Bahrain launches US$1.2 billion steel project

steel

United Steel Company (SULB), awarded Nass Contracting WLL with the Civil Integration Package for its US$1.2 billion integrated steel project in Bahrain.

 

Nass will start work on the project on Aug. 1, 2011.

Foulath holds 51 per cent of SULB's shares, while Yamato Kogyo has the rest. The other two key players are iron pellets producer Gulf Industrial Investment Company (GIIC) and cold-rolled stainless steel maker United Stainless Steel Company (USCO).

The SULB integrated steel plant is comprised of a Direct Reduced Iron Plant (DRI Plant) with nameplate capacity of 1.5 million tonnes per year (mtpy) and design capacity of 1.8 mtpy, a Melt Shop (MS) with nameplate capacity of 0.80 mtpy and design capacity of 1.2 mtpy, and a Heavy Section Rolling Mill (HSM) with nameplate capacity 0.60 mtpy and design capacity of 1.0 mtpy.

SULB will be the Middle East's first fully integrated medium and heavy beams and structural steel sections producer and is expected to replace approximately 20 per cent of the annual 4mn tonnes imports of these products into the region once fully operational in second half of 2012.

Foulath 1.3mn sq- meters production complex in Hidd Industrial Area also consists of Gulf Industrial Investment Company's (GIIC) pelletizing plants and United Stainless Steel Company's (USCO) cold rolled stainless steel mill, both wholly owned subsidiaries of Foulath, which together with SULB, allow the company to operate across the entire steel value chain from iron ore to final product.

Foulath operates an iron pelletization plant and a cold-rolled stainless steel mill in Hidd Industrial City. A US$1.2 billion plant comprising a direct reduced iron unit, a melt shop and a heavy section rolling mill is under construction.

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