Saudi Aramco, Baosteel, PIF sign agreement on new steel plate manufacturing complex-Xinhua
Saudi Aramco, Baosteel, PIF sign agreement on new steel plate manufacturing complex-
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Saudi Aramco, Baosteel, PIF sign agreement on new steel plate manufacturing complex-
Middle-East Arab News and Opinion - Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities
DHAHRAN, Saudi Arabia, May 2, 2023 /PRNewswire/ -- Aramco, one of the world's leading integrated energy and chemicals companies, Baoshan Iron & Steel Co., Ltd. (Baosteel), the world's leading steel conglomerate, and the Public Investment Fund (PIF) have signed a shareholders' agreement to establish an integrated steel plate manufacturing complex in the Kingdom of Saudi Arabia. Subject to customary...
The facility is to have steel plate production capacity of up to 1.5mln tons per year
Aramco said the facility has a designed annual capacity of 2.5 million tonnes of direct reduced iron and 1.5 million tonnes of steel plate