Iran says steel industry growing after US turns up sanctions heat

Young journalists club

News ID: 44642
Iran » Iran
Publish Date: 17:17 - 25 December 2019
TEHRAN, Dec 25_Iran’s industrial metals, specifically steel, are the latest target in the Trump administration’s maximum pressure campaign, but officials say the sector is unfazed and keeps growing.

Iran says steel industry growing after US turns up sanctions heatTEHRAN, Young Journalists Club(YJC)_Earlier this month, the US government launched the latest salvo in the campaign as it warned against exports of steel-making materials to Iran.

The US Department of State cautioned that those involved in transfers or exports to Iran of graphite electrodes and needle coke, which are essential materials for Iran's steel industry, were at risk of sanctions regardless of their nationality or location.

Iran’s Minister of Industry, Mine and Trade Reza Rahmani put the damper on Washington’s haughty grandstanding, saying Iranian producers had obtained the technology to make graphite electrodes.

“In the steel field, we identified the production of graphite electrodes as a chokehold and produced it domestically,” Rahmani said last week.

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