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A consortium of Austria’s Voest Alpine Industrieanlagenbau (VAI) and Germany’s SMS Demag signed in late July the contract to expand and modernise the Saudi Iron & Steel Company (Hadeed)hot rolling mill in Jubail. The contract, worth about Eur 130 million ($156 million), will double the plant’s flat steel product capacity to 2 million tonnes a year (t/y). VAI’s share of the contract will be about Eur 100 million ($120 million). The team was first selected for the contract in April (MEED 11:6:04).