May 2022

Nepal’s steel import tariff reaches up to 30% It is reported that the Nepalese government imposed import tariffs on several steel products in its annual budget announcement on May 29, 2022, in order to control foreign exchange expenditures amid rising inflationary pressures. The government has...

The Director General of Iran’s Mineral Industry has lowered the export tariffs on billets and slabs from the previously announced 11% and 17% to 2% and 5%, respectively, in the latest announcement. Meanwhile, the latest amendment completely eliminates export tariffs on flat and long materials. So...