As a result, insurance and shipping costs may increase. ”
Impact of US sanctions on steel exports from Iran
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Azovpromstal® 21 January 2020 г. 10:51 |
