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Trump Trade War - Iran must raise steel import tariff

Steel News - Published on Tue, 13 Mar 2018

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IFP News reported that an Iranian parliamentarian has urged the government to increase tariffs on importing steel, saying that otherwise the US steel tariff hike could negatively affect the Iranian steel industry. Iranian lawmaker Ramezan-Ali Sobhanifar said that “Considering the fact the US is a major consumer of steel, the tariff increase could push major steel producers to look for new markets.”

Mr Sobhanifar said that The US steel industry is under threat because it is incapable of competing with Chinese or even European steel producers, adding that such a situation could threaten Iranian steel industry too.

He said that “Countries with low steel tariffs could be good export markets for these producers.”

However, the lawmaker said Iran’s steel industry can fulfill the domestic demand and the country needs no steel imports.

He said that “So we need to increase steel tariff to the extent that major producers see no benefit in trying to penetrate into the Iranian market.”

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Posted By : Nanda Koijam on Tue, 13 Mar 2018
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