Tomorrow, our resident donkeys will type that ''we don't manufacture even toothpicks in Nigeria''.

Another set of donkeys will say that these guys are only ''assembling the steel'' not manufacturing it.

Useless set of people.

NGpatriot:


No high school education, but he's a self thought engineer and he turned a N10,000 advance he received on finishing a trading apprenticeship in 1987 into a $300-million industrial conglomerate.

Hard work and dedication pays.

That sounds inspirational, but the fact about KAM Steel is that, this great couple are just the face while they have behind the scene stake holders.

LegendHero:

https://www.independent.ng/kam-steel-acquires-n60bn-lebanese-company-targets-10000-jobs/

Good development. OP, it is "metallurgical and not what is spelt therein.

Hardworking is good to be great in this life thanks to Kam limited for the great job and enlighten experience

For this man to buy SMC in sagamu, he tried because that place is big equipped with modern machines...i worked there 2015 and they pay us 1000 per day.

Good news, more success stories from KAM industries.

Igbochief001:
serious steel business is no business china has killed the business ....

best thing is to have duty free steel import so that companies can import steel as raw materials and use them to produce things ....that's why I look at Nigerians fighting for ajokuta

china has killed steel industry completely

It's a lie, KAM reinforcement is the best local steel in Nigeria markert.

And many Engineers who know the worth are going for it.

I love working with KAM reinforcement!

Igbochief001:
serious steel business is no business china has killed the business ....

best thing is to have duty free steel import so that companies can import steel as raw materials and use them to produce things ....that's why I look at Nigerians fighting for ajokuta

china has killed steel industry completely

Like seriously? Are you a graduate? Which school did attend?

What happened to self sufficiency plans? Must you depend on other countries for already finished product?

Like seriously? I sincerely pity this generation.

Igbochief001:
serious steel business is no business china has killed the business ....

best thing is to have duty free steel import so that companies can import steel as raw materials and use them to produce things ....that's why I look at Nigerians fighting for ajokuta

china has killed steel industry completely

So, we should keep on importing instead of producing ours indigenously?

IamGoke:


So, we should keep on importing instead of producing ours indigenously?

lol import raw materials produce finished products ...but we ban import of raw materials all finish products imports

geosegun:


Like seriously? Are you a graduate? Which school did attend?

What happened to self sufficiency plans? Must you depend on other countries for already finished product?

Like seriously? I sincerely pity this generation.

first I'm a graduate of mechanical engineering from the prestigious UNIVERSITY OF NIGERIA

self sufficiency plan is old theory that has been faced out ...the modern world we have what's called comparative advantage theory

in other to be a net export country ..we need to be comparatively advantage in a product ...we can't produce steel cheaper than china ...so what ever we produce with our steel can't be exported because they would be too expensive
but if we import cheap steel from China we can use them to produce goods with our cheap gas and cheap labour those goods would be cheaper than most countries around us ...

allow importation of cheaper raw materials , ban importation of finished goods ....

sorry if u don't grab I can't help u anymore

I feel like burning ma certificate,what we need is SABITICATE....see man that did go to ivory tower employing engineers even expatriate...if only we have 10 of such smart people in Nigeria....he is not a certificate flashing engineer but he was able copy a furnace from Italy & replicate it..while we have professors, engineers of metallurgy who cannot make Ajaokuta steel work.do we need a gigantic steel plant that never work...why cant we build a modular steel plant scattered around iron- ore sites?

Kam steel...this man Kam wire as popolary called ,started with his wife for our backyard at Asadam ,na Everytime Dem dey spoil transformer,see them today

Igbochief001:

first I'm a graduate of mechanical engineering from the prestigious UNIVERSITY OF NIGERIA

self sufficiency plan is old theory that has been faced out ...the modern world we have what's called comparative advantage theory

in other to be a net export country ..we need to be comparatively advantage in a product ...we can't produce steel cheaper than china ...so what ever we produce with our steel can't be exported because they would be too expensive
but if we import cheap steel from China we can use them to produce goods with our cheap gas and cheap labour those goods would be cheaper than most countries around us ...

allow importation of cheaper raw materials , ban importation of finished goods ....

sorry if u don't grab I can't help u anymore

Every developed countries in the world first achieved certain levels of self sufficiency and development before being a net exporter of a particular product.

The China example you shared above was wrong due to the fact that importing a finished product as a raw material for another finished products can never be any cheaper...

Why import a finished products when you have a massive deposits of the raw material lying fallow that you can always be mined for any end products of your likes?

There is no developed country in this world that does not have sufficient steel manufacturing plants, there is none. You know why? Industrialisation mostly depends on steel manufacturing. UK, France, the US, China, Russia, Germany, etc all have massive iron and steel manufacturing companies, that are heavily subsidised, because it is the bedrock of industrialisation and development.

For a well industrialised Nigeria that we all yearn for, we need to invest heavily in the processing and manufacturing of steel. Our rapid development depends wholly on this...think of what can be achieved with capacity development in this area. Besides, the quality of ore that we have in Nigeria is one of the best in the world. There is a particular mineral, which is used in certain part of Roll Royce and its mainly source from Nigeria.

