Iran to raise steel import duties

Tuesday, 01 March 2016 11:22:34 (GMT+3)   |   Istanbul
       

According to Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO), Iran's deputy minister for industry, mine and trade Mehdi Karbasian has explained the performed actions related to rising tariffs on steel import and said that last week the final session of determination of the import tariffs for the next Iranian year (March 20, 2016 to March 20, 2017) was held. In the meeting the last draft of the import tariffs was finalized and the mentioned import tariffs will be discussed in the government’s next session and will be ratified after government’s verification.

SteelOrbis understands that the steel import tariffs will increase by 15 percentage points. The current tariffs on steel imports range from 10 to 20 percent.

Similar articles

Iran bans imports of 1,339 products amid currency devaluation

26 Jun | Steel News

Iran reduces import tariffs on certain flat steel products

29 Mar | Steel News

Iran plans to impose 10 percent duty on iron ore exports

20 Dec | Steel News

Iran considers iron ore export tax of up to 40 percent

24 May | Steel News

Iran increases customs duty for scrap exports to 70 percent

03 Jan | Steel News

ThyssenKrupp boycotts trade with Iran upholding stricter US sanctions

23 Sep | Steel News

Iran set to increase export duty on scrap to 70 percent

07 Jul | Steel News

Iran bans imports of 1,339 products amid currency devaluation

26 Jun | Steel News

Iran reduces import tariffs on certain flat steel products

29 Mar | Steel News

Iran plans to impose 10 percent duty on iron ore exports

20 Dec | Steel News