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Rak Steel postpones 250,000 tpy expansion until Q4 2009

February 24, 2009 - 15:23 GMT Location: London

UAE-based re-roller Rak Steel has postponed plans to up its capacity to 750,000 tpy until the end of the year due to the slowdown in demand from the construction sector, the company told MB.

Rak Steel already has a 500,000 tpy rebar rolling mill facility located in Ras al Khaimah in the UAE and sources billet from worldwide sources depending on the price. Rak Steel planned to commission a 250, 000 tpy expansion of its...

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