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Nasco considers new induction furnace meltshop.

A l Tuwairqi Holding's National Steel Co (Nasco) in Saudi Arabia is consider- ing building a new induction furnace melt- shop on its site in Dammam to produce an additional 700,000 tons/year of billets, Nasco's general manager Anthony Phil- lips said at Badische Stahl-Engineering's recent International Mini-Mill Symposium in Germany. Nasco supplies billets to the group's Saudi Arabian rebar, bar and wire rod plants: Ittefaq Steel Products Co 1 in Dammam and ISPC 2 in Jeddah. The rolling mills have a capability of around 3m tons/year. In 2009 Nasco produced 808,290 t of billets (working a five-day week in the first quarter) and this year is targeting 920,000t.

The new meltshop would include six induction furnaces and a four-strand bil- let caster. NASCO's existing meltshop has a 100-ton electric arc furnace, a 20-t induction furnace and four-strand caster. Al Tuwairqi's Direct Reduced Iron Co in Dammam supplies the meltshop, which also consumes scrap: about 65% of the EAF charge is DRI. The existing IF was added in 2008 to raise capacity in the face of certain con- straints: notably, Nasco could not get ex- tra power allocation from Saudi Electricity Co. This makes a captive power supply necessary and a large EAF is incompat- ible with a small power station supplying other entities. The IF also provides cost savings: for example, it does not require electrodes. A current priority for Al Tuwairqi is the construction of its 2mt/y Arab Steel billet plant in Saudi Arabia, with two 130-t EAFs and six-strand casters, and this takes precedence over the IF project, Steel Business Brie ing understands.

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Publication:Saudi Economic Survey
Date:May 27, 2010
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