What you are saying indirectly is that we should depends on other countries on the need of steel for manufacturing weapons of war, transportation, housing and shelters, civil engineering structures etc.

Imagine companies sourcing most of their raw materials within the country? Imagine Dangote sourcing all the refinery steel components from a steel manufacturing company in Nigeria. Now BUA? Can you imagine the amount of forex exchange that will safe? You are always shouting about Naira devaluation, don't you know that this is one if the reasons the currency is in a mess?

Lastly, the theory you stated is only applicable for developed countries. Those are countries that have fully maximized their industrialisation and due to lack of certain products or expertise would better import the missing parts than manufacturing it at home as it may not be economical. However note, they have capacities for at least 90% of manufacturing of these components. Ofcourse the 10% can be sourced from somewhere else, that have comparative advantages, to compliment what they have and this is where your quotes theory is applicable.

One more thing, what you said up there was the main reason they gave the Nigerian leaders in the 80s and the Ajaokuta manufacturing steel was abandoned and hence the nations development stalled. I was appalled to read such sentence from a supposed learned engineer. You are proposing such an obnoxious idea? I think you need to go back to school. UNN used to do better in those days and not any longer, I supposed?

NB: The major proponents of Green energy are in the UK/Europe, you know why? The north Sea host just about 1% of the world oil reserves, so they are at a disadvantage. There have been theories here and there that green energy was the best. But non paid attention until the oil price crashed and reserve was negligible and boom, they are now singing a new song on renewable energy. Those theories are only applicable to mostly developed worlds and not developing countries.

Besides, if you care to know, I am a practicing Geologist and I finished from the prestigious University of Ibadan.

geosegun:


Every developed countries in the world first achieved certain levels of self sufficiency and development before being a net exporter of a particular product.

The China example you shared above is wrong due to the fact that importing a finished product for a raw material for another finished products can never be cheaper...

Why importing a finished products why you have massive deposits of the raw material lying untapped, that you can always mined for any products of your likes?

There is no developed country in this world that do not have sufficient steel manufacturing plants, there is none. You know why? Industrialisation mostly depends on steel manufacturing. UK, France, the US, China, Russia, Germany, etc all have massive iron and steel manufacturing companies because it is the bedrock of industrialisation and development.

For a well industrialised Nigeria that we all yearn for, we need to invest heavily in the processing and manufacturing of steel. Our rapid development depends wholly on this...think of what can be achieved with capacity development in this area. Besides, the quality of ore that we have in Nigeria is one of the best in the world. There is a particular mineral, which is used in certain part of Roll Royce and its mainly source from Nigeria.

What you are saying indirectly is that we should depends on other countries on the need of steel for manufacturing weapons of war, transportation, housing and shelters, civil engineering structures etc.

Imagine companies importing all the raw materials as we do now? Imagine Dangote sourcing all the refinery steel components from a steel manufacturing company in Nigeria. Now BUA? Can you imagine the amount of forex exchange that will safe? You are almost shouting about Naira devaluation, dont you that is one if the reasons the currency is in a mess?

Lastly, the theory you stated is only applicable for developed countries. Thos are countries that have full maximized there industrialisation and due to lack of certain products or expertise would better import the missing part than manufacturing it at home as it may not be economical. However note, they have capacities for at least 90% of manufacturing of these components. Ofcourse the 10% can be sourced from somewhere else, that have comparative advantages, to compliment what they have.

Lastly what you said up there was the main reason they give the Nigerian leaders in the 80s and the Ajaokuta manufacturing steel was abandoned and hence the nations development stalled. I was appalled to read such sentence you are proposing such obnoxious idea. I think you need to go back to school.

NB: The major proponents of Green energy are in the UK/Europe, you know why? The north Sea host just about 1% of the world oil reserves, so they are at a disadvantage. There have been theories here and there that green energy was the best. But non paid attention until the oil price crashed and reserve was negligible and boom, they are now singing a new song on renewable energy. Those theories are only applicable to mostly developed worlds and not developing countries.

Besides, if you care to know, I am a practicing Geologist and I finished from the prestigious University of Ibadan.

we have weak iron deposit in Nigeria with low average concentration

that's fairly average ..but we lack the technology ....so mining steel is no no for now till we develop the tech

European steels are dead american steel is dead china rules the steel world ....the world had to beg china to reduce production

Congratulations to Alhaji Kamoru Yusuf Kamwire. This is a very big achievement despite his limited education. I pray the company continues to grow in size.

Igbochief001:

we have weak iron deposit in Nigeria with low average concentration

that's fairly average ..but we lack the technology ....so mining steel is no no for now till we develop the tech

European steels are dead american steel is dead china rules the steel world ....the world had to beg china to reduce production

The technology is being developed as we speak. These 3 sectors are required for the Nigerian Steel manufacturing to be fully operational and massive work are being done to achieve this...

NIOMCO must be functional- huge amount of money released for it revitalization

Itakpe to Ajaokuta Railway line must be functional and it's been constructed and almost at the completion stage.

