15
Jun
04:38
Chinese firm signs DRI investment in Saudi Arabia
China's SINO CARNEUTEC (also known as Zhonghuan International Group(Hong Kong) Limited) and Saudi Arabia's Amar Al Oula Company have signed a $533 million investment agreement at the 10th China-Arab Cooperation Forum held in Riyadh, Saudi Arabia earlier this week.
Kallanish learns from the Chinese company that it intends to jointly design, plan, invest, construct, and operate a direct reduced iron (DRI) production project, as well as a supporting green ste…
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Anonymous
Very good overview of the weekly steel market.
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