Iran halts steel product exports to UAE and Kuwait

Iran halted exports of steel to the UAE and Kuwait following the escalation of tensions between Iran and Saudi Arabia, a member of the association of Iranian steel producers, Reza Shahrestani, said.

“Most of our products go to Iraq and Afghanistan, therefore cutting trade ties with these countries [the UAE and Kuwait] will not have an impact on our exports,” Trend cited Shahrestani as saying.

Iran in total exported about 3 million tons of steel and about 300,000 tons of the produced steel go to Kuwait and the UAE -  10% of total steel exports, ISNA reports.