L
LequteMan
Guest
The Federal Ministry of Mines and Steel Development said on Monday that the Light Section Mill (LSM) of the Ajaokuta and Delta Steel Companies would commence production in 2015.
According to Mr Abdullahi Also, the Director of Steel and Non-Ferrous Metals Department in the ministry, both companies had signed Memorandum of Understanding (MoU) with different private investors on billet conversion to iron rods and other steel materials.
``The private investors will bring their billet and convert it to iron rods. We are starting that this year.
``The investors that signed MoU with Ajaokuta are a consortium from Nigeria and Ukraine,’’Also said.
``The LSM is a section of the rolling mill built for the production of iron rods and other steel materials.
``The company is divided into light, medium and heavy section mills.’’
According to Also, the Delta Steel Company was sold to an India company -- Global Infrastructure -- in 2005.
#Nigeria #Delta #Ajaokuta
According to Mr Abdullahi Also, the Director of Steel and Non-Ferrous Metals Department in the ministry, both companies had signed Memorandum of Understanding (MoU) with different private investors on billet conversion to iron rods and other steel materials.
``The private investors will bring their billet and convert it to iron rods. We are starting that this year.
``The investors that signed MoU with Ajaokuta are a consortium from Nigeria and Ukraine,’’Also said.
``The LSM is a section of the rolling mill built for the production of iron rods and other steel materials.
``The company is divided into light, medium and heavy section mills.’’
According to Also, the Delta Steel Company was sold to an India company -- Global Infrastructure -- in 2005.
#Nigeria #Delta #Ajaokuta