OFAC FAQ #685 · Iran Sanctions

What is the definition of the “steel sector of Iran”?

OFAC's answer

The term steel sector of Iran means the iron-ore smelting, ferrous-scrap melting, refining, processing, or manufacturing of steel or steel products in Iran. (31 C.F.R. § 561.337; 31 C.F.R. § 562.318).

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