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Iran Thaw Seen Re-Stoking $6 Billion Market for Steel


Global steelmakers have Iran in their sights.

Even after seven years of international sanctions and the economic pain they’ve inflicted, the Islamic Republic still consumes more steel than France or the U.K. It’s a major carmaker and needs massive infrastructure for its oil and gas industry, consuming about 20 million tons a year of the metal, most of it homemade.