09
Mar
17:43
US-based Tronox to acquire Saudi pig iron plant
US-based titanium products company Tronox Limited is in talks to acquire National Titanium Dioxide Company (Cristal)’s Saudi Arabian titanium slag plant that will produce pig iron as a co-product.
This follows an agreement by Tronox to buy for $1.67 billion the majority of Saudi-based National Industrialization Company (Tasnee)’s stake in Cristal. Tasnee’s stake in Cristal will be reduced to 24% from 79% following the completion of the dea…
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Anonymous
Very good overview of the weekly steel market.
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