Faisal Al Haddawi, chief executive of Saudi-based Sulb National Co has said the newly formed company will launch a 300,000 tonnes steel billet plant that would cover 20% of the product shortage in kingdom before the end of next year, the Gulf Daily News has reported. "There is only one plant and its capacity does not exceed 100,000 tonnes per year, while our market imports at least 1.5m tonnes of billets per year," he said.
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