al-Watan reported that the Saudi unit of ArcelorMittal expects to start producing in the first half of 2012 at its new mill at Jubail in eastern Saudi Arabia.

The USD 700 million plant will produce 600,000 tonnes of pipes a year

Mohammed Al Jabr ArcelorMittal’s MD in Saudi Arabia told news paper that the company plans to invest up to USD 3 billion in Saudi steel projects over the next five years and is conducting studies to build a factory north of Jubail at Ras Al Khair, where the government is forming a mining hub.

(Sourced from arabianbusiness.com)