Francis adinoyi kadiri evaluates the problems and successes of the sector. Reviewed and approved by the oecd steel committee, they are disseminated approximately twice a year to the public to allow policymakers, industry, media and academia to keep abreast of the main trends and recent developments. Apr 07, 2018 nigerias steel industry is one of the key economic sectors abandoned by the past administrations in the country, and no reasonable government can afford to see such huge investments go into waste. February 2020 highlights from november to december 2019, u. Directory of steel mills, companies in nigeria, steel stockists. India was the worlds second largest steel producer, as of 2019. Pdf the challenge of domestic iron and steel production in nigeria. Ipi iron products industries ltd nigeria leading steel. Africa, egypt, and nigeria all regional outperformers in the global manufacturing competitiveness index, but also for newer players such as ethiopia. The commissioning of experts from the then soviet union, by the nigerian government to carry out further studies, resulted in the establishment of the ajaokuta steel plant for. Also, nigerias effort to industrialise its economy will not make a meaningful head way without a strong steel industry. The steel industry is a very important sector in the nations economy.
The ajaokuta steel company in kogi state of nigeria was envisaged to serve as the bedrock of nigerias industrialisation. Located in abuja, nigeria, we cater to clients all over nigeria and the region in both the private and public sector. There is a limited research regarding in developing value chain model for steel manufacturing sector. Built on a 24,000 hectares 59,000 acres site starting in 1979, it is the largest steel mill in nigeria, and the coke oven and byproducts plant are larger than all the refineries in nigeria combined. In the first place the government of nigeria scored a passing grade for its efforts to place nigeria in the world steel map. Iron and steel industry in nigeria developed as a public funded integral industry.
Business day online reported that there is a yawning demandsupply gap in nigerias steel sector. Nigerias iron, steel sector challenge and quest for. May 08, 2019 nigerias iron, steel sector challenge and quest for industrialisation the nigerian iron and steel industry established as a basis for industrialisation has remained unproductive even as the. On the world stage, data on nigeria steel are missing since 2008 based on world steel association data. Nigerias iron, steel sector challenge and quest for industrialisation the nigerian iron and steel industry established as a basis for industrialisation has. Moreover, the iron and steel industry is closely related to the chemical industry and light industry. Ipi has been active for more than 50 years in nigeria. A pass for the nigerian government on the steel industry venture. A previous version of the chart on the education and health services page erroneously showed a prior 12month average change of 17,000 for offices of dentists. Fixing the missing link in nigerias steel industry. Fixing the missing link in nigerias steel industry the. Working from certified designs in the manufacturing and erection of steel structures, we are able to construct a wide variety of buildings such as.
Pdf the challenge of domestic iron and steel production. In the first place the government of nigeria scored a passing grade for its efforts to. The iron and steel industry is a basis for the development of a number of industries in the global economy. Planning for the nigerian steel industry started in 1958. The idea of having a steel industry was conceived in. Preface this yearbook presents a crosssection of steel industry statistics that are exchanged or published by the world steel association. The company started as a steelwork manufacturer and has since become the leader in steel fabrication. African industries is one of the best company in nigeria which manufacturing steel, iron rods, tiger tmt and afl bs 4449 rebars, chemicals, non ferrous and glass. Steel making experience in the use of nigerian iron ore at the delta. Includes comprehensive data and analysis, tables and charts, with fiveyear forecasts. Ajaokuta steel company limited ascl popularly known as ajaokuta steel mill is a steel mill in nigeria, located in ajaokuta, kogi state, nigeria.
During the period 1960 1970, the federal government directly coordinated the iron and steel sector in nigeria. The state of steel production and consumption in nigeria as well as in construction industry is a very important sector of every nations economy. The steel industry is a key sector in nigeria s economy that should have been the bedrock of the countrys industrialization. The minister of industry, trade and investment, mr. Overview of steel and iron market global steel and iron market production output trends over the first eight months of 2017, the global steel output reached 1,123 million tonnes, up 4. The study assesses the impact of maintenance on the output of steel production machines and. Steel market developments provides uptodate information on global and regional steel markets.
