Denied U.S. export privileges for a period of five years, beginning November 17, 2003, in conjunction with a settlement for allegedly committing eight violations of the U.S. Export Administration Regulations; agreed to pay a $50,000 fine in conjunction with the settlement; charged with 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.

A steel company involved in the procurement of raw materials, and spare parts; supplies steel mills in Iran; exports steel products made by affiliated steel factories of the National Iranian Steel Company (NISCO); has been affiliated with Ascotec Japan K.K., Breyeller Kaltband GmbH (BKG) (Germany), Breyeller Stahl Vertrieb und Verwaltung Gesellschaft mbH (BSG) (Germany), Breyeller Spalt und Service Center GmbH (BSSC) (Germany), Esfahan Steel Co. (ESCO) (Iran), Industrial Commercial Services Co. (ICS) (Russia), Irasco SRL (IRASCO) (Italy), Mines & Metals Engineering GmbH (MME) (Germany), Metal & Mineral Trade Sarl (MMT) (Luxembourg), and United Steel Industrial Co. (UNISTEEL) (Kuwait); owned by Khouzestan Steel Co. (KSC) and Mobarakeh Steel Co. (MSC).

Registration ID is HRB 26136 (Germany).

Sanctions

As part of the re-imposition of U.S. sanctions on Iran, 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.

Previously added to the SDN list on August 3, 2010, pursuant to the Iranian Transactions Regulations, which target the Government of Iran; removed from the SDN list in January 2016 as part of the Joint Comprehensive Plan of Action, but identified as a part of the Government of Iran, prohibiting transactions with U.S. parties.