Russia, Kazakhstan Slash HRC Exports to Iran

Russia and Kazakhstan are temporarily stepping back on sales of hot-rolled steel coils to Iran partly over the prospects United States reimposing sanctions on Tehran in August, steel traders said.

However, trade statistics show that local output ca…

Russia and Kazakhstan are temporarily stepping back on sales of hot-rolled steel coils to Iran partly over the prospects United States reimposing sanctions on Tehran in August, steel traders said. However, trade statistics show that local output can easily replace the CIS supply, already...