{"id":1072,"date":"2016-09-21T11:48:11","date_gmt":"2016-09-21T11:48:11","guid":{"rendered":"http:\/\/kjtehrani.com\/en\/?p=1072"},"modified":"2017-04-19T11:50:32","modified_gmt":"2017-04-19T11:50:32","slug":"banking-woes-afflict-irans-steel-sector-2","status":"publish","type":"post","link":"https:\/\/kjtehrani.com\/en\/banking-woes-afflict-irans-steel-sector-2\/","title":{"rendered":"Banking Woes Afflict Iran\u2019s Steel Sector"},"content":{"rendered":"<div class=\"views-field views-field-title-1 leftpart\">\n<div class=\"title\">\n<p style=\"text-align: justify;\"><span class=\"drop\">A<\/span> number of European banks are ready to cooperate with Iran following the relaxation of sanctions and the country\u2019s gradual integration into the international community.<\/p>\n<\/div>\n<\/div>\n<div class=\"views-field views-field-body rightpart\">\n<div class=\"field-content\">\n<div class=\"body\">\n<p style=\"text-align: justify;\">However, the steel sector\u2019s representatives see no obvious improvements in the mechanisms of export-import operations. So far, only small banks are interested in cooperating with Iranian companies, according to Metal Expert, a Ukraine-based provider of news and analysis on steel products and steelmaking raw materials industries.<\/p>\n<p style=\"text-align: justify;\">At present, a number of financial institutions from Italy, Austria, Switzerland, Germany and Belgium are going to strengthen ties with Iran\u2019s banking industry. Although official sources have not published the names of the banks to increase cooperation with Iran, market participants say the institutions are Austria\u2019s Raiffeisen Bank and Erste Bank, Italy\u2019s Mediobanca and Banco Popolare, Germany\u2019s EIH, KfW and AKA, Belgium\u2019s KBC, the Netherland\u2019s ING and Turkey\u2019s Halk.<\/p>\n<p style=\"text-align: justify;\">\u201cThese banks have established certain partnerships with Iran\u2019s banking sector, but they issue letters of credit with a small value\u2013$10-50 million,\u201d a financial expert said.<\/p>\n<p style=\"text-align: justify;\">At the same time, bigger banks have shown little interest in serving Iranian clients so far because they fear sanctions from the US.<\/p>\n<p style=\"text-align: justify;\">In turn, steel market participants stress that banking sector issues are still urgent.<\/p>\n<p style=\"text-align: justify;\">\u201cNow we can see that sanctions have not been cancelled altogether. It is still difficult to open a letter of credit. Foreign financial institutions cooperate with Iranian banks only on the euro basis, while the market for steel products and iron ore largely requires dollar payments,\u201d a member of the board and the head of international affairs at Iranian Iron Ore Producers and Exporters Association, Keyvan Jafari Tehrani, said.<\/p>\n<p style=\"text-align: justify;\">Large Iranian steelmakers expressed a similar opinion during the Third Iran Steel Export Perspectives Conference held in Dubai, the UAE, in early September.<\/p>\n<p style=\"text-align: justify;\">Source: <a href=\"https:\/\/financialtribune.com\/articles\/economy-business-and-markets\/50156\/banking-woes-afflict-iran-s-steel-sector\">Financialtribune<\/a><\/p>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>A number of European banks are ready to cooperate with Iran following the relaxation of sanctions and the country\u2019s gradual integration into the international community. However, the steel sector\u2019s representatives see no obvious improvements in the mechanisms of export-import operations. So far, only small banks are interested in cooperating with Iranian companies, according to Metal [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":881,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[28,21],"tags":[48,50,46,53,65,62,45,47],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Banking Woes Afflict Iran\u2019s Steel Sector - Keyvan Jafari Tehrani<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/kjtehrani.com\/en\/banking-woes-afflict-irans-steel-sector-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Banking Woes Afflict Iran\u2019s Steel Sector - Keyvan Jafari Tehrani\" \/>\n<meta property=\"og:description\" content=\"A number of European banks are ready to cooperate with Iran following the relaxation of sanctions and the country\u2019s gradual integration into the international community. However, the steel sector\u2019s representatives see no obvious improvements in the mechanisms of export-import operations. So far, only small banks are interested in cooperating with Iranian companies, according to Metal [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/kjtehrani.com\/en\/banking-woes-afflict-irans-steel-sector-2\/\" \/>\n<meta property=\"og:site_name\" content=\"Keyvan Jafari Tehrani\" \/>\n<meta property=\"article:published_time\" content=\"2016-09-21T11:48:11+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2017-04-19T11:50:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/kjtehrani.com\/en\/wp-content\/uploads\/2016\/10\/Untitled-3.