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06 Mar
15:05

Esfahan Steel eyes UAE re-roller acquisition

Esfahan Steel (Esco) is in talks to buy a stake in United Arab Emirates-based rebar and sections re-roller Star Steel, informed sources tell Kallanish. Esco already provides billet to the Sharjah-based re-roller. Iran’s third-largest and only blast furnace-based steelmaker would likely continue to be the sole billet supplier in case an agreement is reached to acquire a shareholding. Neither Esco nor Al Ghurair Group – Star Steel’…
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