Iran's steel export increases 11 percent

Young journalists club

News ID: 31707
Iran » Iran
Publish Date: 13:19 - 19 November 2018
TEHRAN, November 19 - Iran's Deputy Minister of Industry, Mine and Trade said no sanction could succumb the country's mine industries.

Iran's steel export increases 11 percent

TEHRAN, Young Journalists Club (YJC) - "Mine industry has seen the least harm in sanctions, and no matter how much the sanctions get stronger , we are resilient, and this industry can be a strong barrier against cruel sanctions" Jafar Sargheini said.

The deputy minister added that steel export has had a 11-percent growth, surpassing $1600 billion this year.

"No sanctions can dismantle the mining industry, and we overcome the sanctions with the help of mining [industry], and the mine is strong barrier against this issue".

This is while earlier this month, the administration of US President Donald Trump announced the re-imposition of the “toughest” sanctions ever against Iran's banking and energy sectors with the aim of cutting off the country's oil sales and crucial exports.

The announcement came after Washington withdrew in May from the landmark Iran nuclear agreement, officially known as the Joint Comprehensive Plan of Action (JCPOA), and decided to re-impose unilateral sanctions against Tehran.

Under the deal, reached between Iran and the P5+1 group of countries - the US, Britain, France, Germany, Russia and China - in 2015, Iran undertook to put limits on its nuclear program in exchange for the removal of nuclear-related sanctions.

A first round of American sanctions took effect in August, targeting Iran's access to the US dollar, metals trading, coal, industrial software, and auto sector.

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