Kogi Iron Ltd

Kogi Iron confident of Nigerian steel potential

Kogi Iron (ASX: KFE) managing director Martin Wood tells Proactive the company has proved it can process iron ore into steel, and is confident in its community agreements with Nigerian authorities and communities.

Wood also says Nigeria's nascent middle class will drive a strong demand for steel, which the country is currently importing. Kogi Iron will be a "disruptive", superior quality steel provider for rebar customers, says Wood, and a "positive force" for the whole country.

Quick facts: Kogi Iron Ltd

Price: $0.05

Market: ASX
Market Cap: $32.46 m

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Kogi Iron looks set to shake up the Nigerian steel market

Martin Wood, chief executive of Kogi Iron Ltd (ASX:KFE) introduces the company to Proactive's Andrew Scott and runs through their plans to become the first primary steel producer in Nigeria. Kogi plans to build an integrated cast steel plant in the neighbourhood of its Agbaja iron ore...

on 10/9/18

2 min read