28
Mar
16:51
SMS signs $400m deal with Mobarakeh: reports
SMS has signed a $400 million contract to supply technology to Mobarakeh Steel (MSC), but there is no clear timeline for implementation as Iran’s largest steelmaker faces challenges in raising financing. So SMS managing board member Dieter Rosenthal tells Reuters.
MSC is looking to boost capacity as part of Iran’s ambitious drive to raise steelmaking capability to over 50 million tonnes/year by 2025. The firm currently produces up to 7.2m t/y of crud…
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Anonymous
Very good overview of the weekly steel market.
Anonymous