Dr. Keyvan Jafari Tehrani, a senior global markets expert, discussed the effects of US sanctions and declining oil exports on Iran's steel industry in an interview with Fouladban. He emphasized that the reduction in Iran's oil revenues could have a direct impact on exchange rates and the overall economic performance of dependent industries. According to him, the drop in oil exports to less than 900,000 barrels per day is a warning sign for the country's economy, with a further decline to 450,000 barrels per day expected by June 2025.
New Restrictions on Maritime Transport
Dr. Keyvan pointed out that the restrictions imposed on Iranian ships have not only limited their ability to dock at major Chinese ports but could also become even more stringent in the future. He warned that rising maritime transportation costs could increase export expenses, thereby reducing the competitiveness of Iranian steel products in global markets.
Outlook for Iran's Steel Exports
The senior global markets expert highlighted the importance of steel exports as one of the country's key revenue sources. He noted that the income from this sector is not limited to the government but also benefits private companies, factories, and mines. However, trade restrictions and challenges stemming from sanctions could make it more difficult for Iran to access target markets. He emphasized that under current conditions, countries importing Iranian steel may reduce their purchases due to external pressures.
Warning to Iranian Exporters
Dr. Keyvan concluded by advising Iranian exporters to exercise caution when providing certificates of origin for export shipments from third countries such as Oman and the UAE. According to him, this process is facing new restrictions and may soon be completely halted. Such limitations could lead to further declines in export prices and create additional challenges for industry players.
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