DRI Exports Banned

The government has banned the export of direct-reduced iron to increase supply to local downstream plants.
The directive was conveyed to the Islamic Republic of Iran Customs Administration by the Minister of Industries, Mining and Trade Mohammad Shariatmadari.
According to the directive, all producers are now required to first offer their commodities on Iran Mercantile Exchange at predetermined prices before they export. They can only export their goods, if there is zero demand for it at IME.