Re: USA Africa Dialogue Series - Re: NIGERIA NOW HAS 21 FUNCTIONAL STEEL MILLS - AGANGA

Dear Prof. Udogu:

I've copied and pasted below a preliminary answer to your inquiry regarding the number of steel mills in South Korea. This is just 1988 figures! After the Super Bowl (which will be played near my neck of the woods in the Valley of the Sun today), I'll dust my files and provide you with an updated figure. For now, you can conjecture what the number of steel mills could be, given the phenomenal expansion and growth of the SK economy since 1988.

You see, most of the time, Nigerians are their worst enemies, especially some Diaspora intellectuals who rarely return and are grossly out of touch with the reality on the ground--beyond the yellow, alaiye-alaiye journalism they're rely on for their "expertise." Believe it or not, Nigeria is a really good country, all its recent travails notwithstanding.

Peace as always!

Okey

+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

South Korea

Industry

Steel

Source: http://countrystudies.us/south-korea/50.htm

In 1989 South Korea was the world's tenth largest steel producer, accounting for 2.3 percent of world steel production. South Korea continued to expand crude steel production--19.3 million tons for 1988, up 14.9 percent over 1987. Domestic demand for steel products increased 8.5 percent from 15 million tons to 16.3 million tons over the same period because of the growing demands of South Korean industry. Domestic demand accounted for 70 percent of the total, mostly because of the increased needs of such steel-consuming industries as automobiles, shipbuilding, and electronics.

The steel industry grew in the 1970s after the government constructed the POSCO mill to service Seoul's rapidly growing automobile, shipbuilding, and construction industries. In 1988 South Korea's steel industry included 200 steel companies. Iron and steel production was expected to increase in the early 1990s, given the output increases in domestic user industries. Exports were likely to be flat or to decline because of decreased international demand.

On Sun, Feb 1, 2015 at 1:44 PM, <udoguei@appstate.edu> wrote:

Opinion on this issue

I am not sure that South Korea has this many steel mills housed in that country.
 Yet, I believe that this country produces Hyundai and Kia, for example. In our
country, we cannot produce "a spoke for our bicycles" even though we claim to
have these many mills. A fact of the matter is that we have produced more than
enough engineers to use the products of these mills, if they are functioning at
all, to produce our own cars, etc. Our leaders should invite our best and
brightest engineers at home and Diaspora and put them to work for the good of
country. In any case, who am I fooling? Our epileptic "NEPA" does not work
efficiently. But we need an effective power generating system to run a steel
industry. Look at what the developing country, India, is doing. This country is
today involved in lunar exploration. Nigeria and South Africa could lead an
inspiring economic renaissance in the continent if we put our money where our
mouth is. We must not wait for the Chinese to do for us what we can do for
ourselves. This is my two cents on this vexing matter.

