UANI

"India's HMEL, part-owned by steel tycoon Lakshmi Mittal, has emerged as a new oil client of sanctions-hit Iran, potentially complicating New Delhi's bid for a renewal of its waiver from U.S. sanctions for buying crude from Tehran... HMEL is part-owned by Indian tycoon Mittal, who heads ArcelorMittal, the world's largest steelmaker. ArcelorMittal produces 35 percent of its steel in the Americas and 47 percent in Europe, according to the company's website." (Reuters, "Exclusive: India's HMEL bought 2 million barrels of Iranian oil: sources," 10/13/2012)

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"ArcelorMittal has done business in Iran since at least 2005; it listed the country among its markets in a 2007 filing with the Securities and Exchange Commission, and its Web site currently shows it has an office there. The steel company has provided the United States Army with sheet metal, steel plates and other metal products."  The company has received $37.2 million in revenue and benefits from the US government for their business in Iran between 2000 and 2009.  Their business in Iran is currently active. (The New York Times, "Profiting from Iran, and the US," 3/6/2010)

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ArcelorMittal is the largest steel producer in the world. The company website lists an office in Tehran.

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Listed by U.S. Government as doing business in Iran. (U.S. Securities and Exchange Commission, List of Companies Doing Business With State Sponsors Of Terror, Removed from the Internet in July 2007)