Info:
Pacific Steel FZE is established in 2004 in Jebel Ali Free Zone. Pacific Steel FZE is registered as General Trading Company in Jebel Ali Free Zone and major business activity is steel products trading;
Pacific Steel FZE, is UAE-based sales agents and trading company that is majority-owned by Mobarakeh Steel Company and have engaged in the import and export of Iranian metal products in the region;
Pacific Steel FZE has marketed itself as a steel supplier for clients in the Middle East and African countries, operating with an export customer code from Mobarakeh Steel Company. During the same timeframe, it engaged in the equivalent of nearly one million dollars-worth of trade with, and maintained account balances with, 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;
“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.;
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;
Industry:
Steel Industry
Established:
2004
Also Known As:
Pacific Steel FZE
Country:
United Arab Emirates
Address:
Office Number LB16610, P.O. Box 261027, Jebel Ali Free Zone, Dubai 261027, United Arab Emirates
Lb16, Jebel Ali, Dubai, United Arab Emirates; P.O. Box 261027, Dubai, United Arab Emirates
Phone:
49-21-169-0620
License:
4736 (United Arab Emirates)
Registration Number:
11444102 (United Arab Emirates)
alt. 87726 (United Arab Emirates)
Website:
www.pacificst.com
E-mail:
info@pacificst.com