9,393.79 TRY BIST 100 BIST 100
38.08 USD USD USD
5.23 CNY CNY CNY
43.18 EUR EUR EUR
0.12 CNY CNY/EUR CNY/EUR
48.68 TRY Interest Interest
64.02 USD Fossil Oil Fossil Oil
39.92 USD Silver Silver
4.55 USD Copper Copper
98.68 USD Iron Ore Iron Ore
352.00 USD Shipbreaking Scrap Shipbreaking Scrap
4,032.17 TRY Gold (gr) Gold (gr)

Steel investment from Saudi Arabia

Saudi Arabia plans to build 3 steel plants for $9.3 billion.

Steel investment from Saudi Arabia

Saudi Arabia plans to build an iron and steel plant at a cost of 35 billion riyals.

Saudi Minister of Industry, Bandar Bin Ibrahim Al Khoray, stated that they met with local and international events related to the promotional event at the Saudi International Iron and Steel Conference.

The Saudi Minister, Saudi Minister, stated that “the total production capacity of the SPA of the facilities is expected to be approximately 62 tons and a total of 35 billion riyals for the News Agency.

One of the projects is the construction of an integrated iron plate with a capacity of 1.2 million tons. will focus on equipment for shipbuilding, oil pipelines and oil depots. Another project is the integrated plate production facility in the minister's production process, as it can be consumed in an international way.

According to the news, there will be 4 million tons of cold rolled iron capacity. In addition, 200 thousand tons of tin iron and other products will be produced. It is expected to serve fashion, food packaging, candidate, water routes.

In addition, an oil coarse type facility will be established.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

ÇDTD's traditional meeting brought the steel industry together

Wednesday, April 16, 2025

Vale's Q1 revenue falls short of expectations

Wednesday, April 16, 2025

House sales in Türkiye on the rise in March

Wednesday, April 16, 2025

European steel market analysis

Wednesday, April 16, 2025

NMDC closes fiscal year 2024-25 strong with record sales

Wednesday, April 16, 2025
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now