Mittal facing rivalry in S. Africa galvanized market

Dec 12, 2005 | 02:22 PM |

Safil Investments (Mauritius) Ltd. will decide before the end of the first quarter next year whether it will attempt to break Mittal Steel Co. NV's monopoly on the South African galvanized steel market.

Safil is considering setting up a cold-rolling and galvalume plant to provide material to the construction industry throughout Africa. "A decision is expected in early 2006," a senior executive from the group's Safintra subsidiary said. He declined to specify capacities under....

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