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Monday, November 30 - 2009

Emirates Steel inks $474m deal with Danieli

  • United Arab Emirates: Tuesday, September 15 - 2009 at 10:48

Emirates Steel Industries has signed a $474m contract with Italy-based Danieli Corporation for construction of phase II B of the company's overall $2.45bn expansion plan, Reuters has reported. Phase II B will produce heavy section beams, columns and sheet piles. According to the agreement, Danieli will be responsible for construction of a heavy section rolling mill with a production capacity of 1 million tonnes per year, which will add to Emirates Steel's total capacity by the end of 2011.

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