The Bureau of Public Enterprises has said that the core investor in Katsina Steel Rolling Mill, the Dana Group has so far injected NGN 2 billion into the operations of the once moribund company.

A statement issued by the BPE spokesman, Mr Chukwuma Nwokoh in Abuja said the General Manager, Operations, KSRM, Mr Madhav Mekala disclosed this during a post privatization visit to the company.

Mr Mekala said that the company was now back to life with 60% production output.

The steel mill, which has been renamed Dana Steel, has an installed production capacity of 207,000 tonnes of steel annually, but is currently producing 144,000 tonnes annually on a 12 hour basis.

The general manager said the company was engaged in the production of steel products, ranging from 3mm, 5mm to 12mm rods adding that there were plans to increase production.

The statement quoted Mekala as saying that the new owners of the mill had diversified into the production of billets, adding that the phase two of the company’s Steel Melt Shop, which is in the works, would double the current production figure of billets.
According to him, an oxygen/nitrogen plant for in-house and commercial purposes was close to completion.

(Sourced from www.punchontheweb.com)