Ukrainian billionaire Rinat Akhmetov's Metinvest may close its Romanian pipe plant
Metinvest, the steel group controlled by Ukrainian billionaire Rinat Akhmetov, may close or sell the Romanian pipe plant it bought less than a year ago.
Steel
Indian billionaire Lakshmi Mittal nears $610 million sale of South African steelmaker
South Africa's state development lender will pay R3 billion in cash and take on R7 billion of debt to control ArcelorMittal South Africa.
Turkish billionaire Fuat Tosyalı's Algerian cold rolling mill produces its first steel
Fuat Tosyalı's Algerian subsidiary has rolled its first cold-rolled steel at Béthioua, completing the largest Turkish industrial investment outside Turkey.
Ugandan tycoon Sikander Lalani fled genocide in 1994 and built a $255 million steelmaker
Sikander Lalani abandoned his Kigali roofing factory when genocide broke out in 1994, rebuilt in Uganda, and now pays the state $51 million in tax.