The source, who preferred to remain anonymous, said "the Ministry of Finance has allocated 150 million dollars last October for the rehabilitation of the affected sections and suspended from work entirely in the factories of rolling and steel in the company".
He explained that the "reconstruction and rehabilitation will be undertaken by the engineering and technical cadres of the company, depending on the reserve materials available in the local markets and some of the global ones".
He pointed out that "the company had stopped working since the first Gulf War, when it was subjected to aerial bombing that destroyed its important parts and then to looting and vandalism during the collapse of the former regime".
The Iron and Steel Company is one of the large companies in Iraq, consisting of two major factories for smelting and rolling and employs more than 6300 workers who are paid nominal salaries, by the State, currently range between 100 thousand dinars and 300 thousand iraqi dinar.The company used to produce construction iron according to international standards by 500 tons per day.
(Source)AlSabah
