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Translated regional report

Iranian workers' bargaining power in the pockets of Turkish brokers

Automated translation and editorial curation by WhenBuyPublished

Original report: Fars News AgencyEditorial policy

Fars News Agency

Iranian workers' bargaining power in the pockets of Turkish brokers 🔹A small office and a few chairs around Istanbul are enough to become a billionaire. Just buy Iranian steel at a high discount and then export it to Europe or Arab countries at the current price. 🔹For 2 years, Iranian steel products have not found buyers in the domestic market, and producers are forced to export at very low prices. An informed source at IMIDRO tells Fars: "Minerals, electricity, gas, and Iranian labor are being auctioned off in Turkey as steel, and Turkish brokers become billionaires without effort." 🔹Jan-Nasari, an industry expert, believes that the recession in the industry is natural and that reducing production during this period is a solution to prevent a backlog of steel products. 🔹However, another industry expert says that why should a developing country like Iran be caught in a recession and also lose its economic market diplomacy. 🔸The Steel Association has announced that it expects the government to leverage the diplomatic environment created in Shanghai and BRICS to diversify export markets so that the avenue for dumping steel to Turkish brokers is blocked. Photo: Amin Rahmani

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