Jan 04 2009 |
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Call for Increased Steel Tariffs
Managing director of Isfahan Steel Mill called for increasing steel import tariffs in light of reduced demand and falling prices in world markets.Bahram Sobhani told IRNA that steel import tariffs should be raised by 30 percent in order to support domestic producers, adding that increased tariffs will not push steel prices up.
He said the country needed around 20 million tons of steel last year, of which 11 million tons were produced by domestic manufacturers. "To minimize the effects of illegal sanctions on the industry, especially on the railway sector, Isfahan Steel Mill inked an agreement with the Islamic Republic of Iran Railways (IR) to produce rail tracks domestically."
Under the agreement, close to 20,000 tons of rail tracks will be produced and delivered to IR over the next month.
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