04
Nov
10:08
Mobarakeh Steel increases share capital to fund pellet plant
Mobarakeh Steel (MSC)’s shareholders have overwhelmingly approved the proposed share capital increase by IRR 25 trillion ($834 million) to IRR 75 trillion. The additional funds will be used to complete the firm’s Sangan project that comprises new iron ore beneficiation and pelletising plants, as well as to inject funding into the Gol Gohar iron ore mine.
Mobarakeh’s managing director. Bahram Sobhani, says: “Due to the construction of stee…
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Very good overview of the weekly steel market.
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