Turkish Erdemir
investing in pickling operations.
15 Aug 2002
Turkish Erdemir, plans to replace pickling
line No1 and to modernize pickling line No2.
A possible loan for this project, of abt 20 mio US$ will be discussed by the
USA's EXIM board mid august.
This project should improve the quality and mix of hot rolled pickled
products.
Capacity for pickled material would be in the range of 800 KT.
Even without Exim backing, Erdemir is reported to plan to proceed with their
plans.
Qatar: Qasco plans to increase output
10 Aug 2002
Qatar Steel Company plans to raise production by 50 per cent over the next
three years. In 2001 production was about 900.000 Tons. The increased
production will be sold to export markets such as South Asia,USA, East
Africa and Yemen.
Iran Sadid plans new pipe mill
08 Aug 2002
Irans Sadid plans to build a ultra modern welded pipe production facility
with a capacity of about 330KT in Khouzestan.
This factory will be supplied by SMS and should be operative by end 2003
It will be able to produce SAW pipes upto API 5L X70, with diameters from
600mm to 1400mm, wall thickness of 35mm max, and lengths of 12m max.
The mill, to be supplied by SMS Germany, will produce longitudinal SAW
(submerged arc welded) pipes.
Production range will be for diameter 610-1422mm, wall thick up to 35.5mm,
and lengths of up to 12.2m.
Sadid will produce pipes in grades up to X70, meeting the API 5L standard.
Algeria Ispat plans new bar mill
15 July 2002
Algeria's Ispat Annaba plans to build a new rebar mill soon, with a capacity
of around 360KT.
production from this new line is scheduled to start early 2004, and will
ffill mainly the local market demand.
Pomini has been awarded this project, at a cost of about 40 mio US$.
Turkey Kardemir debts to be rescheduled
10 July 2002
The Turkish development bank, might extend 20 mio us$ to Kardemir.
The government intends to reschedule Kardemir debts, to government owned
enterprises up to 10 years, with a grace period of 3 years.
Also loans to banks are to be rescheduled.
Furthermore Kardemir would be allowed to buy base materials form government
owned companies, against payment of 50% and balance within 12 months.
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