Oman-based steelmaker Jindal Shadeed Iron & Steel LLC has announced a new two-year partnership with Saudi ArcelorMittal Tubular Products Jubail, a joint venture between Luxembourg-headquartered steelmaker ArcelorMittal and Saudi Public Investment Fund PIF.
Within the scope of the partnership, ArcelorMittal Tubular Products Jubail will procure from Jindal Shadeed round steel bars worth $1 billion within two years, a vital input for the joint venture’s seamless tube operations.
Jindal Shadeed stated that the partnership underscores their commitment to drive sustainable industrial growth across the region.