Saudi Arabia
20 January 2025
Investments in the project will amount to €1.5 billion
17 January 2025
The project has the potential to produce up to 12 million tons of direct reduced iron (CBI) per year
The company is actively expanding in the Saudi Arabian market
The company will develop requirements for the complex for the production of 4 million tons of steel products per year
News Global Market Saudi Arabia
18 December 2023
By increasing steel production, the country plans to meet a significant increase in domestic demand
News Global Market Saudi Arabia
05 September 2023
The deal is expected to close by the end of the first quarter of 2024
News Global Market Saudi Arabia
02 May 2023
The enterprise is planned to be commissioned by the end of 2026
News Global Market Saudi Arabia
17 January 2023
The initial capital of the new company will be $50 million
01 November 2022
The company signed a memorandum of understanding with the National Center for Industrial Development of Saudi Arabia
22 September 2022
The project to be completed by the end of 2025
News Global Market Saudi Arabia
16 September 2022
Commercial operation of the facility is expected to begin by 2025
News Global Market Saudi Arabia
13 September 2022
The total production capacity of the enterprises will be more than 6 million tons of steel products per year