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US agrees to grant India waiver from Iran sanctions-The 20th China (Guangzhou ) Int’l Casting product Exhibition
11/7/2018 铸件展- casting expo-Die-casting expo-foundry expo |
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India and the US have broadly agreed on a waiver from Iran sanctions but India will cut oil import by a third.
The US re-imposed oil sanctions on Iran since November 4th to choke their financial, insurance and shipping. India was one of the major exporters of ferroalloys and graphite to Iran and in turn sources crude oil and iron ore.
Now India''s waiver must be benefit on their traders of steel, ferroallys and graphite. Besides, two countries negotiated the payment under which 55% was made in euro and 45% in rupee through UCO Bank.
Iranian steel markers KSC and ESCO agreed to reduce oil exporting to exchange India''s waiver from sanctions, because graphite demand was huge for local E/F mill, among 85% import from India and China. Even stock was sufficient for current production, they still worried about future supply under sanctions.
铸件展-铸件采购会-国际铸件展-2019第二十届广州国际铸件展会-巨浪展览
-The 20th China (Guangzhou ) Int’l
Casting product Exhibition
-Casting product Exhibition, 2019 casting
product Exhibition, China Casting product Exhibition, Casting Exhibition, China
Casting Exhibition, 2019 Casting Exhibition, Casting product Expo, 2019 casting
product Expo, China Casting product Expo, Casting Expo, China Casting Expo,
2019 Casting Expo,
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