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Steel

Voestalpine AG

Industry: 
Energy, Steel
Symbol: 
WBAG: VOE
States: 
AL
CO
IL
KS
KY
WA
WY
Country: 
Austria
Sources: 

Voestalpine AG is an international steel company based in Austria, with revenues of 11 billion euros as of 2010. Voestalpine manufactures steel and steel products for the railway, automative, tool, and energy industries (Company Website).

An Iranian company, Tajhiz Sanat Hezareh, also known as MIP Ltd., advertises itself as "the exclusive agent of Voestalpine" and supplies "heavy plates, clad plate heads, cones, welding consumables and superalloys in demanding industries like oil, gas, petrochemical, refinery, and power" (Tajhiz Sanat Hezareh).

Additionally, Iran Petrotech, a state-owned subsidiary of the National Iranian Oil Company, advertises a full product catalogue from Voestalpine on its website, focusing on steel components for the manufacture of oil pipelines, tankers, and offshore drilling platforms (Iran Petrotech).

A Voestalpine subsidiary, Bohler Welding Group, has two offices in Iran. Bohler manufactures products for the oil, petrochemical, energy, and steel industries.

ArcelorMittal

Industry: 
Steel
Value of USG Contracts: 
37
Value of USG Contract Source: 
http://www.nytimes.com/interactive/2010/03/06/world/iran-sanctions.html#methodology
Symbol: 
NYSE:MT
States: 
IL
PA
WV
Country: 
Luxembourg
Sources: 

"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)

Response: 

No response at this time.