Prices of Steel Mills’ Gas Feed Doubled, Raising Outcry

The Iron and Steel Council of Iran has lashed out at the decision to double gas prices for steel mills in a letter to the new Industries, Mining and Trade Minister Abbas Aliabadi.
According to the letter, which has also been signed by the heads of the Iron Ore Association of Iran and the Iranian Steel Producers Association, the measure will harm Iran’s steel production, as producers will lose the advantage of cheap gas.
The two officials noted that with the implementation of the new measure, gas prices fed to steel mills will increase 30-fold and the competitive advantage of steel production will be completely lost, which will cause many small producers to incur losses and face closure.