Iran to impose 30% export tax on scrap
Iran's government decided to impose a 30% tax on export scrap, which has brought resentment from scrap traders because they will have to face the difficult situation of an export and price war among domestic steel manufacturers.
Iran's government also decided to impose a 30% tax on export slab and plate billet one month ago.
On the other hand, a domestic steel mill estimated that Iran needs around 15 million tonne of scrap per year. The 30% export duty is not sufficient to prevent exports, which would require 50% duty.
Source: Yieh.com
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