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Molan Steel Fully Settles Payment, Reduction Deal with Yara International

MT Newswires·10/04/2026 03:38:24
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03:38 AM EDT, 10/04/2026 (MT Newswires) -- Molan Steel (SASE:9553) settled its remaining balance related to its payment and reduction deal with Norwegian crop nutrition and ammonia provider Yara International (YAR.OL). The Saudi Arabian steel producer paid 6.8 million Saudi riyals on Oct. 1, according to a Sunday release. The deal is linked to a dispute over the purchase price of Mayar International for Industry's branch commercial registration.