The Management of African Steel Limited has denied recent media reports claiming that the Ikorodu Steel Factory was shut down by the Standard Organization of Nigeria over standard infractions, stating that the story is false.
It explained that a team from SON recently visited African Steel Ikorodu as part of their regular oversight visit. During the visit, the team took inventory of the already manufactured steel products and collected samples for further regulatory processes, with proper documentation. The company is committed to upholding the highest standards of its manufactured products and providing services that conform with all regulatory requirements given its huge investment in the Nigerian economy which includes an integrated iron ore mining, processing and steel production plant located in Kajuru, Kagarko Local Government Area of Kaduna state with a capital outlay in the region of $600m.
According to him, the SON nationwide regulatory action was part of routine exercises usually carried out periodically without notice, to checkmate the production and circulation of substandard iron rods in the Nigerian markets. SON is determined to clamp down on standards infractions in all sectors of the economy with particular emphasis on products classified as life-endangering.