9,807.50 TRY BIST 100 BIST 100
36.37 USD USD USD
5.04 CNY CNY CNY
38.11 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
39.46 TRY Interest Interest
76.31 USD Fossil Oil Fossil Oil
33.10 USD Silver Silver
4.62 USD Copper Copper
106.70 USD Iron Ore Iron Ore
351.00 USD Shipbreaking Scrap Shipbreaking Scrap
3,437.60 TRY Gold (gr) Gold (gr)

Ansteel supplies iron rails to Algeria

China-based iron and steel company Ansteel (Anshan Iron and Steel) announced that it has supplied 18.7 kilometers of steel rails to Algeria for the One Belt One Road railway project in the west of the country.

Ansteel supplies iron rails to Algeria

Ansteel (Anshan Iron and Steel) is one of China's leading iron and steel producers and supplies various iron and steel products on a global scale. One Belt One Road (OBOR) or Belt and Road Initiative (BRI) is a far-reaching infrastructure and economic integration project spearheaded by China. It aims to create new trade routes across a wide geography from Asia to Europe and Africa.

The steel rails supplied to Algeria will be used for the construction of a 575-kilometer railway from the Bechar province in western Algeria to the Gara-Djebilet iron ore region in the town of Tindouf. The completion of this railway will provide a stronger connection between Algeria's mining regions and ports and increase the country's export capacity.

Ansteel's supply of steel rails is expected to play an important role in ensuring quality and reliability throughout the project.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Increase in steel imports in Iran: HRC stands out

Friday, February 21, 2025

Türkiye's imported scrap market approaches March cautiously

Friday, February 21, 2025

EU considers tightening steel import quotas due to Trump's new tariffs

Saturday, February 22, 2025

Nigeria’s Steel Industry seeks donor support for revitalization

Saturday, February 22, 2025

Japan seeks exemption from Trump's steel and aluminum tariffs

Saturday, February 22, 2025
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now