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Ajaokuta Steel Company Limited (ASCL) popularly known as Ajaokuta Steel Mill is a steel mill in Nigeria, located in Ajaokuta, Kogi State, Nigeria. [1] Built on a 24,000 hectares (59,000 acres) site starting in 1979, [ 1 ] it is the largest steel mill in Nigeria, and the coke oven and by-products plant are larger than all the refineries in ...
Iron and steel industry in Nigeria developed as a public funded integral industry. Between 1979 and 1983, Nigeria government jump started iron and steel production with emphasis on the importance of iron and steel in developing and driving local production of goods. A strong iron and steel industry was also projected to reduce demand of foreign ...
In 2008, 2009, 2015 and 2016 output fell in the majority of steel-producing countries as a result of the global recession. In 2010 and 2017, it started to rise again. Crude steel production contracted in all regions in 2019 except in Asia and the Middle East. India is the 2nd leading producer of iron and steel industries. [citation needed]
The World Steel Association features a list from its members every year. Due to mergers, year-to-year figures for some producers are not comparable. Not all steel is the same. Some steel is more valuable than other steel, so the volume is not the same as turnover. Some of the world's leading steel producers include China Baowu Group and ...
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US Steel has agreed to be bought by Nippon Steel, Japan’s largest steelmaker, in a $14.1 billion deal. The deal marks the latest step in a gradual decline for the iconic 122-year old company ...
Nippon's $14.9 billion bid in late 2023 represented a nearly 40% premium to U.S. Steel's share price at the time. Most recently, President Biden blocked Nippon's $55-per-share cash bid on national ...
The Steel and Engineering Workers' Union of Nigeria (SEWUN) is a trade union representing factory workers involved in making metal and electrical goods in Nigeria.. The union was founded in 1996, when the Government of Nigeria merged the Metal Products Workers' Union of Nigeria with the Iron and Steel Workers' Union of Nigeria, the Automobile, Boatyards, Transport and Equipment and Allied ...