Info:
Jiangyin Mascot Special Steel Co., Ltd. was established in 2007, Our company’s mainly produces are precision special strip steel for spring steel, tool steel, bearing steel, high quality carbon structural steel, alloy structural steel and so on. Products are widely used in automotive parts, hardware parts, textile accessories, agricultural tools, electronics, chains，knifes and others;
The State Department is designating the PRC-based Jiangyin Mascot Special Steel Co., LTD pursuant to Section 1245(a)(1)(C)(i)(II) of IFCA. Jiangyin Mascot Special Steel Co., LTD knowingly transferred grain-oriented electrical steel to Iran via the Islamic Republic of Iran Shipping Lines (IRISL) (and thus this grain-oriented electrical steel was transferred to IRISL); IRISL is an Iranian person on the SDN list;
As a part of this action, the State Department is imposing sanctions on IRISL pursuant to Section 1245(a)(1)(C)(i)(II) of the Iran Freedom and Counter-Proliferation Act (IFCA). IRISL knowingly transferred, directly or indirectly, to Iran grain-oriented electrical steel to at least one Iranian person on the List of Specially Designated Nationals and Blocked Persons maintained by the Office of Foreign Assets Control of the Department of the Treasury (SDN List);
IRISL has transported prohibited military-related cargo and facilitated shipments destined for Iran’s Ministry of Defense and Armed Forces Logistics (MODAFL) and MODAFL subordinates. IRISL has been sanctioned by the U.S., UN, EU and other parties for its role in advancing Iran’s nuclear and ballistic missile programs;
Industry:
Steel Industry
Involved In:
Nuclear Weapon Program
Missile Weapon Program
Also Known As:
Jiangyin Mascot Special Steel Co., LTD
Jiangyin Mascot Special Steel Company
Jiangyin Mascot Special Steel Co.
Country:
China
Website:
www.mascot-metal.com
E-mail:
info@mascot-metal.com
Reason for the color:
» Imposing Sanctions Related to the Islamic Republic of Iran Shipping Lines and Iranian Shipping Entities – January 15, 2021;