Aluminium Industry Organization Says Trump Administration Metals Sanctions Won’t Slow Iran’s Exports To Neighbors

Aluminium Industry Organization Says Trump Administration Metals Sanctions Won’t Slow Iran’s Exports To Neighbors

Sanctions laid upon Iran’s aluminium and steel sector will not interrupt exports from the country’s producers to its neighbors. Such was the message conveyed by the secretary of the Iran Aluminum Industries Syndicate Abolfazl Rezaiee to domestic media on Sunday.

“Afghanistan, Turkey and Iraq are our major exports destinations for aluminum and the recent US-led sanctions will have no impact on exports to these countries unless banking difficulties impede us from the set target,” he declared.

Rezaiee continued by noting that, though sanctions may nudge prices upward, his country’s primary obstacle continues to be obtaining raw materials. Such materials are bought from overseas suppliers, with whom Iranian firms have bartered in the past to avoid previous sanctions.

One day prior to Rezaiee’s comments the Chairman of Iranian Steel Producers Association (ISPA) Bahram Sobhani called upon his own government to adjust internal regulations to ease steel producers’ efforts at adjusting to sanctions.

“To reduce impacts of sanctions, internal instructions should be facilitated and existing barriers should also be removed,” he continued.

In order to mitigate problems created by United States sanctions, Sobhani said that, “under such circumstances, domestic steel producers are advised to produce steel in the country.”

The Trump Administration issued sanctions upon Iran’s metals industry in response to the country’s announcement that it would relax compliance with the nuclear nonproliferation guidelines the government established for itself. The Administration warned that this would be the first of many such moves should Tehran continue to move toward a viable nuclear weapons program.