Iran's two largest steel plants have been shut down due to multiple rounds of US-Israeli air strikes, the companies operating them say. Our initial estimate is that restarting these units will take at least six months and up to one year, Mehran Pakbin, deputy head of operations at the Khuzestan Steel Company in south-western Iran, was quoted as saying by Iranian media. Mobarakeh Steel Company stated its production lines had completely shut down following the high volume of attacks. The strikes, reportedly initiated by Israel in coordination with the US, are expected to severely impacting Iran’s economy.
Iran ranks as the 10th largest producer of steel globally, using steel for both domestic purposes and export. The halt in production could drastically affect supply chains and businesses across the country, already distressed by years of extensive Western sanctions. The Israeli military’s actions are claimed to be targeting facilities linked to Iran’s Islamic Revolution Guard Corps (IRGC). The IRGC has retaliated to these actions by targeting US-linked facilities in the Gulf region.
In recent developments, missile attacks from Iran on various targets and reported strikes on civilian infrastructure within Iran, including attacks on health facilities, signal an escalating conflict. US President Donald Trump and defense officials have threatened further actions against Iran, emphasizing the serious nature of the current tensions. The ongoing situation is complicated as Iran endures an internet blackout, hampering efforts to verify information amid the crisis.
Iran ranks as the 10th largest producer of steel globally, using steel for both domestic purposes and export. The halt in production could drastically affect supply chains and businesses across the country, already distressed by years of extensive Western sanctions. The Israeli military’s actions are claimed to be targeting facilities linked to Iran’s Islamic Revolution Guard Corps (IRGC). The IRGC has retaliated to these actions by targeting US-linked facilities in the Gulf region.
In recent developments, missile attacks from Iran on various targets and reported strikes on civilian infrastructure within Iran, including attacks on health facilities, signal an escalating conflict. US President Donald Trump and defense officials have threatened further actions against Iran, emphasizing the serious nature of the current tensions. The ongoing situation is complicated as Iran endures an internet blackout, hampering efforts to verify information amid the crisis.
