Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Iran’s Ports and Maritime Organisation (PMO) announced on April 7 that cargo movement at ports will continue while complying with the safety rules and procedures provided by the government authorities. 

 

Among other products, Iran is also known to export finished and semi-finished steel. With the ports functioning, loading and unloading of cargo will continue despite the lockdown. Iran’s incoming and outgoing metal cargo throughput in March 2020 was 638,817 TEU up by 7.2pc from 595,750 TEU in March 2019. 

 

PMO head Mohammad Rastad also stated that development process of Shahid Rajaei port located at the southern province of Hormozgan remains unhampered. Expansion of about 900 meters of dock at the port’s phase three of container part is likely to be concluded and innaugrated in the Iranian year 2020-21 which began on March 21. 

 

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