|Steel billet production to reach 1.15 million tons in 2009
|Syria - 2008 July 6
Steel billet production is estimated to reach 1.15 million tons in 2009, as two new mills will be commissioned soon.
JoudCo Steel has spent around USD94 million to invest a new plant with output of 512,000 tons per year. Another plant, Syrian Metal Industries (SMI), has invested some US$155 million to reach an annual capacity output of 630,000 tons.
Syria produced around 70,000 tons of billet a year, all by the General Company of Iron and Steel Products (Hadid Hama).