Alwasat citing well informed industrial sources clarified that multilateral talks are going on Bahrain for establishing a new rebar mill.

According to the sources, investors are ambitious to get facilitations from Trade and Industry ministry for building this huge mill estimated capacity may reach 500,000 tonne per year. The new mill is still in the process of negotiations, among the investors a well known Japanese company.

The sources didn't clarify the amount of required investments in the project yet they said they are going to be huge investments, stating that the mill will be different from the Universal Rolling's rebar mill; since it is going to be an integrated mill producing steel from scratch; from raw materials to finished products.

Worth mentioning that many Japanese companies are participating in infrastructural and industrial projects in Bahrain, some of which are electricity projects and steelworks.

According to the sources, the existence of steel industry infrastructure such as pellets line which has been in Bahrain for many years exporting its products all over the world, along with the building of an integrated steelworks complex for industries in Alhad region; all this will help in establishing the project in Bahrain.

United Steel company, located in Bahrain and a mutual project between United Holding Gulf Steel company 51% and the Japanese company Yamato Kojio 49%, has an industrial steel complex consisting of DRI mill producing sponge iron with nominal capacity and designed capacity, meltshop with nominal capacity and designed capacity and medium heavy rolling mill with nominal capacity and designed capacity.

It is expected that complex's production will commence in the end of this year, since SULB will cover 20% of the imported finished products from abroad for the Middle East region estimated by 4 million tonnes.

During March, Universal Rolling disclosed that it will establish the first rebar mill in Bahrain in cooperation with the American company MMFX Steel with 200.000 tonne per year rebar capacity this mill will be used in construction works and is located in Alhad industrial zone which is considered one of the most attractive industrial zones for high value added investments in Bahrain kingdom.

MMFX Steel provided the technique and raw materials and is leading the marketing process in the GCC countries, while Universal Rolling's mill is handling the production operations.

(Sourced from Alwasat)