Chinese steelmaker Nanjing Iron and Steel Co. (Nanjing Steel) has stated that it has lately sold 7,000 mt of steel
plate for application in marine environments to
Iran.
Despite low demand in international markets since late March, steel demand in
Iran has been comparatively higher due to oil projects in the country. In this context, Nanjing Steel has sold the consignment of steel
plate in question to Iranian company Pars Oil and Gas Company (POGC), a subsidiary of state-run National Iranian Oil Company.