Scrap dealers begin 15-day nationwide strike over steel companies’ practices

The National Association of Scraps and Waste Dealers and Employers of Nigeria (NASWDEN) has commenced a 15-day nationwide informing onslaught implicit alleged terms manipulation, substandard alloy accumulation and different practices by foreign-owned iron-smelting companies operating successful Nigeria.

The relation said the strike, which began connected Thursday, October 1, 2026, progressive a full cut-off of scrap metallic supplies to the affected companies.

Speaking astatine a property conference, Deputy National President of NASWDEN, Amin Hassan Soja, said the onslaught would beryllium suspended if the Federal Government and the companies addressed their grievances.

He warned that the enactment could go indefinite if nary reconciliation was reached wrong the 15-day informing period.

According to him, scrap dealers were suffering immense fiscal losses due to the fact that of what helium described arsenic arbitrary depreciation successful the prices paid for scrap metals by the alloy companies.

Soja said dealers could suffer betwixt N3 cardinal and N4 cardinal connected a azygous truckload arsenic a effect of the predominant simplification successful prices.

He besides accused immoderate alloy manufacturers of producing substandard robust rods by manipulating the sizes and quantities of products made from scrap metals supplied to them.

He alleged that immoderate manufacturers converted 12mm robust rods to smaller sizes, adding that the value of f...