Between 1979 and 1983, nigeria government jump started iron and steel production with emphasis on the importance of iron and steel in developing and driving local production of goods. India surpassed japan to become the worlds second largest steel producer in 2019, with crude steel production of 111. African foundries limited, a leading steel manufacturing company in nigeria has set its sight on becoming the biggest steel manufacturer in the country in shortest period possible, hinging its. Data collected on nigerian steel industries and the best practices in the international.
It contains comprehensive statistics from 2009 to 2018 on crude steel production by country and process, production of hot rolled products, apparent steel use and apparent steel use per capita by country, as well as production and trade of pig iron. Current employment statistics highlights march 2020. Iron and steel industry report deloitte cis manufacturing. Gateway to sustainable nigerian industrial development anthony nkem ede1, gideon olukunle bamigboye1, jadesola ogundeji1, dominic azuh2 department of civil engineering, 2department of economics and development studies covenant university, km 10, idiroko road, canaan land, p. In her bid to promote technological growth, nigeria in the early 1960s conceived a vibrant economy with the steel industry as the foundation for industrial development. The challenge of domestic iron and steel production in nigeria. Reviving the steel industry for economic development. A comparative analysis of the nigerias direct reduction base iron producing plant installed more than three decades ago at ovwia aladja near warri, delta. Overview of the iron and steel industry in nigeria. Nigeria now has 21 functional steel mills see distribution. But, nigeria actually came close to realizing her dream of establishing a viable steel sector at the tail end of the third national development plan when the contracts for the establishments of. The company is managed by a team of professionals with an average experience of twenty to thirty years experience in the structural steel industry and known to have executed a number of prestigious and high profile projects in west africa and nigeria.
Nigeria, with a population of over 140 million people, a gdp growth of 5. Nigeria s steel industry is one of the key economic sectors abandoned by the past administrations in the country, and no reasonable government can afford to see such huge investments go into waste. The vision 2020 document targeted the production of 2 million. Current employment statistics highlights current employment statistics highlights note. Steel companies in nigeria including lagos, aba, onitsha, warri, abuja, and more. Nigeria is blessed with all the raw materials required for steel development including iron ore, coal, natural gas and limestone. Pdf the midrex process and the nigerian steel industry. It is the only industry that can help increase industrialization and the countrys infrastructural needs. The bbcs tim bowler looks at why britains steel industry is in such trouble with so many jobs being lost and asks is it really all the fault of the chinese.
The potential of manufacturing and industrialization in africa. End of coker road near air force base coker estate, shasha village akowonjo, lagos nigeria. Km 10, lekkiepe expressway, alafia, lagos state, nigeria. Nigeria s iron, steel sector challenge and quest for industrialisation the nigerian iron and steel industry established as a basis for industrialisation has remained unproductive even as the. Market research on consumer products, commercial industries, demographics trends and consumer lifestyles in nigeria. The nigerian government, soon after independence, sought to build an iron and steel industry as the core of its industrial infrastructure. In india, as per indian steel association isa, steel demand to grow by over 7 per cent in both 201920 and 202021. Reviving the steel sector in nigeria the sun nigeria. The steel industry produces items such as iron rods, barb wires, coils, as well as metal doors and windows, while it forms the bedrock of the countrys industrialisation. The cooperation of both members and nonmembers in supplying the information included in. The goal of producing steel in nigeria from iron ore was made possible through the midrex process based direct reduction plant at the delta steel company.
In doing this, japans position in global steel trade, the state of the industry including technology, equipment and raw materials development. Production of iron and steel from nigerian itakpe iron ore. Mar 30, 2016 the bbcs tim bowler looks at why britains steel industry is in such trouble with so many jobs being lost and asks is it really all the fault of the chinese. The iron and steel industry and nigerias industrialization. Why the nigerian steel industry is crippled by smuggling. Nigeria statistics consumer lifestyles in nigeria nigeria country briefings future demographics. In december 2019, capacity utilization was estimated at 71. Discussion and emphases were place on the efforts made in the development of steel industry in nigeria with a view to discussing the potentials that could be.
