20
Mar
11:56
KSC acquires iron ore concentrate plant
Khouzestan Steel (KSC) has bought at auction a 2.5 million tonnes/year iron ore concentrate plant belonging to the Industrial and Mineral Development Company of Iran (Nimidco). This gives Iran’s second-largest steelmaker ownership over a further step in the supply chain.
Nimidco is owned by National Development Investment Group, which is in turn 68.69% owned by state-owned Bank Melli Iran. The Sangan-based concentrate plant was commissioned recently (see K…
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Anonymous
Very good overview of the weekly steel market.
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