04
Mar
00:00
Abu Dhabi-based Senaat invests $1.4bn into metals over next five years
Emirates Steel (ESI)’s parent company Senaat plans to invest AED 5 billion ($1.36bn) solely in the metals sector over the next five years, Kallanish was told during a meeting with the Abu Dhabi-based industrial holding. This follows its announcement of a new welded pipe mill joint venture with Japanese firms JFE Steel and Marubeni-Itochu Steel.
The holding aims to develop a “world-class steel cluster” in United Arab Emirates’ capital …
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Anonymous
Very good overview of the weekly steel market.
Anonymous