1999 News Story

New Iron And Steel Plant To Open On Schedule

The iron and steel company Hadeed, an affiliate of Saudi Basic Industries Corporation (SABIC), will start commercial production on schedule by the end of this year. Commercial production of hot steel is expected to begin in the third quarter of 1999, while that for cold steel will start in January 2000. The plant, located in Jubail on the Arabian Gulf, will have an annual capacity of 850,000 tons.