UAE companies consortium to build 4 steel plants in the country

A consortium of Emirati companies, including CIM Steel Industry LCC, Rhino Steel, Metal Care Center Factory LCC and Aziz Steel, plan to build four steel plants in the United Arab Emirates (UAE) in the industrial city of Umm Al Quwain. SteelOrbis reports about it.

130,000 square meters were allocated for the construction of a steelmaking center in Umm al-Quwain. The facilities plan to produce high-quality Aluzinc steel coils using leading recycling and reuse technologies. The industrial center has an expanded logistics network, which will contribute to expanding the presence of UAE products in export markets.

CIM Steel Industry is expected to invest 250 million dirhams ($68 million) to build a state-of-the-art cold rolling mill with a capacity of 500,000 tons per year. Rhino Steel will allocate 110 million dirhams ($30 million) to the construction of the region’s first fully automated coating line, the capacity of which will reach 250,000 t/year.

Metal Care Center Factory will provide 81 million dirhams ($22.1 million) for the construction of a steel smelting shop and rolling mill with a capacity of 200,000 tons per year, and Aziz Steel will allocate 60 million dirhams ($16.3 million) for the commissioning of a steel forming line with a capacity of 120 thousand t/year, which will produce aluminum products.

As GMK Center reported earlier, the Brazilian mining company Vale and AD Ports Group from the UAE signed a memorandum of understanding on megahub developments in Abu Dhabi, which will produce low-carbon products for the steel industry for both the local and global markets.