FG, PSML sign $1.3bn deal to revive Delta steel coy By Halima Muhammad The Federal Government has signed a sub-lease agreement for the restoration and full operationalisation of the Delta Steel Company now known as Premium Steel and Mines Limited (PSML), Ovwian-Aladja, Delta. The News Agency of Nigeria (NAN) reports that the agreement was between the National Iron Ore Mining News Agency of Nigeria