Qasco awards key steel deal to Danieli

11 January 2008
Qatar Steel Company (Qasco) has selected Italy’s Danieli for a key contract on its steel production plant at the Mesaieed complex.

Germany’s Siemens was the only other bidder for the technology licensing, equipment supply and installation contract, worth $300m.

The work covers an electric arc furnace and a steel rolling mill. The furnace will have a molten metal capacity of 1 million tonnes a year (t/y), and the mill will have a steel bar capacity of 800,000 t/y.

Qasco’s existing capacity at Mesaieed is 1.2 million t/y of molten steel, while the mill has a capacity of 740,000 t/y.

Feedstock for the furnace will come from the existing direct reduction iron plant at Mesaieed.

Qasco is spending more than $1bn on expanding its Mesaieed complex to meet industry demand.

After financing delays in 2007, because of difficulties in the global credit market, Qasco expects to raise funds for the scheme this year (MEED 19:10:07).

A MEED Subscription...

Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.

Get Notifications