OFAC is designating Iranian Ghadir Iron and Steel Company pursuant to E.O. 13871 for operating in the iron, steel, aluminum, or copper sectors of Iran;
In order to advance the iron and steel industry of Iran and in line with the twenty year plan for economic and social development, Iranian Ghadir Iron and Steel Co. established in 2006, which was made possible with cooperation of Iranian mines and mining Industries Development and renovation organization (IMIDRO) and with the share of Ghadir Investment company, Chadormalu Mining & Industrial Co. (CMIC) and Iran Alloy Steel Co;
Ghadir DRI plant with annual capacity of 800,000 tons sponge iron with the aim to fulfill the needs of melting and casting units of the Yazd province and other steel producers of the country established. It is located in an area of 86 hectors, with a distance of 25 kilometers from the city of Ardakan, Yazd Province and beside the Chadormalu Pelletizing Complex and Arfa Iron and Steel Co.;
1. Chadormalu Mining & Industrial Co. (CMIC)
– CMIC was established by investment of Bank Sepah and National Iranian Steel Co. At the present time, its shareholders are Omid Investment Management Corporation, Iranian Mines and Mining Industrial Development and Renovation Organization (IMIDRO), Mines and Metals Development Investment Co. (MMDIC) and other shareholders.
2. Iron Alloy Steel Co.
Iran Alloy Steel Co. is one of the largest producers of alloy steel in Iran and Middle East and it is among the most modern alloy steel companies in the world. OFAC designated Iron Alloy Steel Co. pursuant to E.O. 13871 for operating in the iron, steel, aluminum, or copper sectors of Iran;
3. Ghadir Industrial and Mining Development International Co.
4. Shahrood Steel Co.
Darouneh Placeri Iron Ore Mine
Sourgah Manganese Mine
Torbat Heidarieh Copper Exploratory Area
Nuclear Weapon Program
Also Known As:
Iranian Ghadir Iron and Steel Co.
Iranian Ghadir Iron & Steel Co
Iranian Ghadir Iron & Steel Company
25th Km. Aradakan, Naein Road, Yazd, Iran
No. 1 34th Alley, Valiasr St., After Saei Park, Tehran, Iran
(+98 35) 31577300 – 4
(+98 21) 88875397
Reason for the color:
» 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 13871 for operating in the iron, steel, aluminum, or copper sectors of Iran;