Essar Group's $4.5B investment in advanced steel manufacturing facility

Bahrain Steel has signed an intent to supply 4 million tonnes/year of iron ore pellet to Green Steel Arabia (GSA), a new steelworks by Essar Group in Ras Al Khair. Essar is investing SAR 16.87 billion ($4.5 billion) for various capacities,1 million tonnes/year of cold rolled coil, and a tin plate line. The facility will also two direct reduced iron plants, each with a capacity of 2.5 million tonnes/year and plans to begin production by 2027. The agreement secures 50% of raw material supply for GSA's steel plant, aligning with a focus on sustainable development in Saudi Arabia.