Iran's two largest steel plants shut down due to air strikes, companies say
The strikes, which Iran says were first launched by Israel in co-ordination with the US last week, could cause major damage to the Iranian economy.
Coverage by Political Leaning
See how different sides of the spectrum reported this story
Notable Quotes
"Israel has hit two of Iran's largest steel factories, a power plant and civilian nuclear sites among other infrastructure."
— Abbas Araghchi , Politician
"The biggest bridge in Iran comes tumbling down, never to be used again."
— Donald Trump , Politician
"Our initial estimate is that restarting these units will take at least six months and up to one year."
— Mehran Pakbin , Executive
"Israel has hit two of Iran's largest steel factories, a power plant and civilian nuclear sites among other infrastructure."
— Abbas Araghchi , Politician
"The biggest bridge in Iran comes tumbling down, never to be used again."
— Donald Trump , Politician
"Our initial estimate is that restarting these units will take at least six months and up to one year."
— Mehran Pakbin , Executive
"All modules and steelmaking furnaces of this industrial complex have been damaged."
— Mehran Pakbin , Executive
Key People
Abbas Araghchi is the Foreign Minister of Iran.
Former president of the United States known for his aggressive economic policies.
Deputy head of operations at the Khuzestan Steel Company.
Pete Hegseth is the United States Secretary of Defense.
Tags
All Coverage
The strikes, which Iran says were first launched by Israel in co-ordination with the US last week, could cause major damage to the Iranian economy.
Iran's two largest steel plants have been shut down due to multiple rounds of US-Israeli air strikes, with estimates indicating a restart time of at least six months to a year.
Mobarakeh Steel Company in Isfahan has ceased operations due to severe damage from U.S.-Israeli attacks, with another major steel complex in Khuzestan province also sustaining substantial damage.
Both Mobarakeh Steel Company and Khuzestan Steel Company have halted operations following repeated U.S. and Israeli attacks, with estimates indicating a restart time of at least six months to a year.
Mobarakeh Steel Company and Khuzestan Steel Company have suspended operations due to extensive damage from U.S. and Israeli air strikes, with recovery estimates ranging from six months to a year.
Mobarakeh Steel Company has fully halted operations after sustaining damage from U.S. and Israeli strikes, with Khuzestan Steel Company also reporting significant damage.
Similar Stories
Related coverage based on topic and tags
Battered by war, Iran’s rulers wary of more economic pain and unrest if US tightens pressure - Reuters
Battered by war, Iran’s rulers wary of more economic pain and unrest if US tightens pressure Reuters
August 17, 2026 at 08:52 PMUS warns Iran it will step up economic pressure; two more ships attacked in Hormuz - Reuters
US warns Iran it will step up economic pressure; two more ships attacked in Hormuz Reuters
August 14, 2026 at 11:00 AMBurnham warned Iran war could hit UK growth next year
The conflict in the Middle East has pushed up oil and fuel prices, and also disrupted supply chains.
August 12, 2026 at 02:17 PMTrump threatens 'tremendous economic consequences' on any country helping Iran
It comes after a 60-day ceasefire expired on Monday, with no sign of a diplomatic or military off-ramp to the conflict.
August 20, 2026 at 12:52 AMUAE says Iran launched two missiles at it - Reuters
UAE says Iran launched two missiles at it Reuters
August 18, 2026 at 05:27 PMUS eyes indefinite Iran naval blockade as oil supply shortfall deepens - Reuters
US eyes indefinite Iran naval blockade as oil supply shortfall deepens Reuters
August 13, 2026 at 10:01 PM