Metinvest is interested in the steel market of Iran and plans to certify its large-diameter pipes to be able to sell them to oil companies.
“We’re watching international sanctions. They have been cancelled, but still there are issues with financing by major banks. If all the issues with financing are settled, Iran will be an interesting sales market with the local consumption on the level of 25-26 million tons and imports of 4.1 million tons in 2015”, said the company marketing director Roman Kurashev.
Before sanctions were imposed Metinvest supplied rails and hot-rolled sheets to Iran. In 2009 the company supplied 50 thousand tons of metal to Iran, but from 2010 deliveries stopped. (Ukrainian metal)