Isfahan Steel and Al-Hadeed sign an agreement

Isfahan Steel and Al-Hadeed sign an agreement

Iranian steel producer Isfahan Steel Mill (ISM) and Saudi Arabian steel producer Al-Hadeed Company signed an agreement yesterday. The agreement covers exchange of technical and research information. Moreover, the companies will hold seminars for each others' employees. It is also reported that Saudi Arabia's cooperation with an Italian company will increase Saudi Arabia's annual steel production from the current 5 million tons to 5.5-6 million tons.