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

The Islamic Republic of Iran’s Customs Administration (Irica) has announced that Iraq has temporary closed five land borders with Iran due to the Covid-19 outbreak. 


All borders are scheduled to be reopened by March 15.


However, export to Iraq’s Kurdistan continue as shipments from a previous contract are being executed. Traders have suspended all new deals, Irica, quoted by local Iranian media, said.


Iran exported 2.98mn mt of finished steel over the first 10 months of the current Iranian year (March 20, 2019-Jan 20, 2020), of which 2.27mn mt were long steel products, mainly rebars and beams.


In February, exports amounted to 675,000 mt, up by 93pc from the prior year.


Iran exports billets, slabs, rebars and beams to nations like Iraq and Afghanistan.


Exports to Turkey are subdued, as the enroute Turkmenistan border is still closed.


The Pakistan-Iranian border reopened on Sunday.



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