Border closures restricting steel exports from Iran

The steel export trade from Iran has been hurt by neighboring countries closing their borders due to the appearance of coronavirus infection in the Middle Eastern country, Fastmarkets learnt on Friday February 28.

Most of the states that neighbor the Islamic republic – Iraq, Turkey, Pakistan, Afghanistan and Armenia – closed their land borders with Iran this week amid growing regional concerns about the spread of the infection.
Other countries in the region – including Saudi Arabia, Kuwait, Jordan, the United Arab Emirates, Oman and Georgia – have also imposed travel and immigration restrictions.
Iran’s remaining land-border neighbors, Turkmenistan and Azerbaijan, were reported to be intensifying border checks to combat the spread of the coronavirus.
Over the first 10 months of the current Iranian year – from March 21, 2019, to January 20, 2020 – the country exported 2.98 million tonnes of finished steel products. Among this total, 2.27 million tonnes were long steel products, mainly rebars and…