Blast Furnace must be fully operational and its almost 98% completed.


I agree with the low iron content concentration- but the expansive occurrence of the ore compensate for it. We cannot continue to rely on other countries for ever...

Those countries you mentioned used to be exporter of steels. They are only raising concerns as it is affecting their export earnings from steel. It's all politics. The UK and the US massively subsidised the continue production of steel for use within their countries. If not why cant the US or the UK stop stop steel production completely and rely solely on China steel to supply their needs?

Nothing wrong with Nigeria doing same, it will help create jobs, reduce foreign exchange demands and support the growing economy.

Your first submission above is wrong, young man.

geosegun:


The technology is being developed as we speak. These 3 sectors are required for the Nigerian Steel manufacturing to be fully operational and massive work are being done to achieve this...

NIOMCO must be functional- huge amount of money released for it revitalization

Itakpe to Ajaokuta Railway line must be functional and it's been constructed and almost at the completion stage.

Blast Furnace must be fully operational and its almost 98% completed.


I agree with the low iron content concentration- but the expansive occurrence of the ore compensate for it. We cannot continue to rely on other countries for ever...

Those countries you mentioned used to be exporter of steels. They are only raising concerns as it is affecting their export earnings from steel. It's all politics. The UK and the US massively subsidised the continue production of steel for use within their countries. If not why cant the US or the UK stop stop steel production completely and rely solely on China steel to supply their needs?

Nothing wrong with Nigeria doing same, it will help create jobs, reduce foreign exchange demands and support the growing economy.

Your first submission above is wrong, young man.

ajokuta is what u want to use to compete with china ? ooh please tell me another story Bros

that technology is 60 years behind

azmanaty02:


Stop quoting me. Zombies bore me

You should be a boredom to yourself.

Bytheway, what is an Ipob miscreant doing on a thread for the progressives?

Igbochief001:

ajokuta is what u want to use to compete with china ? ooh please tell me another story Bros

that technology is 60 years behind

We are not competing with any country. We are aiming at self sufficiency and survival. Manufacturing steels for a population of 200 million economy, no be beans. Nigeria, as a country on it's own, is a sufficient market for itself, yes, atleast for now.

I hope this helps.

Ijaya123:


I should be a boredom to me who.re mother.

Bytheway, what is an skull miner like my father doing on a thread for the progressives?

I am thinking same

Igbochief001:
serious steel business is no business china has killed the business ....

best thing is to have duty free steel import so that companies can import steel as raw materials and use them to produce things ....that's why I look at Nigerians fighting for ajokuta

China has killed steel industry completely

The Chinese haven't killed the steel industry, South Korea and India have thriving steel industries.

I agree that the Ajaokuta is a pipe dream due to the fact that large scale steel complex are relic of the first industrial revolution and depend entirely on expensive supply chain that are beyond Nigeria operational capabilities.

azmanaty02:


I am thinking same that I should be a boredom to my who.re mother.

Bytheway, what is a skull miner like my hatred filled useless father doing on a thread for the progressives?

I think same too.

They are bailing because they have sucked the company dry even before major production began. The new owner will really make money if the management are monitored closely.

MondayOsunbor:



stupid Nigerian youths

Lebanese are bailing from the country

one wonders if these people know something we don't

Ijaya123:


I really pity my whor.e mother coz she's really a clown. I hope I amount to something so hunger wont wipe her ass as its doing.

sorry for her

Igbochief001:
serious steel business is no business china has killed the business ....

best thing is to have duty free steel import so that companies can import steel as raw materials and use them to produce things ....that's why I look at Nigerians fighting for ajokuta

china has killed steel industry completely

Can you explain how please? Thank you.

geosegun:


We are not competing with any country. We are aiming at self sufficiency and survival. Manufacturing steels for a population of 200 million economy, no be beans. Nigeria, as a country on it's own, is a sufficient market for itself, yes, atleast for now.

I hope this helps.

lol the world is now a global village ...a small country that focuses on their comparative advantage even if it's orange would make far more money than u

comparative advantage is the way to go ...America has the largest oil reserves but still import oil ...u think they are fools ?

Igbochief001:
serious steel business is no business china has killed the business ....

best thing is to have duty free steel import so that companies can import steel as raw materials and use them to produce things ....that's why I look at Nigerians fighting for ajokuta

china has killed steel industry completely

you are wrong, we have the raw materials so its not dead.we cn support and suppply the local Economy.we need more steel in Nigeria like kilode

Igbochief001:

lol the world is now a global village ...a small country that focuses on their comparative advantage even if it's orange would make far more money than u

comparative advantage is the way to go ...America has the largest oil reserves but still import oil ...u think they are fools ?

Using teh American factor as per Oil holds no water here, cos the only reason why Americans leave their own reserves is simple, its cheaper to import than to explore, ie their own Oil is far more expensive to extract. The same cant be said with Iron ore.If you look back just now ate share gas and oil it crashed the price of Oil just cos they found a new and cheaper way to extract it!.