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 reported that its production lines had completely shut down following the high volume of attacks. The strikes could significantly affect Iran's economy, already strained by Western sanctions, which heavily impact the steel sector. Iranian Foreign Minister Abbas Araghchi mentioned that Israel targeted not only these steel factories but also power plants and nuclear sites. Israeli sources claim the strikes could result in billions in damages to the Iranian economy, linking the plants to the Islamic Revolution Guard Corps (IRGC). In retaliation, the IRGC has targeted US-linked facilities in Gulf states. The recent escalation of attacks raises concerns over broadening military actions that may extend beyond targeting the Iranian government.
Iran's Major Steel Plants Impacted by Air Strikes
Iran's Major Steel Plants Impacted by Air Strikes
Iran's two largest steel plants are experiencing shutdowns following a series of air strikes, reportedly launched in coordination with the US. This could have significant repercussions for Iran's economy.
The Khuzestan Steel Company and Mobarakeh Steel Company have confirmed that operations at their facilities have ceased due to multiple rounds of US-Israeli air strikes. Restoring normal production may take six months to a year, raising concerns about the impact on the economy, which relies heavily on steel exports. The strikes mark an escalation in military actions against Iran, with focus on infrastructure linked to the Islamic Republic, potentially leading to further tensions in the region.
