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. These air strikes, confirmed by Israeli media, are expected to deal significant damage to Iran's economy.
Iran is the 10th largest producer of steel globally and any production halt could severely disrupt domestic supply chains and businesses already affected by extensive Western sanctions. Iranian Foreign Minister Abbas Araghchi stated that the recent attacks targeted crucial infrastructure including steel factories, a power plant, and civilian nuclear sites. There are allegations from Israeli intelligence that these steel plants are linked to Iran's Islamic Revolutionary Guard Corps (IRGC).
The impact of these air strikes is profound, with Israeli security sources claiming they could result in billions of dollars in economic damage. The IRGC retaliated by targeting US-linked facilities in nearby Gulf states. Recent military activities have intensified, with Iran launching missile attacks towards the United Arab Emirates and suffering strikes on its infrastructure, including a highway bridge that resulted in casualties.
While the extent of damage is still being assessed, the situation is poised to escalate, warranting close attention from the international community as Iran continues to face significant external pressures.
Iran is the 10th largest producer of steel globally and any production halt could severely disrupt domestic supply chains and businesses already affected by extensive Western sanctions. Iranian Foreign Minister Abbas Araghchi stated that the recent attacks targeted crucial infrastructure including steel factories, a power plant, and civilian nuclear sites. There are allegations from Israeli intelligence that these steel plants are linked to Iran's Islamic Revolutionary Guard Corps (IRGC).
The impact of these air strikes is profound, with Israeli security sources claiming they could result in billions of dollars in economic damage. The IRGC retaliated by targeting US-linked facilities in nearby Gulf states. Recent military activities have intensified, with Iran launching missile attacks towards the United Arab Emirates and suffering strikes on its infrastructure, including a highway bridge that resulted in casualties.
While the extent of damage is still being assessed, the situation is poised to escalate, warranting close attention from the international community as Iran continues to face significant external pressures.
