The flat steel import trade in Iran has been almost non-existent in the past several weeks because of currency exchange rate issues.
One of the major concerns for traders selling material to Iran and Iranian customers has been the 20% devaluation of the country's national currency, the rial, since the beginning of April.On Wednesday April 18, the rial was trading at IRR57,000 to $1 on the country's internal free market, while the official exchange rate was IRR42,127 to $1. On April 1, the equivalent figures were IRR47,680 to $1...