12
Feb
17:00
Iran's SKS raises capital to help fund expansion
South Kaveh Steel (SKS) has increased its share capital to IRR 15 trillion ($356.7m) from IRR 7 trillion to help fund the completion of its crude steelmaking capacity expansion, Kallanish learns from the Iranian firm.
The merchant billet producer is adding an additional 1.2 million tonnes/year of electric arc furnace-based steelmaking capacity to its existing capability of the same tonnage. The firm says commissioning will take place in the second half of t…
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Anonymous
Very good overview of the weekly steel market.
Anonymous