According to the official website of ASCOTEC, KSC – Khouzestan Steel Company is official business partner with ASCOTEC. KSC – Khouzestan Steel Company is Iranian entity, with an annual capacity of 3.6 million tons KSC – Khouzestan Steel Company is the largest crude steel manufacturer in Iran. Slabs, Blooms and Billets are produced to international standards and exported to the global market.
The ASCOTEC [established in 1990] is owned by the Iranian regime and is subordinate to the Iranian Ministry of Industries and Mines (IMIDRO).
ASCOTEC it is added on November 5, 2018 to the Specially Designated Nationals (SDN) list maintained by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC), freezing its assets under U.S. jurisdiction and prohibiting transactions with U.S. parties, pursuant to Executive Order 13599, which targets entities controlled by the Government of Iran and Iranian financial institutions; foreign parties facilitating transactions for the entity or otherwise assisting the entity are subject to U.S. sanctions.
Source » ascotec.com/about-us/references