Iran is now a global Pariah. A boogeyman. Attack attack attack!
The world's new 'center' of planet wide terror. (oh noooozzzzz)
Hezbollah. Republican Guard. Missile tech. Nuke tech. Energy. Exports. Strait of Hormuz. Media.... We needed a thread on Iran
(It's really BRICS v Empire isn't it Iran just gets thrown under the bus too. )
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WEAPONIZING TRADE
EU targets Iran’s steel exports with hefty duties
The European Union is targeting Iran’s hot-rolled steel, planning to hit imports from the country with punitive trade tariffs.
According to a document cited in the European media, the European Commission
is proposing duties of up to 23 percent for steel from Iran's Mobarakeh Steel Co.
European steel lobby group Eurofer is at the center of the campaign
and has forced Europe’s trade policy oversight European Commission to intervene and check imports.
The bloc’s steel producers have been pressuring the continent’s leaders to copy America’s draconian regulations,
including levies of more than 500 percent on steel imports in some cases.
Brazil, Russia and Ukraine are the other countries which the Commission plans to target with duties of up to 33 percent.
In June, China reacted furiously after the European Union set duties of up to 35.9 percent on Chinese hot-rolled steel.
Eurofer has said Iranian exports to Europe had leapt to more than 1 million tonnes annually,
accusing Mobarakeh of "trade distorting measures."
Steel is the second biggest industry in the world after oil and gas.
The commodity was Iran's largest export item after oil, gas and petrochemicals last year,
partly because of the slump in domestic construction.
Iran enjoys a competitive advantage because production costs are tied to the low energy prices in the country.
Last month, Austria said it had allocated a credit line of 1 billion euros for a major steel production project in southern Iran.
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