US blacklists companies in Iran's metals sector

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The United States has, in its most recent move to target Iran’s record-holding metal industry, issued sanctions against four steel, aluminum, and iron companies operating in the Islamic Republic, and also taken aim at the sales of Iran’s largest steel manufacturer.

On Thursday, the US Treasury Department said in a statement that it had imposed sanctions on Tara Steel Trading GmbH, an offshore subsidiary of Mobarakeh Steel Co., three overseas’ sales agents serving the steel company, and Iran-based Metil Steel.

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