29
Nov
10:16
SS Steel to boost capacity through further acquisitions
SS Steel will acquire the production assets of Super Steel Limited and Peninsula Steel Mills Limited for BDT 130 crores ($11.8 million), thereby enhancing its production capacity by 62,400 tonnes/year, the Bangladeshi steelmaker says.
The move aligns with its growth strategy and is projected to boost annual revenue to BDT 3,000 crores ($272.8 million), thereby lifting the firm’s profitability, it adds. The acquisition will be financed by the firm’s own…
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Anonymous
Very good overview of the weekly steel market.
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