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South Steel receives SR600m plant loan
- Saudi Arabia: Sunday, June 07 - 2009 at 10:08
Saudi Arabia-based steelmaker South Steel Company (SSC) has received a SR600m loan from the Saudi Industrial Development Fund, to partially fund its new SR1.35bn project in Jizan Economic City. The plant is expected to have an annual production capacity of one million tonnes of plate and 500,000 tonnes of reinforced bars. SSC began the construction of the plant in January 2009, and steel production is scheduled to begin in 2011.
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