Ike Udogu

----- Original Message -----
From: Mobolaji Aluko <alukome@gmail.com>
Date: Sunday, February 1, 2015 4:18 am
Subject: USA Africa Dialogue Series - Re: NIGERIA NOW HAS 21 FUNCTIONAL STEEL
MILLS - AGANGA
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> Chuks Collins:
>
> Don't be lost - since you are so interested only in the South-East,
> go home
> and find out how many steel rolling mills are situated there! :-)
>
> But to spare you some effort - following which you can verify - at
> least in
> 2002,  of the 13 rolling mills, 7 mini mills and 2 integrated steel
> companies (a total of 22 steel companies):in the country:
>
> - there were three steel rolling mills in the South-East:  in Onitsha
> (Allied Steel Co.), Owerri (Metcombe Steel Co.) and Enugu
> (Nigersteel Co.),
>
> but there were also (in case you are interested),
>
> - three in the South-South: in Aladja-Ovwian (Delta Steel Co.,), in
> Asaba(General Steel Mill,) and in Eket (Qua Steel Products)
>
> - four in North-Central: with one in Ajaokuta (Ajaokuta Steel Co.
> Ltd. ),
> two in Ilorin (Union Steel Co., Kwara Commercial, Metal and Chemical
> Industries) and one in Jos (Jos Steel Rolling Company)
>
> - two in the North-West: in Kano (Nigerian Spanish Eng. Co.,)  and
> Katsina(Katsina Steel Rolling Co)
>
> - one in Abuja (Baoyao Futurelex))
>
> and the rest (nine) are
>
> - in the South-West, with three in Ikeja alone (Asiastic Manarin Ind,
> Continental Iron & Steel Co.,, Universal Steel Co,),  two each in
> Ikorodu(Kew Metal Industries,, Mayor Eng. Co.,) and Otta (Federated
> SteelIndustry, Selsametal), and one each in Ibadan (Alliance Steel
> Co.) and
> Oshogbo (Oshogbo Steel Co)
>
> Much of this information requires updating, particularly with respect
> death. resurrection and birth of some of the rolling mills and
> integratedmills - and I am doing so presently - but the above gives
> an indication of
> the steel companies' national spread. (See:
> http://www.afristeel.org/NIGERIAN%20STEEL%20INDUSTRY%20-
> %20HISTORICAL%20DEVELOPMENT.pdf)
>
> After electricity, the iron and steel industry is CRITICAL to national
> technological development - and again, we got to strive to get it
> right.
> And there you have it.
>
>
> Bolaji Aluko
> Chemical Engineer
>
>
> On Sat, Jan 31, 2015 at 8:05 AM, Chuks Collins
> <ceesmart62@gmail.com> wrote:
>
> > Am a bit lost. Please how many of this steel mills are located
> within> South East?
> >
> > Cheers
> >
> >
> > Chuks
> >
> > Sent from my iPad
> >
> > On Jan 30, 2015, at 8:55 PM, Okwukwe Ibiam <o.ibiam@gmail.com>
> wrote:>
> > Nigeria now has 21 functional steel mills – Aganga
> >
> >
> > January 30, 2015 by Agency Report 15 Comments
> > <http://www.punchng.com/business/business-economy/nigeria-now-has-
> 21-functional-steel-mills-aganga/#disqus_thread>
> >
> >
> >
> >
> > <http://www.punchng.com/business/business-economy/nigeria-now-has-
> 21-functional-steel-mills-aganga/?print=1>
> >
> >
> > [image: Minister of Trade and Investment, Mr. Olusegun Aganga]
> >
> > Minister of Trade and Investment, Mr. Olusegun Aganga
> > * | credits: File copy*

> >
> > The Minister of Industry, Trade and Investment, Mr. 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.
> >
> > He said this when he inaugurated a N60bn integrated steel rolling
> mill in
> > Sagamu, Ogun State built by Standard Metallurgical Company,
> adding that the
> > government was committed to repositioning the steel sector to
> access a
> > substantial share of the global wealth of the industry, estimated
> at $10tn.
> >
> > "Before this administration came on board, we had less than five
> > functioning steel rolling mills and no cold-rolled steel mill;
> but today
> > there are more than 15 functioning steel rolling mills producing
> reinforced> bars; about three functioning cold rolled steel mills
> producing cold rolled
> > flat sheets; and about three producing or about to commence the
> production> of wire coils. This is a visible evidence that our
> policies are working,"
> > Aganga said.
> >
> > According to him, steel is at the heart of any country's economic
> > development and is one of the most important materials widely
> used for both
> > domestic and industrial purposes throughout the world, hence the
> priority> given to the sector in the NIRP.
> >
> > He said, "In addition to accelerating the industrial development
> of a
> > nation, a vibrant steel sector contributes to the growth of the
> Gross> Domestic Product and exploitation of Nigeria's abundant
> natural resources.
> >
> > "A vibrant steel sector also generates economic activities in
> downstream> industries, creates job opportunities and acquisition
> of technical skills,
> > and helps in the transfer of technology and provision of machine
> parts and
> > tools. This particular project is being executed with 100 per cent
> > locally-sourced raw materials."
> >
> > The minister noted that the establishment of the first phase of
> the SMC
> > steel mill and the ground-breaking of the second phase would
> complement the
> > company's existing investments in the agri-business sub-sector,
> pointing> out that the mill ranked among the largest private sector
> investments in
> > the steel sector in Nigeria.
> >
> > Aganga said, "I am assuring existing investors like SMC and
> prospective> ones of government's support in the pursuit of self-
> sufficiency in local
> > steel production. The implementation of game changers in the
> sector is
> > already opening up a lot of downstream sector activities, with the
> > attendant massive job opportunities and economic empowerment for our
> > engineers, technicians, artisans and fabricators alike.
> >
> > "To date, a number of sectorial policies have been developed
> under the
> > NIRP. The Sugarcane to Sugar under the National Sugar Master Plan
> has> attracted over $3bn in investments."
> >
> > --
> >
> >
>
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--

Okey Iheduru, PhD

You can access some of my papers on the Social Science Research Network (SSRN) at: http://ssrn.com/author=2131462.

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