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Bonab Steel Industry Complex

On the SDN listEntityIRAN-EO13871

Bonab Steel Industry Complex (entity) is on the Specially Designated Nationals (SDN) list of the U.S. Treasury Office of Foreign Assets Control (OFAC). Program: IRAN-EO13871. Addresses on file in: Iran. Its property under U.S. jurisdiction is blocked and U.S. persons are generally prohibited from dealing with it.

Iran has 981 entities, vessels or aircraft with an address on the SDN list, ranking #2 among all countries. Other sanctioned entities with an address in Tabriz City are listed below.

Sanctions program

Iran: iron, steel, aluminum and copper (Executive Order 13871) IRAN-EO13871

May 2019 order targeting Iran's iron, steel, aluminum and copper sectors and those who trade with them.

Also known as

  • SHAHIN BONAB STEEL COMPLEX · aka
  • MOJTAME FOULAD SHAHIN BONAB · aka

Addresses on file

  • No 17, Sarbalai Valiasr, Tavanir Bridge, Tabriz City, Iran
  • Bonab Industrial Zone, Bonab, East Azerbaijan, Iran
  • PO Box 51576-13533, Tabriz City, Iran

OFAC remarks

Website www.mfbco.ir; Additional Sanctions Information - Subject to Secondary Sanctions; Organization Established Date 2005; National ID No. 742 (Iran) issued 2005.

Frequently asked questions

What does it mean that Bonab Steel Industry Complex is on the SDN list?

It means that its property and interests in property under U.S. jurisdiction are blocked and U.S. persons are generally prohibited from dealing with this entity. Entities it owns 50% or more of, directly or indirectly, are also considered blocked.

Can a non-U.S. company do business with Bonab Steel Industry Complex?

OFAC sanctions bind U.S. persons and companies, as well as transactions that pass through the U.S. financial system (for example, U.S. dollar payments). Some programs, such as those for Russia and Iran, include secondary sanctions on non-U.S. persons. Seek advice before transacting.

How does an entity get removed from the SDN list?

A sanctioned party can petition OFAC for removal by showing a change in circumstances. OFAC publishes removals on its website; DataCloud USA updates the list daily and marks the profiles of delisted parties.

More context: how to check if a company is debarred or sanctioned.