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"552\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"\u06a9\u06cc\u0648\u0627\u0646 \u062c\u0639\u0641\u0631\u06cc \u0637\u0647\u0631\u0627\u0646\u06cc\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"\u06a9\u06cc\u0648\u0627\u0646 \u062c\u0639\u0641\u0631\u06cc \u0637\u0647\u0631\u0627\u0646\u06cc\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/kjtehrani.com\/en\/banking-woes-afflict-irans-steel-sector-2\/\",\"url\":\"https:\/\/kjtehrani.com\/en\/banking-woes-afflict-irans-steel-sector-2\/\",\"name\":\"Banking Woes Afflict Iran\u2019s Steel Sector - Keyvan Jafari Tehrani\",\"isPartOf\":{\"@id\":\"https:\/\/kjtehrani.com\/en\/#website\"},\"datePublished\":\"2016-09-21T11:48:11+00:00\",\"dateModified\":\"2017-04-19T11:50:32+00:00\",\"author\":{\"@id\":\"https:\/\/kjtehrani.com\/en\/#\/schema\/person\/3c8615bec78fb52c1476c9987e23179d\"},\"breadcrumb\":{\"@id\":\"https:\/\/kjtehrani.com\/en\/banking-woes-afflict-irans-steel-sector-2\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/kjtehrani.com\/en\/banking-woes-afflict-irans-steel-sector-2\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/kjtehrani.com\/en\/banking-woes-afflict-irans-steel-sector-2\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/kjtehrani.com\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Banking Woes Afflict Iran\u2019s Steel Sector\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/kjtehrani.com\/en\/#website\",\"url\":\"https:\/\/kjtehrani.com\/en\/\",\"name\":\"Keyvan Jafari Tehrani\",\"description\":\"Personal Website\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/kjtehrani.com\/en\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/kjtehrani.com\/en\/#\/schema\/person\/3c8615bec78fb52c1476c9987e23179d\",\"name\":\"\u06a9\u06cc\u0648\u0627\u0646 \u062c\u0639\u0641\u0631\u06cc \u0637\u0647\u0631\u0627\u0646\u06cc\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/kjtehrani.com\/en\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/b29d20fbd9fa444ac77fbfcdbddba504?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/b29d20fbd9fa444ac77fbfcdbddba504?s=96&d=mm&r=g\",\"caption\":\"\u06a9\u06cc\u0648\u0627\u0646 \u062c\u0639\u0641\u0631\u06cc \u0637\u0647\u0631\u0627\u0646\u06cc\"},\"description\":\"Keyvan is the owner and CEO of Jame Tejarat Company (JTC) since its establishment in 2002. He has been exporting minerals and steel value chain products especially iron ore, concentrate, HBI, steel products to various markets, but mainly to China and ASEAN countries, for about 26 Years. He has 36 years solid experience in the field of mining production &amp; export of commodities. He was a Member of the Board &amp; Head of International Affairs of IROPEX (Iranian Iron Ore Producers &amp; Exporters Association) from 2012 up to 2017. Keyvan has a Bachelor degree in Electronic Engineering, Masters degree in Medical Engineering and MBA and Phd. in Radiology from Iranian Reputable Universities and numerous post-graduation courses in Mining, Steel &amp; Management Fields from Iranian &amp; Foreign Universities. Currently, he is a Professor &amp; Senior Analyst in International Economy and Commodities and has numerous articles published in Iranian &amp; International Websites, News Agencies &amp; Media. Keyvan had 158th successful attendance as Keynote S., Speaker or panelist in International Overseas Conferences Worldwide during the past Decade.\",\"sameAs\":[\"http:\/\/kjtehrani.com\"],\"url\":\"https:\/\/kjtehrani.com\/en\/author\/kjtehrani\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Banking Woes Afflict Iran\u2019s Steel Sector - Keyvan Jafari Tehrani","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/kjtehrani.com\/en\/banking-woes-afflict-irans-steel-sector-2\/","og_locale":"en_US","og_type":"article","og_title":"Banking Woes Afflict Iran\u2019s Steel Sector - Keyvan Jafari Tehrani","og_description":"A number of European banks are ready to cooperate with Iran following the relaxation of sanctions and the country\u2019s gradual integration into the international community. 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He has been exporting minerals and steel value chain products especially iron ore, concentrate, HBI, steel products to various markets, but mainly to China and ASEAN countries, for about 26 Years. He has 36 years solid experience in the field of mining production &amp; export of commodities. He was a Member of the Board &amp; Head of International Affairs of IROPEX (Iranian Iron Ore Producers &amp; Exporters Association) from 2012 up to 2017. Keyvan has a Bachelor degree in Electronic Engineering, Masters degree in Medical Engineering and MBA and Phd. in Radiology from Iranian Reputable Universities and numerous post-graduation courses in Mining, Steel &amp; Management Fields from Iranian &amp; Foreign Universities. Currently, he is a Professor &amp; Senior Analyst in International Economy and Commodities and has numerous articles published in Iranian &amp; International Websites, News Agencies &amp; Media. 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