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South Korean manufacturer LS Cable &
System has agreed an optical cables
supply deal in Italy. The contract, signed
with Italy’s Open Fiber telecoms network,
is estimated to be worth $17.6 million and
to be the largest amount of optical cables
exported by a Korean company.
LS will provide optical cables for Open
Fiber’s network construction project until
2018. Open Fiber, owned by the state-
controlled utility company Enel and Italian
state lender Cassa Depositi e Prestiti, is
currently constructing a high speed network
to connect 40 Italian cities.
In April 2017 LS established a sales unit in
France to cover the European region. LS
Cable & System’s president, Myung Roe-
hyun, said that theofficeplayedasignificant
part in securing the latest contract, and:
“…Expects to win more supply deals in the
region during the second half of this year.”
Italian job
A ‘Steel mills of the world’ report reveals that
Saudi Iron and Steel Company (Hadeed)
has announced an increase in its rebar
and wire rod prices. The price of rebar for
the domestic market increased by $40 per
tonne to $533 per tonne.
The new wire rod price has also been
adjusted to $533 per tonne, up by $40 per
tonne compared with the company’s last
announced prices.
Price rise
wiredInUSA - September 2017
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