23
Jan
13:36
Posco pulls out of planned Iranian JV: sources
Posco Engineering & Construction (Posco E&C) has pulled out of its planned joint investment into a new steelworks in Chabahar, Iran, at the request of its Saudi Arabian shareholder, Iranian sources tell Kallanish.
The subsidiary of the South Korean steelmaker signed in 2016 a memorandum of understanding to invest in a 1.6 million tonnes/year steelworks in Iran, which was to use its Finex ironmaking technology (see Kallanish passim). The project had been …
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Anonymous
Very good overview of the weekly steel market.
Anonymous