The Basra steel mill will have a capacity of 1.2 million-t/y of iron bars; 600,000-t/y of section steel; 1.2 million-t/y of hot-rolled products and a 500MW power station.
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STX Heavy Industries, a South Korean contractor is still in negotiations with Iraq's industry and minerals ministry over the $3bn contract for a Basra steel mill project, Meed has reported, citing a source close to the deal. Upon completion, the Basra steel mill will have a capacity of 1.2 million-t/y of iron bars; 600,000-t/y of […]
The Iraqi minister of industry and minerals on Tuesday said that talks are currently held with Korean investors over the rehabilitation of the iron and steel factory. Speaking to Aswat al-Iraq news agency, Minister Fawzi Hariri said that a good bid has been made by Korean investors and is currently under discussion. The minister pointed […]