15
Jan
12:55
Khouzestan Steel acquires control of Oxin Steel
Khouzestan Steel (KSC) has acquired a 60% stake in heavy plate producer Oxin Steel, thereby completing its value chain with the production of finished steel, says KSC managing director Ali Mohammadi. The transaction will be completed by the end of the Iranian year through 19 March 2020.
Oxin has a 1.05 million tonnes/year heavy wide plate capacity, of which 210,000 t/y can be heat treated. KSC is one of its main slab suppliers. Oxin recently signed an agreeme…
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