Iran suspends exports of steel slabs and sheets until end of May

Iran has banned the export of steel slabs and sheets until May 30, state media reported on Monday without further details, as the country's steel industry has been targeted in strikes during the conflict with Israel and the United States.Around 10 million tonnes of Iran’s annual steel production capacity, or 25 percent to 30 percent of its total output, was knocked offline following damage to key facilities, the newspaper Etemad had reported on Sunday.For all the latest headlines, follow our Google News channel online or via the app.Major producers, such as Mobarakeh Steel Company and Khuzestan Steel Company, were hit during the war. The resulting disruption to production has sent shockwaves through industries including construction, automotive and infrastructure, according Etemad.A member of the Iran Chamber of Commerce’s board of representatives said the steel sheet market is expected to stabilize within two months as imports offset shortages and curb speculative demand, according to

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