A renewal of US economic sanctions against Iran is more likely to curb the country's steel capacity expansion scheme than slow its exports. Since 2015, Iran has pushed a steel sector development scheme that envisages a near-doubling of capacity by 2025. Mill projects due to be built – or already being constructed – are now expected to be seriously affected by financing issues. But its steel exports are headed mainly for the Middle East, Asia and Europe, and its deals are developed via traders without US links, meaning they are less likely to be impacted by sanctions.
A renewal of US economic sanctions against Iran is more likely to curb the country's steel capacity expansion scheme than slow its exports. Since 2015, Iran has pushed a steel sector development scheme that envisages a near-doubling of capacity by 2025. Mill projects due to be built – or already being constructed – are now expected to be seriously affected by financing issues. But its steel exports are headed mainly for Asia, the Middle East and Europe, and its deals are developed via traders without US links, meaning they are less likely to be impacted by sanctions.