23
Oct
01:00
Ethiopia's East Steel to add new wire rod/sections mill: reports
Chinese-owned Ethiopian re-roller East Steel plans to invest Yuan 50 million ($8.2m) into a new 100,000 tonnes/year wire rod and angle mill, which is scheduled to begin output next year, according to reports. This follows the launch of its 300,000 t/y rebar mill last November.
A number of foreign companies from countries such as India and Saudi Arabia are investing in Ethiopia’s steel industry, which has been given high priority by the government. Due …
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Anonymous
Very good overview of the weekly steel market.
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