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Organization

Last Updated: April 19, 2026

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  3. Organization

Last Updated: April 19, 2026

Organization

KARA INDUSTRIAL TRADING GMBH

Nationality

Germany; Germany; Germany

Address

Am Seestern 8, Dusseldorf, 40457, Germany

Reg. ID

HRB 73611, Registration Number; DE29782687, V.A.T. Number; 549300BYIOZP5U0LN442, Legal Entity Number

Official reason

KSC has also used companies registered in Europe to source parts and facilitate exports. Kara Industrial Trading GmbH has purchased several tens of millions of dollars’ worth of steel from KSC, while also selling KSC the equivalent in raw materials to KSC for use in steel production. Good Run Limited has sold critical components including electrodes to KSC for use in steel production. Electrodes are the primary heating element in six electric arc furnaces used by KSC for the steelmaking process. PSI DMCC, Kara Industrial Trading GmbH, Good Run Limited, Magellanic Phoenix Marine and Trading Limited, and HSF Dis Ticaret Limited Sirketi are being designated pursuant to E.O. 13871 for having materially assisted, sponsored, or provided financial, material, or technological support for, or goods or serves in support of, KSC.

Other Information

https://home.treasury.gov/news/press-releases/jy2270

Date of listing

2024-04-18

Program information
Program information
Authority

US

Program

Executive Order 13871 of May 8, 2019 Imposing Sanctions With Respect to the Iron, Steel, Aluminum, and Copper Sectors of Iran

Regime

OFAC country specific

Target State

Iran

Measures

Blocking Property, Suspending Entry, Trade sanctions

Sanctions Portfolio

• https://ofac.treasury.gov/faqs/topic/1551

Official Information

E.O. 13871 authorizes sanctions with respect to the iron, steel, aluminum, and copper sectors of Iran.

Additional Details

SDN

Program URL
  • https://ofac.treasury.gov/media/14146/download?inline

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