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The Economic Times

Top News / The Economic Times

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Iran suspends exports of steel slabs and sheets until end of May amid war strikes

US-Iran war: Tehran has halted steel exports until May 30. Strikes linked to regional conflict damaged key steel facilities. This has impacted construction and automotive sectors. Imports are expected to stabilize the market. Restoring full production could take up to a year. The disruption threatens Iran's export earnings and could lead to job losses and inflation.

27 Apr 2026 3:30 pm