M4M 5.26% 1.8¢ macro metals limited

Ann: Market Update, page-61

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    My understanding of the Ajaokuta Steel Mill is that the main activity is reheating imported billet. It will take many years to get the coke ovens and blast furnace up and running because of their dilapidated state, even if the required funding was available today. And of course in the meantime Kogi can supply domestic iron units in replace of imported billets.
 
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