NO. 7


Saudi Arabia

HADEED Examines Bids For New Steel Plant

The Saudi Iron and Steel Company (HADEED) is in the process of studying bidsfor a new steel flat products plant with a capacity of 700,000 tons/year to bebuilt on a site close to HADEED's existing direct reduction plant in Jubail. Thenew plant is expected to cost over $1bn and the contract will be awarded on alump-sum turnkey basis. The current capacity of HADEED's Jubail complex is 2.2mnt/y, having been...