According to a report by Al Jazeera, on Tuesday, April 28, 2026, Iran has suspended the export of key steel products following extensive damage to its industrial facilities caused by joint air strikes from the United States and Israel.
The decision, reportedly confirmed by the semi-official Fars News Agency, is aimed at stabilising domestic supply after critical steel plants were targeted during the ongoing conflict.
The restriction affects major steel materials, including slabs and sheets, which are essential to construction and manufacturing sectors.
Officials indicated that the move is necessary to prevent shortages within the country and to control rising prices, as production capacity has been significantly disrupted.
Reports suggest that between 25 and 30 percent of Iran’s steel output has been knocked offline due to the strikes on major facilities.
“Iran has banned the export of steel products after US-Israeli air strikes targeted the country’s steel industry,” the report stated.
The steel sector is one of Iran’s most important non-oil revenue sources, contributing significantly to exports and employment.
With production affected, authorities are now prioritising domestic needs while exploring options to import raw materials to support local industries.
The air strikes reportedly hit key industrial hubs, including major steel plants, causing widespread disruption to production lines and supply chains.
This has raised concerns about long-term economic consequences, including reduced foreign earnings and potential job losses.
Analysts believe the export ban reflects a broader strategy by Tehran to shield its economy from further shocks while maintaining internal stability.
However, the move may also impact global steel markets, particularly in regions that rely on Iranian exports.
As tensions continue, Iran’s industrial sector remains under pressure, with recovery expected to take several months depending on the scale of the damage and the evolving security situation.
