Help Desk -
9717405332, 9599714297, 9810335381
Email
Password

Algerian Qatari Steel Aims to Stop Steel Imports

Steel News - Published on Wed, 07 Aug 2019

Image Source: Gulf Times
Argus Media reported that Algerian-Qatari steelmaking partnership Algerian Qatari Steel brought on line its third rolling mill at the Bellara mega industrial complex close to Algiers at the end of July, with a view to stopping imports. The company aims in the short and medium term to effectively meet the needs of the national market for steel products in quantity and quality, with the strategic objective of stopping the import of steel.AQS said that "As for our long-term prospects, they can be summarised as the second phase of the project's investment program, bringing production capacity to more than 4 million tonne, with an implementation budget of nearly USD 2 billion."

The remainder of the project, including a 2.5 million tonne per year direct reduction unit and two electric steel plants with a crude steel capacity of 2.2 million tonne per year, will be brought on line by the end of this year.

The facility will have the capacity to produce 2mn t/yr of finished steel 1.5 million tonne of rebar and 500,000 tonne of wire rod to meet the domestic construction demands of Algeria.

Algeria is a major importer of finished and semi-finished steel products for rolling, primarily from the CIS region. In 2018, Algeria imported 982,992 tonne of billet, 533,855 tonne of which was from Ukraine and 281,344 tonne from Russia.

Source :

Posted By : Sanju Moirangthem on Wed, 07 Aug 2019
Related News from Steel segment