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 23/05/2013

        
 
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 Thirty Years of Working With Seel
 Alqodeiri: 1 bln USD to build the largest sponge iron mill in the gulf region
 Last Update:     05/12/2011 10:49:51
 "Folad" company's delegated member and VP of board of directors Mr. Khaled Alqodeiri said that his company is currently planning to build the largest sponge iron mill in the gulf region with cost estimated (1 bln USD), this mill will be integrated with its current mills in Qatar and Saudi Arabia. Alqodeiri hinted that this mill is part of an expansion project for its steelworks in Alhad region including rebar and sponge iron production abbreviated as "DRI" via direct reduction process, clarifying that his company aims eyes the Kingdom as its Middle East operations center. It's known that iron concentration in sponge iron approximated 98%, also considered as a medium product in iron and steel industry since it enters EAF as ore in order to be melted, then other alloy elements such as titanium, vanadium, magnesium are added to give steel its required mechanical characteristics, Alqodeiri continued " we are cooperating with two Japanese companies; two of the world's biggest producers of iron and steel…. Our mill will be equipped by the most recent electronic devices for steel production processes", emphasizing that his company seeks to make Bahrain its Middle East operations center. He continued that such as project, which is waiting needed licenses from the trade and industry ministry, comes to cover the increasing demand on steel, hinting out Qatar has now commenced major projects in preparation for the 2022 World Cup event, commenting " focus will be centered on the GCC countries which import about 4 mlnt of these products per year, as soon as the production starts we will target these markets; our mill is going to be the first in the gulf region". He called GCC countries to encourage the local steel industry in order to meet the increasing demand, pointing out that "Industrial Gulf company for Investment" has plans for expansion but it's waiting the governmental support and facilitations from gulf countries to launch expansion operations. "Folad" has given away some donations as a gesture of its commitment before all activities", as well as the ecological commitment was listed in the funding banks' requirements, "Folad" has made a 2.5 km length X 20 m height wall to protect environment from dust with estimated cost (14 mln USD) as an initiation launched from the company.
Source: Alwatan newspaper

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Algeria - ArcelorMittal continues talks to increase Algerian capacity
World  - World Steel sees iron ore surplus growing up to 2017
Russia - Russian firm plans to build billet & rebar mill by 2015-16
Turkey - Turkish billet and slab output down in Jan-Feb
Russia - Russia's Severstal to expand CR product capacities
CIS - ArcelorMittal expects 4.2% annual growth until 2018 in CIS
Russia - Russia's Severstal to expand CR product capacities
Saudi Arabia - Rajhi Steel mulls new billet plant
Saudi Arabia - Qatar Steel enters DRI supply agreement with Saudi mill
Russia - New capacity seen capping Russia rebar price

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Bahrain - Alqodeiri: 1 bln USD to build the largest sponge iron mill in the gulf region

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More About
Steel Industry
Algeria - ArcelorMittal continues talks to increase Algerian capacity
World  - World Steel sees iron ore surplus growing up to 2017
Russia - Russian firm plans to build billet & rebar mill by 2015-16
Turkey - Turkish billet and slab output down in Jan-Feb
Russia - Russia's Severstal to expand CR product capacities
CIS - ArcelorMittal expects 4.2% annual growth until 2018 in CIS
Russia - Russia's Severstal to expand CR product capacities
Saudi Arabia - Rajhi Steel mulls new billet plant
Saudi Arabia - Qatar Steel enters DRI supply agreement with Saudi mill
Russia - New capacity seen capping Russia rebar price
 

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