[SMM Steel] Iran suspends flat steel exports until end-May amid conflict-driven supply disruptions

Published: Apr 28, 2026 15:07

Save

[SMM Steel] Iran has halted exports of flat steel products, including plates and HRC, until May 30, following severe damage to its steel industry from ongoing conflict. Around 10 mln mt of annual capacity (25–30%) has been disrupted, impacting major producers such as Mobarakeh Steel Company and Khuzestan Steel Company. The supply shock is expected to tighten global availability, particularly for semis and flat products, while domestic industries face rising input costs. Although imports may partially stabilize Iran’s market in the short term, full production recovery could take 6–12 months or longer, with broader economic and trade impacts anticipated.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

8 mins ago

[Fangda Special Steel: Net Profit of 108 Million Yuan in Q1]

Fangda Special Steel announced that the company achieved revenue of 3.999 billion yuan in Q1 2026, down 7.96% YoY; net profit attributable to shareholders of the publicly listed firm was 108 million yuan, down 56.89% YoY.

8 mins ago

1 hour ago

Data: SHFE, DCE market movement (Apr 28)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 28 Apr , 2026

1 hour ago

2 hours ago

[SMM Steel] EU sets new steel import quotas at 18.35 mln mt with higher safeguard tariff

[SMM Steel] European Union announced new steel import regulations effective July 1, 2026, replacing existing safeguards. Total tariff-rate quotas (TRQ) are set at 18.35 mln mt annually, with duty-free access within quotas and a sharply higher 50% tariff applied beyond quotas (vs. 25% previously). The system will be managed quarterly, with carry-over flexibility in the first year. Key allocations include HRC (~5.2 mln mt) and coated steel products. The measure applies broadly to third countries to curb import surges and protect domestic producers, while also signaling a gradual phase-out of Russian steel imports by 2028.

2 hours ago