STEEL PRODUCERS HEADLINESSteel Producers
Industries Qatar Plans To Invest In New Steel Plant In Algeria
Jun. 13, 2012
Industries Qatar QSC’s steel unit plans to invest in a new plant in Algeria that will start operating after 2016, according to a five-year plan released by the company.
Qatar Steel International is seeking a 25% stake in the Algerian venture and has earmarked 1.5 billion riyals (US$410 million) for foreign investment, according to the plan. The plant will have a capacity of 4.8 million tonnes a year.