• Premium steel, mines limited to inject $1.3bn for raw material exploration
Kasim Sumaina in Abuja
The Ministry of Steel Development has signed an agreement aimed at facilitating the revival and full operationalisation of the Delta Steel Company, now known as Premium Steel and Mines Limited (PSML), Ovwian-Aladja, Delta State.
The agreement marks a significant milestone in government’s ongoing efforts to reposition Nigeria’s legacy steel industry assets as a critical driver of industrialisation, economic diversification, job creation and sustainable national development.
The Delta Steel Plant, inaugurated in 1982 with an installed production capacity of one million tonnes of liquid steel per annum, was established as an integrated green steel plant with the capacity to contribute significantly to Nigeria’s industrial development.
