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Iraq, Afghanistan, Turkey proper markets for Iran copper during sanctions – Mr Kourosh Shabani

Metal News - Published on Thu, 16 May 2019

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Tehran Times reported that Iraq, Afghanistan and Turkey are appropriate markets for Iran’s copper during the sanctions time, Kourosh Shabani, the vice chairman of National Iranian Copper Association, said in an interview conducted by the news portal of Iran Chamber of Commerce, Industries, Mine and Agriculture. In a statement released on May 3, US President Donald Trump said that the new anti-Iran sanctions target Iran's revenue from the export of industrial metals. He also warned other countries that "allowing Iranian steel and other metals into your ports will no longer be tolerated.”

The announcement was made on the first anniversary of Washington's unilateral withdrawal from the nuclear agreement officially called the Joint Comprehensive Plan of Action.

Since then, the Trump administration has reimposed sanctions on Iran's energy, shipbuilding, shipping, and banking sectors under a campaign of “maximum pressure” against the Islamic Republic.

Iranian officials said that the new US sanctions do not affect Iran’s metal industry significantly as the country has its own customers for these products.

On May 12, Iran’s deputy minister of industry, mining and trade said the country is not much concerned about the United States’ recent sanctions on its metal exports, as Iranian steel, copper and aluminum have already their own customers.

In an interview conducted by Tasnim news agency, Mr Jafar Sarqini said that the fresh restrictive measures imposed by the US president on Iran’s iron, steel, aluminum, and copper sectors, seem "unlikely" to significantly affect the country's metal industry. He said that "There is not much concern about these sanctions as Iranian steel, copper and aluminum have their own special customers in the world."

Mr Sarqini also stressed that Iranian goods in the metal sector have high-quality and meet global standards. He added that "There is no specific problem regarding the selling of Iranian metals in the international markets because they always have their special customers due to their high quality and value."

The official also noted that Iran's exports in the metal industry sector did not decline over the past year following Washington’s withdrawal from the nuclear deal, but rather increased compared to its previous year.

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Posted By : Rabi Wangkhem on Thu, 16 May 2019
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