Reviving nigerias steel industry for economic development. The iron ore was originally imported from liberia and its parameters formed the basis of the. Mining and infrastructure development a well developed mining industry thrives on well established transportation network, which supports the movement of equipment to mining sites and the evacuation of minerals for sale and export. Eservices provided by ministry of mines and steel development. Tackling the challenges facing nigerias steel industry. African steel mills nigeria limited steel mills, blast furnaces including coke ovens, and rolling mills. Ministry performs planning of the growth and development of iron and steel industry in the country including rerolling mills, alloy steel and ferro alloy industries, refractories both in the public and private sectors. Developing the solid minerals sector quick wins for the.
Olusegun aganga, on thursday said the number of functional steel mills in the country had increased to 21 from less than five a few years ago due to the implementation of the nigerian industrial revolution plan. Pdf a vibrant iron and steel sector is necessary for the infrastructural and technological development of any nation. The sector provides industrial items such as iron rods, barbed wires. Blurb why the nigerian steel industry is crippled by smuggling. Official data show that the country imports steel valued at. In nigeria, the steel sector is relegated to the background except the continued mention of ajaokuta steel project which has remained dormant. Inliew of this a value chain model was developed for steel manufacturing sector using a case of an integrated steel plant. Planning for the nigerian steel industry started around 1958 with. Data and research on industry and entrepreneurship including smallmedium enterprises smes, global value chains, tourism, steel and shipbuilding.
Read expert opinions, top news, insights and trends on the economic times. Nigerias steel industry is one of the key economic sectors abandoned by the past administrations in the country, and no reasonable government can afford to see such huge investments go into waste. Welcome to the integrated automation and interactive solid minerals portal iaismp, the goto portal for real time information on mining sector in nigeria. Challenges to the supply chain in the steel industry. African foundries is leading nigeria steel market the. A case study of nigerian aluminum extrusions limited nigalex by b. If the steel industry is properly positioned, we will gain a lot especially in rail transport and building of bridges. Steel mills in nigeria steel stockists nigeria galleria. Logistics can not be directly applied to the service industry. Along with the surging demand for steel product, boom demand is putting pressure on the availability and prices of raw materials in the supply chain in the world steel industry due to steel. Nigerias steel industry in distress realnews magazine. When it was reported recently that the iron and steel senior staff association of nigeria isssan said that the death of the steel industry in the country, aggravated the nations unemployment rate, we could not help but totally agree with this statement because nigerias economy, which has been driven by oil and gas wealth for decades, has practically blinded past and. From a 10,00015, 000 tonnes capacity production of steel four years ago, the nigerian steel industry has grown by 500%, producing 100,000 tonnes of steel today. The production of steel from the locally available itakpe iron ore in nigeria was achieved in the delta.
A vibrant iron and steel sector is necessary for the infrastructural and technological development of any nation. Increase in the general rate of customs duty on primary steel products to 10% and safeguard measures for a period of 3 years on hot rolled coil and plate products. It is one of the most important steelusing industries, accounting for more than 50% of world. The development of the iron and steel industry in nigeria was comprehensively examined with respect to the early. The steel industry is a key sector in nigerias economy that should have been the bedrock of the countrys industrialization. Nigeria is a developing economy and as such the iron and steel industry is intensifying effort to ensure efficiency in its operations, that is why this research work is focused on evaluating steel 3. Steel plays an essential part in the growth of any modern society. Saba steel company steel manufacturing industry in nigeria. Developing the solid minerals sector quick wins for the new. Evaluating the impact of maintenance principles and strategies of a. There is a lot to be done, but we need to develop a framework and policy statement in the steel industry. That the nigerian steel manufacturing sector, arguably the most critical element in the nations industrialisation drive, is massively threatened by smuggling and racketeering, is a development government should worry about. Exploration work on the itakpe iron ore deposits began in 1963 akinrinsola and adekeye, 1993. Discussion and emphases were place on the efforts made in the development of steel industry in nigeria with a view to discussing the potentials that could be accrued.
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