Iran Bans Steel Exports Following U.S.-Israeli Airstrikes

The Government of Iran suspended the export of steel slabs, sheets, and straps effective April 26, 2026, with the ban set to last until May 30. This directive follows a 40-day conflict involving joint airstrikes by the United States and Israel that began on February 28, 2026. The military operations targeted strategic industrial infrastructure, specifically petrochemical and steel facilities in Isfahan and Khuzestan provinces.

The strikes knocked offline between 25% and 30% of Iran's annual steel production capacity. Major producers including Mobarakeh Steel Company and Khuzestan Steel Company suspended operations in early April due to the damage. Officials estimate that restoring operational capacity at Khuzestan Steel Company will take six to 12 months.

This industrial crisis coincides with a broader geopolitical standoff. Following a ceasefire on April 8, Iran implemented a blockade of the Strait of Hormuz, which prompted the United States to establish a full blockade of Iranian seaports. The Trade Promotion Organization noted that the export ban aligns with resolutions from the Ministry of Industry, Mine and Trade and the Supreme National Security Council. Because steel is critical for the production of missiles, drones, and naval vessels, the government may extend the ban if the state of emergency persists. The production losses are expected to disrupt the automotive and construction industries while reducing foreign currency revenues.