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As if cheap steel imports from the Association of Southeast Asian Nations (ASEAN) was not enough of a problem to handle, India's steelmakers are now fretting over heavily discounted steel imports coming in from Iran, a country that is under economic sanctions imposed by the United States.
The first consignments from Iran's Bandar Imam Khomeini port via was expected to land in Indian ports soon.
The U.S. sanctions dissuade allies from having a direct trading relationship with Iran. So, to avoid import restrictions, the paperwork of these imports is done