Nigeria's Steel Sector Strives for Rejuvenation, an Industrial Info Market Brief

Nigeria's steel industry began developing in early 1980's, but many experts believe it remains in its infancy--albeit with tremendous opportunities for development in the coming decade. Among the steps the country is taking to rejuvenate its steel industry:

• Tap more iron ore deposits
• Encourage private investment
• Improve infrastructure
• Work with Russia to harness untapped solid mineral deposits

Industrial Info is tracking nearly $8 billion worth of steel projects in Africa, with Nigeria surpassing other countries in total investment. Click here for a list of steel projects in Nigeria, and see graph below for a breakdown by project type.