UANI

"Iran plans to increase steel output, becoming an exporter of the metal, after U.S.-led sanctions over the country’s nuclear program reduced imports by 30 percent, an executive from the Islamic republic’s Esfahan Steel Co. said . . . Russian companies including OAO Magnitogorsk Iron & Steel and Metalloinvest (METIN) have been supplying steel to Iran." (Bloomberg, "Iran Plans To Raise Steel Output After Sanctions Cut Imports 30%," 6/26/12)