By Staff Writer
Russia and Kazakhstan are starting to cut back their sales of hot-rolled steel coils to Iran as a result of incoming US sanctions on the Iranian Regime, according to steel traders.
The hot-rolled steel coils imported from Russia and Kazakhstan, which are used in various industries from motoring to electronics to farming, were being shipped to Iran by Russia’s Severstal and MMK and Kazakhstan’s ArcelorMittal CIS.
By Mahmoud Hakamian
Iran’s car import business and the role the government and family mafia groups play in it has turned into a controversial issue among regime officials and media.
The government linked mafia’s role in the country’s car import business is so obvious that regime president Hassan Rouhani was forced to acknowledge that “government officials have been involved in illegal car imports.”