14,467.25 TRY BIST 100 BIST 100
48.52 USD USD USD
7.27 CNY CNY CNY
56.28 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
39.89 TRY Interest Interest
106.95 USD Fossil Oil Fossil Oil
6.59 USD Copper Copper
100.22 TRY Silver Silver
98.02 USD Iron Ore Iron Ore
377.25 USD Shipbreaking Scrap Shipbreaking Scrap
6,089.00 TRY Gold (gr) Gold (gr)
97.00 USD Iron Ore 61% Fe Iron Ore 61% Fe

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

Türkiye’s imported scrap market sees prices move higher

Thursday, September 10, 2026

Zaporizhstal hit by ballistic missile attack for third time in a month

Sunday, September 13, 2026

Court approves shutdown of Acciaierie d’Italia’s hot production

Monday, September 14, 2026

The Milan Court upholds decision to halt Acciaierie d’Italia’s hot-end operations

Sunday, September 13, 2026

EU registers steel mesh imports from Türkiye and China

Friday, September 11, 2026
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