Escalated tension between the United States and Iran has not yet had any direct effect on steel export trade from the Middle East country, Fastmarkets has learned.
"China and Southeast Asia take the majority of Iranian material, so the situation will largely depend on traders [selling into these markets]," an Iranian industry source said.In August 2018, the US re-imposed a first tranche of sanctions against Iran after announcing its withdrawal from the nuclear agreement reached with the country under former President Barack Obama's administration. The re-imposition of...