|Joudco Steel to setup a new meltshop to produce billets with prod. cap. of up to 520.000 tpy
|Syria - 2007 April 9
Joudco Steel to setup a new meltshop with a production capacity of up to 520.000 tpy to produce billets at Adra
Joudco Steel Company plans to reach a production figure of 150.000 tons of reinforcing steel in 2007. The company produced 117.000 tons in 2006, an increase of 21.000 tons over the production of 2005, which amounted to 96.000 tons, with a growth rate of 22%. Most of this production went to the domestic market, while 27.000 tons were exported to the neighbouring markets such as Lebanon, Jordan, Iraq and Cyprus.
It is worth noting that in Syria there is only one meltshop for production of billets, with a production capacity of 120.000 tons/year, while there are more than six mills for producing reinforcing bars with a production capacity of up to about 850.000 tons. These mills depend on importing billets (raw material) to cover their requirements.