24
Apr
13:13
Al Tanmiya Steel conducts maintenance during continued stoppage
Al Tanmiya Steel is carrying out maintenance work on its rebar steelworks while it remains idle, and is gradually selling its inventory of finished products. The timing of the mill’s restart is under constant review and is dependent on a recovery in Iraqi demand and political stability, according to majority shareholder Astra Industrial Group.
Al Tanmiya, in which Astra owns a 51% stake, suspended in April 2015 output at its Basra-based 435,000 tonnes/year…
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Anonymous
Very good overview of the weekly steel market.
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