Treasury Sanctions Key Actors in Iran s Steel Sector marketswired.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketswired.com Daily Mail and Mail on Sunday newspapers.
Follow RT on US President Donald Trump has approved new sanctions on Iran in his final weeks in office. Washington hopes to increase the pressure on Tehran by targeting the nation’s steel sector.
“Twelve Iranian producers of steel and other metals products” were placed on a new blacklisted entities list, according to the US Treasury website. This includes the Pasargad Steel Complex and the Gilan Steel Complex Company, both of which produce millions of tons of steel billets per year.
On top of that, a Chinese carbon supplier to Iran, Kaifeng Pingmei New Carbon Materials Technology, is also embroiled in the new round of US restrictions