Vulcan Group buys Oman’s Sohar Steel

Vulcan Group has acquired Oman-based long-steel producer Sohar Steel for an undisclosed amount, an executive at the previous owner - Middle East Traders Oman - told Fastmarkets on Wednesday March 15.

The acquisition comes amid an uptrend in billet and rebar prices in the United Arab Emirates (UAE), a key market for Omani long steel products.

Sohar Steel, which has been...

Published

Serife Durmus

March 15, 2023

16:32 GMT

Bursa