Qatar Steel raises stake in Saudi's South Steel to 29.7%

Dec 20, 2011 | 08:28 AM |

Qatar Steel has increased its stake in Saudi Arabia’s South Steel to 29.7% from 20.9% for 90 million Saudi Arabian Riyals ($24 million).

South Steel is located in the Jazan economic area, and has the capacity to produce 1 million tpy of billet and 500,000 tpy of rebar.....





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