By Tapiwa Mutonhodzi

Belgian steel trader Euro Mel Services (EMS) is eyeing the country’s steel industry for investment opportunities, the Harare Post can report.

EMS is seeking business and investment opportunities in Zimbabwe’s steel industry as it seeks to expand the supply of resources for manufacturing, a highly placed source has revealed to this publication.

The source said Zimbabwe is capable of supplying steel to the international market. Belgium can restock its steel supply requirements from Zimbabwe to provide itself with a reliable supply of raw materials.

Belgium also intends to purchase processed steel products from Zimbabwe and invest in steel operations.

EMS is a big player in the steel industry. Currently it is acquiring its steel supplies from China and other countries.

The Harare Post has learnt Euro Metal Service is leading in steel trading for the past 20 years and has its offices in Belgium and China. The headquarters is based in Antwerp (Belgium).

Zimbabwe through the Ministry of Mines and Mining Development as well as the Ministry of Industry and Commerce are facilitating the partnering of the country’s steel industry with EMS in anticipation of turning around this sector towards attainment of vision 2030.