Iran Bans Steel Product Exports, Effective April 26

Central News Agency (Paris, April 28, comprehensive foreign report) Iranian media reported today that customs authorities have stated that Iran has banned steel product exports since April 26. The country's steel industry has become a target of airstrikes in the war with Israel and the United States. Fars news agency reported that the Iranian customs authorities issued instructions "regarding the prohibition of exports" of steel materials, including slab steel, steel plates, and strip steel products, effective from April 26. Steel is a strategically important material for various industries and is crucial for military production, such as missiles, drones, and ships. According to AFP, before the ceasefire took effect on April 8, Israel stated that its airstrikes had destroyed 70% of Iran's steel production capacity and also hit petrochemical facilities and transportation infrastructure. These losses could have a long-term impact on the Iranian economy. The Iranian economy was already struggling due to sanctions before the outbreak of the war, with inflation nearing 50%. (Compiler: Yang Zhaoyan) 1150428. Choose to stand with facts; every sponsorship you provide is a force to protect press freedom. Download the Central News Agency "First-hand News" APP to stay updated with the latest news in real-time. The text, images, and audio/video on this website may not be reproduced, publicly broadcast, publicly transmitted, or utilized without authorization.