According to the Saudi Gazette reported, India's state-run the Rashtriya of Ispat Nigam (RINL) is negotiating with Saudi Rajhi Steel Company and the establishment of an annual output of 3 million tons of steel. Expected investment amount is $ 3.6 billion, five-year construction period. Rajhi Steel Company has annual output of 3 million tons of production capacity, the basic products sold in Saudi Arabia.

The construction market and real estate investment fast growth stimulation, Saudi steel consumer market a decade expansion. But rely mainly on imported steel. Saudi market steel consumption in 2011 reached 12 million tons, but domestic production is only 5.3 million tons.


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