‘Nation imports $3.3b steel products yearly’
Minister of State for Mines and Steel Development, Abubakar Bwari, has said Nigeria imports $3.3 billion worth of steel and associated derivatives yearly. Addressing the 16th Mines and Money in London, the minister explained that “we needed 17 million tons, but local production of the products was mere 2.2 million per annum.” According to him,…
Steel workers seek government’s protection as sector loses 3500 jobs
Workers in the steel industry have called on the Federal Government to protect local industries and the value of the naira, following the loss of over 3,500 workers due to high production costs.
Stakeholders hail improved capacity in steel production
The Institution of Structural Engineers has endorsed African Foundries Limited’s (AFL) capacity to meet Nigeria’s demand for steel products. The executives who visited the plant said they were amazed to see African Foundries Limited fully automated, noting that AFL quality standards are very high and that they witnessed the testing procedures, which were very stringent.…
Trump says 'trade wars are good and easy to win'
President Donald Trump spoke out defiantly Friday against global criticism of his plan to impose tariffs on steel and aluminum imports, seeming to welcome the idea of a trade war.
Delta to revamp steel, glass industries to create jobs
In its determination to create jobs for its army of unemployed youths, the Delta Government has given approval to revamp some of the ailing industries. The Commissioner for Information, Patrick Ukah, who disclosed this Wednesday in Asaba, said the State Government has given approval to revamp the Bendel Steel Structure, Warri, Bendel Glass Industries, Ughelli,…