Info:
Esfehan’s Mobarakeh Steel Company, the largest steel maker in the Middle East and North Africa region, is used as a revenue stream for Bonyad Taavon Basij’s economic conglomerate. Esfahan’s Mobarakeh Steel Company has provided millions of dollars each year to Mehr Eqtesad Iranian Investment Company, an entity with close ties to the Basij and its Bonyad Taavon Basij;
Mobarakeh Steel Company produces more than 50 percent of Iran’s steel in all major markets;
Manufacturer of hot- and cold-rolled steel, pickled coils, narrow strip coil, tinplate sheet and coil, galvanized coil, and slab;
OFAC designated Esfahan’s Mobarakeh Steel Company pursuant to E.O. 13224 for assisting, sponsoring, or providing financial, material, or technological support for, or financial or other services to or in support of, Mehr Eqtesad Iranian Investment Company;
Mehr Eqtesad Iranian Investment Company, acts as an intermediary for the economic entrenchment of the Basij and Bonyad Taavon Basij, both connected to IRGC;
Affiliated with the National Iranian Steel Company, Iran’s Ministry of Industries and Mines;
Subsidiary of the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO), in 2004, Mobarakeh Steel Complex transferred to IMIDRO its 30% holding of Ahwaz Steel Commercial & Technical Service GmbH (a.k.a. Ascotec), a steel company that, on November 17, 2003, was denied United States export privileges for five years and ordered to pay a $50,000 penalty to settle charges of violating the U.S. Export Administration Regulations by causing the exportation of vehicle spare parts, computer components, spare parts for mining machinery, switches, rotary hammers, pneumatic hammers and chisels, and electromotors, from the United States to Iran via Germany without the required authorization from the Office of Foreign Assets Control, U.S. Department of the Treasury;
According to the National Council of Resistance of Iran (NCRI), established an assembly line for the reported production of maraging steel; equipped with a pelletizing plant, iron and steel making facilities, a hot strip mill, a cold rolling mill, and a Compact Strip Production (CSP);
The State Department designated Iran’s Mobarakeh Steel Company pursuant to IFCA Section 1245(a)(1)(C)(i)(II);
Industry:
Metallurgy and Minerals
Involved In:
Nuclear Weapon Program
Missile Weapon Program
Military Weapon Program
Also Known As:
Esfehan’s Mobarakeh Steel Co.
Mobarakeh Steel Company
Esfahan’s Mobarakeh Steel Company
Mobarakeh Steel
Esfahan Mobarakeh Steel Complex
MSC
Mobarakeh Steel Mill
Established:
1992
Country:
Iran
Address:
P.O. Box 161-84815, Mobarakeh, Esfahan 11131-84881, Iran;
Mobarakeh Steel Company, Sa’adat Abad St., Azadi SQ., Esfahan, Esfahan, Iran;
Mobarakeh Steel Company, No. 2, Gol Azin Alley, Kouhestan St., Ketah SQ., Sa’adat Abad, Tehran, Iran;
Phone:
+983152733333
Website:
www.en.msc.ir
www.msc.ir
E-mail:
info@msc.ir
National ID No.:
10260289464 (Iran)
Commercial Registry Number:
411175869887 (Iran)
Person of interests:
Bahram Sobhani
Operational Scheme:
Bonyad support network IRGC’s financial lifeline
Articles/Reports:
Bonyad Taavon Sepah – Report
Reason for the color:
» Imposing Sanctions Related to the Islamic Republic of Iran Shipping Lines and Iranian Shipping Entities – January 15, 2021;
» Added to the Specially Designated Nationals (SDN) list maintained by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) on January 10, 2020 pursuant to Executive Order 13876 for being persons appointed to a position as a state official of Iran by the Supreme Leader;
» Added to the Specially Designated Nationals (SDN) list maintained by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) on October 16, 2018 pursuant to Executive Order 13224 for being owned or controlled by Mehr Eqtesad Iranian Investment Company;