Iran Taxiation on Imported Steel
Date:2016-09-01 View(s):1909 Tag:imports of steel, steel market, steel price, steel imports
Quick News:
Iran started an 4% tax for imports of steel from all countries in this week. It will increased the imports cost apparently.
Steel Market in Iran:
Steel market in Iran is generally calm currently, the basic steel price is stable, and the demand is still weak. The billet transaction price remained at 1290 to 1295 million riyals/tonne (USD 363-364 per ton). The domestic billet supply has been suspended imports. While the rebar is sold for 1495 to 1500 million riyals per ton, and hot rolled sold for 1560 to 1790 million reais per ton. Due to the rising cost of steel imports, some traders reluctant to sell pre-imported resources and prices are rising. Imports of hot rolled coil prices rose by 1.6 percent in CIS. Due to the sharp economic downturn and the reduction of the natonal budget, the Iranian domestic steel demand remains weak. It is said that before the government started construction of a large number of housing but not yet been completed. The setel consumption is very depressed in urban infrastructure industry, and the industrial steel consumption may tend to rise.
