Info:
Metil Steel is an Iran-based steel producer and exporter that is majority-owned by Mobarakeh Steel Company;
Mobarakeh Steel Company, the largest flat steel producer in the Middle East and North Africa region, which accounts for approximately one percent of Iran’s gross domestic product was also designated in 2020 for operating in Iran’s steel sector, and was sanctioned by the seven member nations of the Terrorist Financing Targeting Center in October 2019 for being part of Iran’s terror support network. Sales agents generated tens of millions of dollars annually from the foreign sale of Mobarakeh Steel Company products, providing significant contributions to the billions of dollars generated overall by Iran’s steel, aluminum, copper, and iron sectors;
Mobarakeh Steel Company has provided millions of dollars annually to Mehr Eqtesad Iranian Investment Company, an entity with close ties to Iran’s paramilitary Basij force, which is controlled by the IRGC, and its Bonyad Taavon Basij;
“The Iranian regime continues to use profits from metals manufacturers and foreign sales agents to fund destabilizing behavior around the world,” said Secretary Steven T. Mnuchin. “The United States remains committed to isolating key sectors of the Iranian economy until the revenues from such sectors are refocused toward the welfare of the Iranian people.;
Shareholders:
1. Mobarakeh Steel
2. IRITEC
– IRITEC is working on projects that are owned by sanctioned/designated entities by the U.S. Treasury Department:
3. Tuka Foolad Co.
According to company’s website, Metil Steel partners are:
1. SABA Steel
– OFAC designated Saba Steel pursuant to E.O. 13871 for operating in the iron, steel, aluminum, or copper sectors of Iran;
2. Golgohar Mining and Industrial Company
– OFAC designated Golgohar Mining and Industrial Company pursuant to E.O. 13871 for operating in the iron, steel, aluminum, or copper sectors of Iran;
3. ChadorMalu Mining and Industrial Company
– OFAC designated ChadorMalu Mining and Industrial Company pursuant to E.O. 13871 for operating in the iron, steel, aluminum, or copper sectors of Iran;
4. Arak Steel
5. Noor Steel
6. Folad Gostar
7. Sahand Steel
8. Sanikaveh
9. Toos Steel
10. South Steel Company
– OFAC designated South Kaveh Steel Company pursuant to E.O. 13871 for operating in the iron, steel, aluminum, or copper sectors of Iran
11. Sadid-Mahan
Industry:
Steel Industry
Also Known As:
Metil Steel Co.
Metil Steel Company
Country:
Iran
Address:
No. 69, Vahid Dastgerdi Street, Shariati Avenue, Tehran 1911834713, Iran
Phone:
0098(21) 22253368 , 22253386 , 22256471
Registration Number:
85760 (Iran)
National ID.:
10101302100
Website:
www.metilsteel.ir
E-mail:
info@metilsteel.ir