Emirates Steel completes Phase II of expansion plan

4 January 2012: Abu Dhabi's Emirates Steel has completed the second phase of its expansion plan and intends to further boost production to around 6.5 million tonnes per year within the next four years. Emirates Steel, a subsidiary of government-owned Abu Dhabi Basic Industries Corporation (Adbic), launched a two-phased expansion programme worth $2.45 bn (approx Rs.13,011 crore) in January 2006.

The first phase, worth $816 mn (approx Rs.4,333 crore), was completed in June 2009 and has increased the rolling output capacity from 750,000 tonnes to 2.1 million tonnes. The second phase of the expansion plan has raised its steelmaking capacity to 2.8 million tonnes per annum and its capacity to produce direct reduced iron (DRI) to 3.2 million tonnes, making it one of the biggest DRI producers in the Middle East.

Source: Trade Arabia