Emirates Steel Visit - 1st June 2023
Essar Group of India signed a memorandum of understanding with the Ministry of Industry and Mineral Resources of Saudi Arabia in October on the construction of a hot rolled coil plant, which will be located in Ras Al-Khair Industrial City, Saudi Arabia. At present, Jubail and the Royal Commission of Yanbu (RCJY) have signed a land allocation agreement with the Essar Group of India, which plans to allocate 3 million square meters of land for the construction of the plant.
The new facility will have two direct reduced iron plants, each with a production capacity of 2.5 million tons per year. The two electric arc furnaces will allow the production of more than 3 million tons of slabs and hot rolled coils per year, and there will also be a tin plate plant.
