A selection of steel news from around the globe:
Hadeed steel production up
Saudi Iron & Steel Co (Hadeed), a SABIC company, achieved 4.4Mt production in 2009, consisting of long and flat products.
It is the second highest figure reached since the year 2000 by the company. It is a 2.3% rise in production compared to 2008, which was 4.3Mt according to company sources.
Malaysia Steel Works (Masteel) plans to invest RM300M ($87.4M) in a downstream expansion project near its existing meltshop in Klang.
Masteel said the project was to meet the demand of the growing local and export markets. The expansion would be ready in two years and financed from its own funds and borrowings.
It said the feedstock would be the company’s billet produced at the meltshop.
Ezz Steel has signed an EGP1.8bn ($350M) contract with the National Bank of Egypt & Banque Misr to fund the construction of a DRI plant with a capacity of 1.9Mt/y. The plant will be built in Ain Al-Sukhnah near Suez, Egypt, where the company’s plants are located. Production of the new plant is expected to start during Q3 2011.
Chinese pickling section
CMI Chemline has signed a contract with Zhangjiagang Pohang Stainless Steel, China to supply the pickling section of a Cold Rolled Annealing & Pickling Line (CAPL).
The 435kt/y line will come into operation in the middle of 2011 in Zhangjiagang City, Jiangsu.
The line allows for the integration of different treatment steps to follow the
demand variances of the stainless steel market (200, 300, 400, duplex series).
Handan Iron & Steel Co, China, has given Siemens VAI Metals Technologies an order to supply a wire rod outlet for a rolling mill in its Handan Works.
The new plant will enable the corporation to enter markets for high-end products. Siemens VAI has contracted with two other Chinese steel companies for rod outlets since July 2009.
Yichang Three Gorges company, China has placed an order with SMS Siemag, Germany, to supply two continuous annealing lines. Both lines will process ultra-thin sheet, which will then be elec¬troplated and used as packaging material.
Commissioning of the first line is set for May 2011. The second line will follow a month later.