Iran halts steel product exports to UAE and Kuwait

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.

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