Iran Plans to Raise Steel Output After Sanctions Cut Imports 30%

Iran plans to increase steel output, becoming an exporter of the metal, after U.S.-led sanctions over the country’s nuclear program reduced imports by 30 percent, an executive from the Islamic republic’s Esfahan Steel Co. said.

“Imports became difficult,” Mansour Yazdizadeh, deputy managing director at Esfahan, told a Metal Bulletin conference in Moscow, as sanctions on international payments were enforced.