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: Steel usage in Iran during the first four months of the current fiscal year (March 21-July 22) stood at 11.61 million tons, up 8.62% year-on-year.