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Premium Steel and Mines to produce 50% steel needs of Nigeria in 1st phase

Premium Steel & Mines Limi-ited, the state-of-the art steel manufacturing facility at Ovwian, Aladja, Delta State, would during the first phase of production meet more than 50 per cent of the domestic steel requirement which is currently being met through imports. Steel is one of the major components needed in automobile production and other construction works.This will also result in valuable foreign exchange savings for the country. Managing Director and Chief Executive Officer of Premium Steel & Mines, Prasanta Mishra, made this pledge at the official commissioning of the steel and mining facility recently.

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