9,224.84 TRY BIST 100 BIST 100
43.76 EUR EUR EUR
38.44 USD USD USD
5.32 CNY CNY CNY
0.12 CNY CNY/EUR CNY/EUR
46.98 TRY Interest Interest
63.56 USD Fossil Oil Fossil Oil
40.67 USD Silver Silver
4.76 USD Copper Copper
98.50 USD Iron Ore Iron Ore
325.00 USD Shipbreaking Scrap Shipbreaking Scrap
4,094.11 TRY Gold (gr) Gold (gr)

Iraqi PM leads efforts to revive Basra's steel industry

Iraqi Prime Minister Muhammad Shiaa Al-Sudani chaired a special meeting regarding the steel factory rehabilitation project in Basra Governorate. 

Iraqi PM leads efforts to revive Basra's steel industry

In a bid to jumpstart Basra Governorate's steel industry, Iraqi Prime Minister Muhammad Shiaa Al-Sudani spearheaded a crucial meeting  to address hurdles stalling the rehabilitation of the General Iron and Steel Company. This initiative, aimed at resuscitating a sector dormant since 2003, has been marred by delays despite its scheduled opening two months prior.

Al-Sudani, at the helm of the meeting, delved into a comprehensive review of the project's status, dissecting procedures executed by implementing bodies. With a firm resolve, he stressed the imperative of surmounting technical barriers and expediting the installation of essential smelting equipment, systems, and production lines. His insistence on adhering to predefined timelines echoes his earlier directives during a March visit, wherein he inaugurated the rolling mill.

In tandem with the government's unwavering commitment to circumvent impediments, discussions have ensued regarding the establishment of an integrated industrial hub dedicated to iron and steel production. Nestled within the Basra Economic Capital project, this envisioned industrial city, slated for the State Company for Iron and Steel (SCIS) premises, promises to for Basra's future prosperity.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

India's NSL breaks record with one-day production

Wednesday, April 30, 2025

ThoRe Steel joined EUROMETAL

Wednesday, April 30, 2025

Investment opportunities in Tashkent

Wednesday, April 30, 2025

DNA PC Strand is the Silver Sponsor of Steel Summit 2025!

Wednesday, April 30, 2025

Türkiye's iron and steel export value increased by 18% in March

Wednesday, April 30, 2025
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now