Swiss plantmaker SMS Concast AG has announced that it has received an order from Saudi Arabia-based Al-Qaryan Steel Company for the design, manufacturing and commissioning of a mini-mill to be installed in Dammam in the east of Saudi Arabia.
Al-Qaryan, which operates in scrap and secondary metals trading, will enter into value-adding production of commercial billets with the new steel mill consisting of an induction furnace, a ladle furnace and a continuous caster. The company also plans further expansions by adding a second steel shop and caster as well as a rolling mill for rebars with final production of 600,000 mt per year.
Saudi Arabia has one of the fastest growing steel industries in the Middle East. The country's steel consumption has surged rapidly over the past few years on the back of the boom in construction and growing investment.