Argaam reported that Saudi Iron & Steel Co HADEED President Mr Saleh Al Ansari told Argaam in an interview that the iron and steel industry is closely linked to countries’ economic conditions and he is expecting a promising future for demand in the Kingdom, especially as work is going around the clock on mega projects, in tandem with Saudi Vision 2030. He told “It is also largely connected to different business sectors, mainly building and construction, contracting and infrastructure. It is also related to car manufacturing, military industries, oil and gas industry, renewable energy and other value-added industries.” He said “To this extent, we expect a promising future for demand in the Kingdom, particularly as work is going around the clock on mega projects, in tandem with Saudi Vision 2030. Several projects were launched in 2016, including NEOM, The Red Sea Project, Qiddiya, and other residential and tourism projects. As the Kingdom has already embarked on the implementation of the Vision 2030 projects, the Kingdom’s iron and steel industry will have a promising future.”Hadeed started its journey in 1979, when the company’s production capacity of long products reached 850,000 tonnes. In 1988, the capacity was ramped up to 1.2 million tonnes. In 1998, the company added a production line of flat products with a capacity of one million tonnes. The production capacity of all products was raised in the last few years to 5.8 million tonnes, 3.8 million tonnes and 2 million tonnes of long and flat products, respectively.
Argaam reported that Saudi Iron & Steel Co HADEED President Mr Saleh Al Ansari told Argaam in an interview that the iron and steel industry is closely linked to countries’ economic conditions and he is expecting a promising future for demand in the Kingdom, especially as work is going around the clock on mega projects, in tandem with Saudi Vision 2030. He told “It is also largely connected to different business sectors, mainly building and construction, contracting and infrastructure. It is also related to car manufacturing, military industries, oil and gas industry, renewable energy and other value-added industries.” He said “To this extent, we expect a promising future for demand in the Kingdom, particularly as work is going around the clock on mega projects, in tandem with Saudi Vision 2030. Several projects were launched in 2016, including NEOM, The Red Sea Project, Qiddiya, and other residential and tourism projects. As the Kingdom has already embarked on the implementation of the Vision 2030 projects, the Kingdom’s iron and steel industry will have a promising future.”Hadeed started its journey in 1979, when the company’s production capacity of long products reached 850,000 tonnes. In 1988, the capacity was ramped up to 1.2 million tonnes. In 1998, the company added a production line of flat products with a capacity of one million tonnes. The production capacity of all products was raised in the last few years to 5.8 million tonnes, 3.8 million tonnes and 2 million tonnes of long and flat products, respectively.
