Info:
OFAC is designating Arfa Iron and Steel Company pursuant to E.O. 13871 for operating in the iron, steel, aluminum, or copper sectors of Iran;
Arfa Iron and steel Co. is the biggest supplier of raw steel ingots in Iran, and one of the leading enterprises operating at regional and national levels. Arfa is the first Iranian iron and steel complex to use direct reduction and electric arc furnace methods. Throughout its active years, the company has committed itself to quality and customer service, to which our certificate of quality management system is a proof;
According to their official website, Arfa Iron and Steel Company is owned by:
1. Chadelmu Mining and Industrial Company – 43.69%
– Entity owned by Mobarakeh Steel Company – (Sanctioned by the U.S. Treasury Department)
2. Mining and Metals Development Investment Company – 20.51%
– Entity owned by Mobarakeh Steel Company – (Sanctioned by the U.S. Treasury Department)
3. Yaran tube rolling mill company – 16.99%
4. National Investment Company of Iran – 3.87%
5. Zarinshahr Treasury Investment Fund – 3.52%
6. Omid Investment Management Group Company – 2.98%
– Owned by Bank Sepah (Sanctioned by the U.S. Treasury Department)
7. Saba Noor Mining and Industrial Development Company – 0.77%
Shareholders of these companies have connections to the terrorist organizations IRGC. Income from this company, IRGC uses to sponsor terrorist organizations, sponsor terrorist attacks around the world, develop weapons of mass destruction and new ballistic missiles;
Established:
1992
Industry:
Metal Industry
Also Known As:
Arfa Iron and Steel Company
Arfa
Country:
Iran
Address:
No. 4, 4th floor, Iraj Allay, Nelson Mandela (Africa) Street, Tehran Iran
Phone:
26215812-021
Website:
www.arfasteel.com
Email:
info@arfasteel.com
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;
» Shareholders of Arfa Iron and Steel;