It is expected that the financing difficulties brought about by the United States’ resumption of economic sanctions against Iran will severely crack down on new steel plant projects or ongoing steel projects. Sources said that due to the uncertainty of U.S. policy, many steel-related projects have come to a standstill. For these projects, financing has always been a big problem because they are only allowed to cooperate with banks that have no relationship with the United States.

If Iran cannot cooperate with European metallurgical equipment manufacturers, it is expected that Iran will shift more to China to seek the technical equipment required for steel and metal development projects.