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Iran steel industry in discussion for trade policymaking-The 19th China (Guangzhou ) Int’l Casting product Exhibition
9/6/2017 铸件展-casting expo-Die-casting expo-foundry expo |
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Financial Tribune reported that Iran’s mining sector, especially the steel industry, has borne the brunt of trade-related discussions in recent years. The government has officially warned the former of engaging in exports of what it calls “unprocessed minerals” and the latter’s struggle with an onslaught of cheap Chinese offerings that have made imports its life-long nemesis.
But the bigger picture is more complicated than what the policymakers make it to be. Sealing one valve could lead to a speedier flow in a different direction, but the pressure it builds up might cause damage beyond repair. Accordingly, this is how the government-enforced decision-making process continues in Iran: introducing a one size fits all solution and turning to another issue due to a short attention span.
Iran’s large steelmakers and some of their downstream users have been locked in a dispute over local market supply for a few years now and the government’s slowness to react to the situation has mostly exacerbated it. Steelmakers are now calling for lowering the tariff wall on certain products to rebalance the market.
There are currently duties up to 20% on less than 3-mm hot rolled coil and 20 to 10% on certain sizes of cold-rolled coil.
Mr Bahram Sobhani managing director of Mobarakeh Steel Company, was quoted as saying by SMT daily that “Trade logic dictates exporting the higher value-added product and importing what is needed in the local market. For instance, the thin coil needed by pipe and profile producers does not have much value-added, so it can be imported to meet domestic demand. The same scenario can be applied to beams and rebars, too. This is what free trade means and it is taking place all over the world.”
The official pointed to large steel producers and consumers such as the European Union, Turkey and South Korea as examples. The EU, for instance, uses more steel than it produces, yet it does not give up on exports. Turkey and South Korea also focus on exports and strive to maintain their export markets, while also importing what their consumers require in high tonnages.
Mr Sobhani emphasized that what matters for Iran’s steel trade is sustaining a high net export, which is already taking place.
According to data from Iran Steel Producers Association, Iran exported 2.13 million tonnes of semi-finished steel and 414,000 tonnes of finished products during the first four months of the current fiscal year (March 21 to July 22).
铸件展-铸件采购会-国际铸件展-2018第十九届广州国际铸件展会-巨浪展览
-The 19th China (Guangzhou ) Int’l Casting
product Exhibition
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