Tel : 0086-0371-86172891
Tel : 0086-0371-86172891
Saudi Arabia and Nigeria 14CrMoV9-10 steel recently announced the establishment of an important partnership in the fields of iron ore mining and steel production, aimed at promoting Nigeria's industrialization process. This agreement was officially reached during a meeting between Dele Alake, Nigeria's Minister of Solid Mineral Development, and Khalid AlMusdaifer, Saudi Arabia's Deputy Minister of Energy and Mines.
According to the statement, the core goal of this 14CrMoV9-10 steel cooperation is to implement the "Restore Hope" plan proposed by Nigerian President Bola Tinubu, with a focus on accelerating the country's industrialization process through processing local mineral resources. Minister Arak pointed out that processing Nigeria's iron ore into steel can not only create huge added value for the economy, but also enable the processed steel products to obtain higher profits in the international market.
Saudi Arabia has expressed strong interest in the supply of iron ore from Nigeria and plans to further discuss and deepen cooperation with Nigeria at the "Future Metals Forum" to be held in Riyadh in January 2025.
This cooperation is seen as an important milestone for Nigeria 14CrMoV9-10 steel on the path of industrialization. By optimizing domestic resource utilization, it is expected to not only enhance the country's industrial infrastructure, but also improve its competitiveness in the international steel market.
