Rayanco, the leading supplier of scrap metal in Saudi Arabia, announced plans for the construction of the first plant in the country for the production of steel ingots with an electric -armed stove (EDF). Новый объект будет стратегически расположен в 3-й промышленной зоне Даммама, что станет важной вехой для сталелитейной промышленности Саудовской Аравии. This development reflects the desire of Rayanco to strengthen the internal steel capacities of Saudi Arabia and reduce dependence on imports.
according to media reports, production equipment has already been ordered from a Chinese manufacturer, while construction work is actively advancing. The project is moving to obtain the necessary permits for the supply of electricity, the plant is expected in the period from June to August 2026.
The initial stage of production will provide an annual capacity of 150,000 tons of ingots with an expansion of up to 200,000 tons a year shortly after the start of work.
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