Awards made on Qasco expansion

12 November 2004
Contractors have been selected for the three main packages on the Qatar Steel Company (Qasco)expansion project at Mesaieed. The lump-sum turnkey (LSTK) contracts are expected to be signed once financial close has been achieved on the estimated $500 million-600 million project (MEED 5:11:04).

Italy's Danieli & Companyis understood to have been selected for the contract to build the new 400,000-tonne-a-year (t/y) rebar and wire rod mill. Austria's Voest Alpine Industrieanlagenbau (VAI) has been chosen for the contract to expand the existing melt shop by 600,000 t/y, while Japan's Kobe Steelis in line for the new 1.2 million-t/y direct reduction iron (DRI) plant.

ANZ Investment Bankis acting as Qasco's financial adviser, with Norton Roseacting as the legal adviser on the project, which will take Qasco's production capacity to 1.5 million t/y from 1 million t/y and its DRI capacity to 2 million t/y from about 800,000 t/y.

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