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Bahrain’s United Steel awards $12.74m contract to Nass Corp

Bahrain-based United Steel has awarded a BD4.8m ($12.74m) contract to a unit of Nass Corp for the company's integrated steel plant, Reuters has reported. The plant is being built on Bahraini steel company's existing 1.3 million square metre steel production complex. Once complete, it will be the first fully integrated medium and heavy beams and structural sections producer in the Middle East. It is expected to replace about 20% of the industry's annual four million tonne imports into the region.