14
Feb
12:17
Mobarakeh Steel contracts Italian firms to increase capacity
Mobarakeh Steel (MSC) has signed preliminary agreements worth €900 million ($1012m) with Italian companies to develop production capacity at subsidiaries Hormozgan Steel, Sefid Dasht Steel and Shahid Kharrazi.
Sefid Dasht Steel will see the addition of a 1 million tonnes/year compact strip mill similar to the one at another MSC subsidiary, Saba Steel, while Shahid Kharrazi’s hot strip capacity will be hiked to 3m t/y. Hormozgan Steel will be mode…
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