26
Oct
01:00
Essar Steel Zimbabwe plant construction could soon begin: reports
Work could soon begin on the construction of Essar Steel’s prospective Zimbabwe-based steel mill, as a dispute over debt is close to being resolved, according to Zimbabwean media reports. The disagreement has until now been stunting progress, Kallanish understands.
Essar Steel said earlier this year it would build a 500,000 tonnes/year capacity mill in Zimbabwe for $650 million. It is a revision of a deal struck in 2010 that saw Essar agree to buy 54% …
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Very good overview of the weekly steel market.
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