ArcelorMittal is set to build a steel mini mill with EAF in northern Iraq.
It has formed a JV with Turkish group Dayen to build the mill, which will produce 250kt/y of rebar from locally sourced scrap. It will cost between $100-$150M and construction is set to start in Q2 2010 with production beginning in Q4 2011. Production could rise to 500kt/y.
Christophe Cornier, member of the Group Management Board said: “There is great demand for steel products for the local construction industry, which we aim to meet, working closely with our partner Dayen and the local government in Northern Iraq.”