HAMRIYAH STEEL FZC
manufacturing of steelPhone: 065133333
Hamriyah Steel FZC is a Russia-Emirates joint venture established by METALLOINVEST and H.H. Sheikh Sultan Bin Khalifa Al Nahyan. Under this project a rolling mill will be constructed in Free Economic Zone in order to supply 1M tpy rebar to local construction market.
It is no coincidence that the United Arabian Emirates were chosen for project realization. This is a leading country of GCC region in terms of rebar consumption. The country was chosen mostly due to such important factors as stable political system, developed labor market, UAE government’ interest in development of non-oil industries such as construction. Independent experts suppose Hamriyah Steel FZCproject could occupy about 15% of UAE rebar market and extend export due to convenient location. Ural Steel metallurgic plant will supply billets to the mill via Free Economic Zone Hamriyah port.
Project key targets:
To diversify Ural Steel export markets and increase the share of value added production share within METALLOINVEST holding.
To guarantee METALLOINVEST presence on dynamically growing markets of the Middle East and North Africa which are characterized with high solvent demand.
To provide conditions for further METALLOINVEST activities extension and diversification in the Middle East and North Africa.
On 28th of June 2007 Hamriyah Steel FZC and Italian company SMS Meer signed a turn-key contract for construction of a bar mill with 1M tpy capacity. The contract cost is ~155M USD. The bar mill will be constructed in 2years. The production startup is planned in Q4 2009. It is expected that by 2010 the mill will reach annual capacity level of 1M tpy.
Mr.Putin, ex-President of Russian Federation, stressed the need to accelerate economic cooperation between Russia and the Emirates during his official visit to UAE on September, 10th -2007. Construction of Hamriyah Steel FZC rolling mill is the largest UAE-Russia economic project and an example of implementation of the objective set by Mr.Putin. Successful realization of the project will become a symbol of mutually beneficial and fruitful UAE-Russia economic cooperationProducts Exported to: , Russia