EghtesadOnline: Iranian steelmakers are bracing for a year of overcapacity, as the government’s new budget bill is set to slash the development budget, negatively affecting steel usage in the next fiscal year (March 2018-19).

EghtesadOnline: Out of 340 trillion rials ($7.9 billion) allocated to capital expenditure in the budget law for last year (ended March 20, 2017), less than 100 trillion rials ($2.32 billion) or 29.4% were realized, the secretary of Iran Road Construction Association, Ali Azad told IRNA.